Sumitomo Mitsui Trust Holdings Inc. Reduces Stake in Autodesk, Inc. (NASDAQ:ADSK)

Sumitomo Mitsui Trust Holdings Inc. lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 882,025 shares of the software company's stock after selling 10,368 shares during the period. Sumitomo Mitsui Trust Holdings Inc. owned 0.41% of Autodesk worth $214,755,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in ADSK. O Shaughnessy Asset Management LLC lifted its position in Autodesk by 86.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company's stock worth $1,959,000 after acquiring an additional 4,381 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Autodesk during the third quarter worth $330,000. International Assets Investment Management LLC lifted its holdings in Autodesk by 3,539.1% in the fourth quarter. International Assets Investment Management LLC now owns 227,410 shares of the software company's stock valued at $55,370,000 after buying an additional 221,161 shares during the period. Carnegie Capital Asset Management LLC lifted its holdings in Autodesk by 60.5% in the third quarter. Carnegie Capital Asset Management LLC now owns 19,776 shares of the software company's stock valued at $4,092,000 after buying an additional 7,451 shares during the period. Finally, Columbia Trust Co 01012016 raised its holdings in shares of Autodesk by 13.1% during the fourth quarter. Columbia Trust Co 01012016 now owns 4,355 shares of the software company's stock valued at $1,060,000 after purchasing an additional 503 shares during the period. Institutional investors own 90.24% of the company's stock.

Autodesk Trading Down 3.1 %

Shares of NASDAQ:ADSK traded down $7.36 during trading on Monday, reaching $229.62. 1,384,637 shares of the stock were exchanged, compared to its average volume of 1,298,101. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82. Autodesk, Inc. has a 12-month low of $188.38 and a 12-month high of $279.53. The firm has a market cap of $49.12 billion, a price-to-earnings ratio of 56.66, a price-to-earnings-growth ratio of 3.26 and a beta of 1.43. The firm's 50-day moving average price is $255.73 and its 200 day moving average price is $234.92.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.14. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the prior year, the company posted $1.26 EPS. The business's revenue was up 11.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ADSK shares. Barclays upped their price objective on shares of Autodesk from $300.00 to $310.00 and gave the stock an "overweight" rating in a research report on Friday, March 1st. Piper Sandler Companies increased their price target on shares of Autodesk from $234.00 to $260.00 and gave the stock a "neutral" rating in a report on Friday, March 1st. Mizuho increased their target price on shares of Autodesk from $220.00 to $270.00 and gave the company a "neutral" rating in a report on Friday, March 1st. Oppenheimer raised their price target on shares of Autodesk from $265.00 to $315.00 and gave the stock an "outperform" rating in a report on Friday, March 1st. Finally, The Goldman Sachs Group raised their price target on shares of Autodesk from $180.00 to $230.00 and gave the stock a "sell" rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $272.44.

Insider Buying and Selling

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $240.28, for a total transaction of $132,154.00. Following the transaction, the director now owns 41,816 shares of the company's stock, valued at approximately $10,047,548.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Stacy J. Smith sold 7,554 shares of Autodesk stock in a transaction on Friday, January 19th. The stock was sold at an average price of $244.00, for a total value of $1,843,176.00. Following the completion of the sale, the director now directly owns 19,934 shares of the company's stock, valued at approximately $4,863,896. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $240.28, for a total value of $132,154.00. Following the completion of the sale, the director now owns 41,816 shares of the company's stock, valued at $10,047,548.48. The disclosure for this sale can be found here. In the last ninety days, insiders sold 46,770 shares of company stock valued at $12,065,385. Corporate insiders own 0.14% of the company's stock.

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.