Grandfield & Dodd LLC Has $36.29 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Grandfield & Dodd LLC grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 139,362 shares of the software company’s stock after acquiring an additional 419 shares during the quarter. Autodesk accounts for approximately 2.3% of Grandfield & Dodd LLC’s investment portfolio, making the stock its 13th largest position. Grandfield & Dodd LLC owned 0.06% of Autodesk worth $36,293,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Autodesk by 1.7% during the fourth quarter. Vanguard Group Inc. now owns 19,038,677 shares of the software company’s stock worth $4,635,537,000 after buying an additional 310,081 shares during the last quarter. FIL Ltd increased its holdings in Autodesk by 19.6% in the 4th quarter. FIL Ltd now owns 2,921,044 shares of the software company’s stock worth $711,216,000 after purchasing an additional 479,559 shares in the last quarter. Brown Advisory Inc. raised its position in Autodesk by 12.9% in the fourth quarter. Brown Advisory Inc. now owns 2,859,954 shares of the software company’s stock valued at $696,342,000 after purchasing an additional 327,144 shares during the last quarter. Norges Bank bought a new position in Autodesk in the fourth quarter valued at about $619,404,000. Finally, Morgan Stanley boosted its stake in shares of Autodesk by 4.5% during the third quarter. Morgan Stanley now owns 2,378,796 shares of the software company’s stock valued at $492,197,000 after purchasing an additional 102,035 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Up 0.7 %

Shares of Autodesk stock traded up $1.72 during trading on Thursday, reaching $248.77. 1,267,841 shares of the company traded hands, compared to its average volume of 1,757,146. The firm has a market capitalization of $53.61 billion, a PE ratio of 53.85, a P/E/G ratio of 3.31 and a beta of 1.48. Autodesk, Inc. has a 1-year low of $192.01 and a 1-year high of $279.53. The company has a 50 day moving average price of $226.87 and a 200-day moving average price of $239.55. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.10. The firm had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.55 earnings per share. As a group, equities research analysts expect that Autodesk, Inc. will post 5.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. Stifel Nicolaus reduced their price objective on shares of Autodesk from $316.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Rosenblatt Securities restated a “buy” rating and issued a $290.00 price objective on shares of Autodesk in a report on Wednesday, June 12th. Mizuho cut their target price on Autodesk from $270.00 to $230.00 and set a “neutral” rating on the stock in a report on Tuesday, June 4th. Finally, Berenberg Bank lowered Autodesk from a “buy” rating to a “hold” rating and set a $295.00 price target on the stock. in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $262.42.

Insider Activity

In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the company’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $250.00, for a total transaction of $4,923,250.00. Following the transaction, the chief operating officer now owns 34,443 shares in the company, valued at $8,610,750. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Autodesk news, COO Steven M. Blum sold 19,693 shares of Autodesk stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $250.00, for a total transaction of $4,923,250.00. Following the completion of the transaction, the chief operating officer now owns 34,443 shares in the company, valued at approximately $8,610,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Steven M. Blum sold 17,413 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $226.40, for a total value of $3,942,303.20. Following the sale, the chief operating officer now directly owns 54,136 shares of the company’s stock, valued at $12,256,390.40. The disclosure for this sale can be found here. Insiders sold a total of 38,831 shares of company stock worth $9,261,951 over the last quarter. 0.14% of the stock is currently owned by corporate insiders.

About Autodesk

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.