Northwest & Ethical Investments L.P. Sells 22,762 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Northwest & Ethical Investments L.P. decreased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 21.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 84,894 shares of the software company’s stock after selling 22,762 shares during the quarter. Northwest & Ethical Investments L.P.’s holdings in Autodesk were worth $23,387,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new stake in Autodesk in the first quarter valued at approximately $25,000. LRI Investments LLC bought a new stake in Autodesk during the 1st quarter valued at $26,000. Olistico Wealth LLC bought a new position in shares of Autodesk in the second quarter valued at $26,000. Pacifica Partners Inc. grew its holdings in shares of Autodesk by 83.3% during the second quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock valued at $27,000 after buying an additional 50 shares during the last quarter. Finally, Livelsberger Financial Advisory bought a new stake in shares of Autodesk during the third quarter worth about $27,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ADSK. Mizuho boosted their price objective on Autodesk from $260.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday. Wells Fargo & Company raised their price target on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Morgan Stanley increased their price target on Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. HSBC raised Autodesk from a “hold” rating to a “buy” rating and raised their target price for the company from $242.00 to $299.00 in a research report on Tuesday, September 3rd. Finally, BMO Capital Markets raised their price objective on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a report on Wednesday. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $315.38.

Autodesk Price Performance

ADSK traded down $27.32 during midday trading on Thursday, hitting $290.64. The stock had a trading volume of 3,440,833 shares, compared to its average volume of 1,594,737. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The business has a fifty day moving average of $289.02 and a 200 day moving average of $256.83. The company has a market cap of $62.49 billion, a P/E ratio of 59.44, a price-to-earnings-growth ratio of 4.08 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the firm posted $1.33 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, equities analysts forecast that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Insider Transactions at Autodesk

In related news, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the completion of the transaction, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at $4,616,730. This trade represents a 50.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the transaction, the director now owns 30,249 shares in the company, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,280 shares of company stock valued at $5,232,213. Company insiders own 0.14% of the company’s stock.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment technology solutions worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BuildingConnected, a SaaS preconstruction solution; AutoCAD, a software for professional design, drafting, detailing, and visualization; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; Fusion 360, a 3D CAD, CAM, and computer-aided engineering tool; and Industry Collections tools for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment collection industries.