Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lessened its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.6% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 430,415 shares of the software company’s stock after selling 11,476 shares during the quarter. Janus Henderson Group PLC owned 0.20% of Autodesk worth $112,076,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Kodai Capital Management LP acquired a new position in shares of Autodesk during the first quarter worth $488,000. Bayesian Capital Management LP acquired a new position in Autodesk in the 1st quarter worth $7,262,000. Captrust Financial Advisors boosted its position in Autodesk by 78.4% in the 1st quarter. Captrust Financial Advisors now owns 372,686 shares of the software company’s stock valued at $97,055,000 after buying an additional 163,735 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Autodesk by 263.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company’s stock valued at $1,639,279,000 after buying an additional 4,563,668 shares during the last quarter. Finally, BOKF NA grew its stake in shares of Autodesk by 11.1% during the first quarter. BOKF NA now owns 8,254 shares of the software company’s stock valued at $2,141,000 after acquiring an additional 826 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK traded up $3.41 during midday trading on Wednesday, hitting $246.75. 223,167 shares of the stock traded hands, compared to its average volume of 1,688,305. The business’s 50 day moving average price is $234.13 and its two-hundred day moving average price is $240.23. The firm has a market capitalization of $53.18 billion, a PE ratio of 52.67, a price-to-earnings-growth ratio of 3.24 and a beta of 1.48. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. Autodesk, Inc. has a 1-year low of $192.01 and a 1-year high of $279.53.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, June 11th. The software company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.77 by $0.10. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. Autodesk’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.55 EPS. Equities research analysts predict that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. KeyCorp reduced their price target on Autodesk from $320.00 to $305.00 and set an “overweight” rating for the company in a report on Monday, May 20th. Citigroup increased their target price on Autodesk from $286.00 to $295.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Royal Bank of Canada restated an “outperform” rating and issued a $260.00 price target on shares of Autodesk in a research note on Tuesday, June 18th. Oppenheimer reaffirmed an “outperform” rating and issued a $275.00 price target on shares of Autodesk in a report on Tuesday, June 18th. Finally, Piper Sandler reissued a “neutral” rating and set a $239.00 price objective on shares of Autodesk in a report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $262.42.

Insider Buying and Selling at Autodesk

In other news, COO Steven M. Blum sold 17,413 shares of the stock in a transaction 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 completion of the transaction, the chief operating officer now owns 54,136 shares of the company’s stock, valued at $12,256,390.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, COO Steven M. Blum sold 19,693 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $250.00, for a total value of $4,923,250.00. Following the completion of the sale, the chief operating officer now directly owns 34,443 shares of the company’s stock, valued at approximately $8,610,750. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Steven M. Blum sold 17,413 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the completion of the transaction, the chief operating officer now 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 have sold 39,381 shares of company stock valued at $9,401,282 in the last quarter. Corporate insiders own 0.14% of the company’s stock.

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.