Axa S.A. Sells 100,920 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Axa S.A. lessened its position in Autodesk, Inc. (NASDAQ:ADSK) by 15.7% in the 2nd quarter, Holdings Channel.com reports. The fund owned 540,633 shares of the software company’s stock after selling 100,920 shares during the period. Axa S.A.’s holdings in Autodesk were worth $133,780,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its stake in Autodesk by 263.6% in 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 purchasing an additional 4,563,668 shares during the last quarter. Ninety One UK Ltd raised its position in Autodesk by 28.0% during the 2nd quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock valued at $1,255,054,000 after purchasing an additional 1,108,973 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Autodesk by 100.9% in the 2nd quarter. Van ECK Associates Corp now owns 1,642,973 shares of the software company’s stock worth $406,554,000 after buying an additional 825,165 shares during the period. Point72 Asset Management L.P. grew its position in shares of Autodesk by 366.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 843,040 shares of the software company’s stock worth $208,610,000 after buying an additional 662,339 shares in the last quarter. Finally, FIL Ltd increased its stake 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 valued at $711,216,000 after buying an additional 479,559 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, COO Steven M. Blum sold 19,693 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now owns 34,443 shares of the company’s stock, valued at approximately $8,610,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the company’s 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 sale, the chief operating officer now owns 34,443 shares in the company, valued at approximately $8,610,750. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $253.33, for a total value of $139,331.50. Following the completion of 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 ninety days, insiders sold 38,762 shares of company stock worth $10,046,302. Insiders own 0.14% of the company’s stock.

Autodesk Stock Up 0.4 %

Shares of NASDAQ ADSK opened at $269.65 on Wednesday. The firm has a market cap of $57.97 billion, a price-to-earnings ratio of 58.37, a price-to-earnings-growth ratio of 3.41 and a beta of 1.48. The company’s 50-day simple moving average is $250.88 and its 200-day simple moving average is $239.70. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $279.53.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. Autodesk’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.12 EPS. Equities analysts predict that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Analyst Ratings Changes

ADSK has been the topic of several recent research reports. KeyCorp reiterated an “overweight” rating and set a $305.00 target price on shares of Autodesk in a report on Monday, August 26th. BMO Capital Markets boosted their price objective on shares of Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a research note on Friday, August 30th. Robert W. Baird dropped their target price on Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 29th. Citigroup boosted their price target on Autodesk from $316.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Oppenheimer raised their price objective on Autodesk from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.17.

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.