Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Banco Santander S.A.

Banco Santander S.A. lessened its stake in Autodesk, Inc. (NASDAQ:ADSK) by 40.3% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,129 shares of the software company’s stock after selling 29,112 shares during the quarter. Banco Santander S.A.’s holdings in Autodesk were worth $11,881,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in ADSK. DE Burlo Group Inc. raised its holdings in shares of Autodesk by 16.0% in the 3rd quarter. DE Burlo Group Inc. now owns 108,140 shares of the software company’s stock worth $29,790,000 after purchasing an additional 14,900 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Autodesk by 394.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock valued at $156,296,000 after buying an additional 452,728 shares during the period. Landscape Capital Management L.L.C. lifted its position in Autodesk by 464.9% during the third quarter. Landscape Capital Management L.L.C. now owns 10,920 shares of the software company’s stock valued at $3,008,000 after buying an additional 8,987 shares in the last quarter. Primecap Management Co. CA grew its stake in Autodesk by 3.8% during the third quarter. Primecap Management Co. CA now owns 680,820 shares of the software company’s stock worth $187,552,000 after buying an additional 24,920 shares during the period. Finally, King Luther Capital Management Corp acquired a new stake in shares of Autodesk in the third quarter worth $204,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Autodesk

In other news, COO Steven M. Blum sold 17,344 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the completion of the sale, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at $4,616,730. This represents a 50.36 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the sale, the director now owns 30,249 shares in the company, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,280 shares of company stock valued at $5,232,213. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

ADSK stock opened at $315.22 on Friday. The company has a 50-day simple moving average of $285.29 and a 200 day simple moving average of $253.88. The company has a market capitalization of $67.77 billion, a P/E ratio of 64.46, a PEG ratio of 3.90 and a beta of 1.47. 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 fifty-two week low of $195.32 and a fifty-two week high of $317.45.

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

Analysts Set New Price Targets

ADSK has been the subject of several analyst reports. Bank of America upped their target price on Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Wells Fargo & Company started coverage on shares of Autodesk in a research report on Wednesday, October 16th. They issued an “overweight” rating and a $340.00 price objective for the company. Berenberg Bank boosted their target price on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. HSBC upgraded shares of Autodesk from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $242.00 to $299.00 in a report on Tuesday, September 3rd. Finally, Rosenblatt Securities lifted their target price on Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and a consensus price target of $302.38.

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.