Citizens Financial Group Inc. RI Acquires Shares of 962 Autodesk, Inc. (NASDAQ:ADSK)

Citizens Financial Group Inc. RI acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund acquired 962 shares of the software company’s stock, valued at approximately $251,000.

Several other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD raised its position in shares of Autodesk by 263.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company’s stock worth $1,639,279,000 after acquiring an additional 4,563,668 shares during the last quarter. Norges Bank bought a new stake in shares of Autodesk during the fourth quarter worth $619,404,000. Van ECK Associates Corp raised its position in shares of Autodesk by 1,162.9% during the first quarter. Van ECK Associates Corp now owns 817,808 shares of the software company’s stock worth $212,973,000 after acquiring an additional 753,051 shares during the last quarter. FIL Ltd raised its position in shares of Autodesk by 19.6% during the fourth quarter. FIL Ltd now owns 2,921,044 shares of the software company’s stock worth $711,216,000 after acquiring an additional 479,559 shares during the last quarter. Finally, Cantillon Capital Management LLC grew its stake in shares of Autodesk by 35.1% during the fourth quarter. Cantillon Capital Management LLC now owns 1,702,608 shares of the software company’s stock worth $414,551,000 after purchasing an additional 442,005 shares during the period. Institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on ADSK shares. StockNews.com cut Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. Morgan Stanley reaffirmed an “equal weight” rating and set a $255.00 price objective on shares of Autodesk in a research note on Wednesday, June 12th. KeyCorp decreased their price objective on Autodesk from $320.00 to $305.00 and set an “overweight” rating for the company in a research note on Monday, May 20th. BMO Capital Markets decreased their price objective on Autodesk from $293.00 to $254.00 and set a “market perform” rating for the company in a research note on Wednesday, June 12th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $290.00 target price on shares of Autodesk in a research note on Wednesday, June 12th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, Autodesk presently has a consensus rating of “Hold” and a consensus price target of $262.42.

Insider Activity

In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $253.33, for a total value of $139,331.50. Following the transaction, the director now owns 31,016 shares of the company’s stock, valued at $7,857,283.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Steven M. Blum sold 17,413 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the sale, the chief operating officer now owns 54,136 shares of the company’s stock, valued at $12,256,390.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $253.33, for a total value of $139,331.50. Following the sale, the director now directly owns 31,016 shares in the company, valued at approximately $7,857,283.28. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,381 shares of company stock valued at $9,401,282. 0.14% of the stock is owned by insiders.

Autodesk Price Performance

NASDAQ:ADSK opened at $231.37 on Friday. Autodesk, Inc. has a 12-month low of $192.01 and a 12-month high of $279.53. The stock’s 50 day moving average price is $235.54 and its two-hundred day moving average price is $240.21. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $49.86 billion, a price-to-earnings ratio of 50.08, a P/E/G ratio of 3.23 and a beta of 1.48.

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

Autodesk 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.