Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC reduced its stake in Autodesk, Inc. (NASDAQ:ADSK) by 3.5% in the second quarter, HoldingsChannel reports. The fund owned 45,612 shares of the software company’s stock after selling 1,665 shares during the quarter. Calamos Advisors LLC’s holdings in Autodesk were worth $11,287,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Ables Iannone Moore & Associates Inc. acquired a new stake in Autodesk during the fourth quarter valued at approximately $25,000. Concord Wealth Partners acquired a new stake in Autodesk during the first quarter valued at approximately $25,000. New Covenant Trust Company N.A. acquired a new stake in Autodesk during the first quarter valued at approximately $25,000. LRI Investments LLC acquired a new stake in Autodesk during the first quarter valued at approximately $26,000. Finally, Olistico Wealth LLC acquired a new stake in Autodesk during the second quarter valued at approximately $26,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Performance

Shares of ADSK stock opened at $255.26 on Monday. The stock has a market cap of $55.01 billion, a P/E ratio of 55.25, a P/E/G ratio of 3.23 and a beta of 1.48. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69. The company has a fifty day moving average price of $244.57 and a two-hundred day moving average price of $239.26. Autodesk, Inc. has a one year low of $192.01 and a one year high of $279.53.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, June 11th. The software company reported $1.87 EPS for the quarter, beating analysts’ consensus estimates 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%. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.55 earnings per share. As a group, equities analysts predict that Autodesk, Inc. will post 5.55 EPS for the current year.

Insider Activity

In other news, COO Steven M. Blum sold 17,413 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.40, for a total value of $3,942,303.20. Following the transaction, the chief operating officer now directly owns 54,136 shares of the company’s stock, valued at $12,256,390.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Steven M. Blum sold 17,413 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.40, for a total value of $3,942,303.20. Following the transaction, the chief operating officer now directly owns 54,136 shares of the company’s stock, valued at $12,256,390.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $235.00, for a total transaction of $129,250.00. Following the transaction, the director now directly owns 31,566 shares in the company, valued at $7,418,010. The disclosure for this sale can be found here. Insiders have sold 39,931 shares of company stock valued at $9,537,781 over the last ninety days. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the stock. BMO Capital Markets cut their target price on shares of Autodesk from $293.00 to $254.00 and set a “market perform” rating for the company in a research note on Wednesday, June 12th. Berenberg Bank lowered shares of Autodesk from a “buy” rating to a “hold” rating and set a $295.00 price objective on the stock. in a research note on Wednesday, May 1st. Morgan Stanley began coverage on shares of Autodesk in a report on Friday. They issued an “overweight” rating and a $305.00 price target for the company. KeyCorp reduced their price target on shares of Autodesk from $320.00 to $305.00 and set an “overweight” rating for the company in a report on Monday, May 20th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and set a $290.00 price objective on shares of Autodesk in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $267.00.

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.