Plato Investment Management Ltd Sells 106 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Plato Investment Management Ltd trimmed its stake in Autodesk, Inc. (NASDAQ:ADSK) by 1.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,974 shares of the software company’s stock after selling 106 shares during the period. Plato Investment Management Ltd’s holdings in Autodesk were worth $1,644,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. ICICI Prudential Asset Management Co Ltd grew its position in Autodesk by 31.9% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 35,947 shares of the software company’s stock valued at $9,903,000 after acquiring an additional 8,696 shares during the period. Pinnacle Financial Partners Inc grew its holdings in shares of Autodesk by 8.9% during the third quarter. Pinnacle Financial Partners Inc now owns 1,979 shares of the software company’s stock worth $545,000 after purchasing an additional 162 shares during the last quarter. Haverford Trust Co grew its holdings in shares of Autodesk by 8.3% during the third quarter. Haverford Trust Co now owns 1,453 shares of the software company’s stock worth $400,000 after purchasing an additional 111 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Autodesk by 68.0% during the third quarter. Victory Capital Management Inc. now owns 340,457 shares of the software company’s stock worth $93,789,000 after purchasing an additional 137,749 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC grew its holdings in shares of Autodesk by 10.7% during the third quarter. Prime Capital Investment Advisors LLC now owns 2,087 shares of the software company’s stock worth $575,000 after purchasing an additional 202 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $285.31, for a total value of $156,920.50. Following the sale, the director now owns 30,799 shares of the company’s stock, valued at approximately $8,787,262.69. This trade represents a 1.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 17,099 shares in the company, valued at approximately $4,616,730. This represents a 50.36 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 18,730 shares of company stock valued at $5,064,430 over the last 90 days. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. The Goldman Sachs Group upgraded Autodesk from a “sell” rating to a “neutral” rating and increased their target price for the stock from $225.00 to $295.00 in a report on Tuesday, September 3rd. KeyCorp restated an “overweight” rating and set a $305.00 target price on shares of Autodesk in a report on Monday, August 26th. DA Davidson assumed coverage on Autodesk in a report on Friday, September 27th. They set a “neutral” rating and a $260.00 target price on the stock. Oppenheimer increased their target price on Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Finally, Mizuho set a $260.00 price target on Autodesk in a report on Friday, October 18th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus target price of $292.95.

Autodesk Trading Down 2.1 %

NASDAQ:ADSK opened at $306.65 on Friday. The firm has a market capitalization of $65.93 billion, a price-to-earnings ratio of 62.71, a PEG ratio of 3.93 and a beta of 1.47. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80. The business’s 50-day moving average price is $279.25 and its two-hundred day moving average price is $250.27. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $315.73.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The company 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%. Autodesk’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.12 earnings per share. On average, equities analysts expect that Autodesk, Inc. will post 5.73 earnings per share for the current year.

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.