Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,017,590 shares of the software company’s stock after selling 177,753 shares during the quarter. Autodesk comprises about 2.2% of Loomis Sayles & Co. L P’s holdings, making the stock its 12th largest position. Loomis Sayles & Co. L P owned approximately 2.80% of Autodesk worth $1,657,726,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Independent Advisor Alliance grew its stake in shares of Autodesk by 1.7% in the 3rd quarter. Independent Advisor Alliance now owns 4,233 shares of the software company’s stock valued at $1,166,000 after purchasing an additional 72 shares during the last quarter. Harvest Fund Management Co. Ltd increased its stake in Autodesk by 3.0% in the 3rd quarter. Harvest Fund Management Co. Ltd now owns 13,802 shares of the software company’s stock valued at $3,802,000 after buying an additional 404 shares during the period. Fisher Asset Management LLC increased its stake in Autodesk by 5.0% in the 3rd quarter. Fisher Asset Management LLC now owns 515,731 shares of the software company’s stock valued at $142,074,000 after buying an additional 24,445 shares during the period. Daiwa Securities Group Inc. raised its position in Autodesk by 15.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 72,541 shares of the software company’s stock worth $19,984,000 after buying an additional 9,697 shares during the last quarter. Finally, Centaurus Financial Inc. lifted its stake in shares of Autodesk by 1.7% in the 3rd quarter. Centaurus Financial Inc. now owns 49,073 shares of the software company’s stock worth $13,518,000 after acquiring an additional 821 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK opened at $321.27 on Monday. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $321.90. The company’s 50 day simple moving average is $286.44 and its 200 day simple moving average is $255.18. The company has a market capitalization of $69.07 billion, a price-to-earnings ratio of 65.70, a PEG ratio of 4.10 and a beta of 1.47. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. During the same period last year, the company earned $1.12 EPS. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. On average, sell-side analysts predict that Autodesk, Inc. will post 5.73 EPS for the current year.

Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction on Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the transaction, the chief accounting officer now owns 4,879 shares in the company, valued at approximately $1,340,944.36. This trade represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $167,783.00. Following the sale, the director now owns 30,249 shares of the company’s stock, valued at $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,280 shares of company stock worth $5,232,213. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

ADSK has been the topic of a number of recent analyst reports. Citigroup boosted their price target on shares of Autodesk from $325.00 to $358.00 and gave the stock a “buy” rating in a research note on Friday. KeyCorp raised their target price on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Piper Sandler upped their price target on shares of Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Rosenblatt Securities raised their price objective on shares of Autodesk from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, Berenberg Bank boosted their price objective on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $309.43.

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.