Disciplined Growth Investors Inc. MN Decreases Stake in Autodesk, Inc. (NASDAQ:ADSK)

Disciplined Growth Investors Inc. MN cut its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 348,220 shares of the software company’s stock after selling 1,280 shares during the period. Autodesk comprises approximately 1.6% of Disciplined Growth Investors Inc. MN’s portfolio, making the stock its 23rd largest holding. Disciplined Growth Investors Inc. MN’s holdings in Autodesk were worth $86,167,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in ADSK. Vanguard Group Inc. grew its holdings in Autodesk by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 19,402,242 shares of the software company’s stock worth $5,052,732,000 after acquiring an additional 363,565 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Autodesk by 263.6% during the 1st 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 grew its stake in shares of Autodesk by 28.0% during the second quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock worth $1,255,054,000 after purchasing an additional 1,108,973 shares in the last quarter. FIL Ltd increased its holdings in Autodesk by 19.6% in 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 last quarter. Finally, Legal & General Group Plc raised its stake in Autodesk by 4.0% in the second quarter. Legal & General Group Plc now owns 2,117,357 shares of the software company’s stock valued at $523,940,000 after buying an additional 81,314 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other news, 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 transaction of $139,331.50. Following the completion of the transaction, the director now directly owns 31,016 shares of the company’s stock, valued at approximately $7,857,283.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, COO Steven M. Blum sold 17,344 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the transaction, the chief operating officer now owns 17,099 shares in the company, valued at approximately $4,616,730. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $253.33, for a total transaction 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. In the last 90 days, insiders have sold 38,687 shares of company stock valued at $10,027,986. 0.14% of the stock is owned by corporate insiders.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $271.90 on Friday. The stock has a fifty day moving average price of $252.43 and a 200 day moving average price of $240.07. Autodesk, Inc. has a 1-year low of $192.01 and a 1-year high of $279.53. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market cap of $58.60 billion, a PE ratio of 58.85, a P/E/G ratio of 3.41 and a beta of 1.48.

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ADSK shares. Hsbc Global Res upgraded Autodesk to a “strong-buy” rating in a report on Tuesday, September 3rd. Bank of America increased their price target on shares of Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. 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 report on Friday, August 30th. Citigroup increased their target price on shares of Autodesk from $316.00 to $325.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Finally, Oppenheimer boosted their price target on shares of Autodesk from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and a consensus price target of $290.47.

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.