Kentucky Retirement Systems Sells 858 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Kentucky Retirement Systems lessened its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.0% in the 1st quarter, HoldingsChannel reports. The fund owned 16,245 shares of the software company’s stock after selling 858 shares during the period. Kentucky Retirement Systems’ holdings in Autodesk were worth $4,231,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its stake in 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 valued at $1,639,279,000 after purchasing an additional 4,563,668 shares in the last quarter. Norges Bank acquired a new position in Autodesk during the 4th quarter valued at approximately $619,404,000. Van ECK Associates Corp increased its stake in Autodesk by 1,162.9% during the 1st quarter. Van ECK Associates Corp now owns 817,808 shares of the software company’s stock valued at $212,973,000 after purchasing an additional 753,051 shares in the last quarter. FIL Ltd increased its stake in Autodesk by 19.6% during the 4th quarter. FIL Ltd now owns 2,921,044 shares of the software company’s stock valued at $711,216,000 after purchasing an additional 479,559 shares in the last quarter. Finally, Cantillon Capital Management LLC increased its stake in Autodesk by 35.1% during the 4th quarter. Cantillon Capital Management LLC now owns 1,702,608 shares of the software company’s stock valued at $414,551,000 after purchasing an additional 442,005 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 1,100 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $226.21, for a total transaction of $248,831.00. Following the transaction, the director now directly owns 32,116 shares of the company’s stock, valued at $7,264,960.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, COO Steven M. Blum sold 17,413 shares of the firm’s 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mary T. Mcdowell sold 1,100 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $226.21, for a total transaction of $248,831.00. Following the completion of the transaction, the director now directly owns 32,116 shares in the company, valued at $7,264,960.36. The disclosure for this sale can be found here. Insiders have sold a total of 39,381 shares of company stock valued at $9,401,282 over the last ninety days. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on ADSK shares. Piper Sandler restated a “neutral” rating and set a $239.00 price target on shares of Autodesk in a research note on Wednesday, June 12th. Morgan Stanley reiterated an “equal weight” rating and issued a $255.00 price objective on shares of Autodesk in a research note on Wednesday, June 12th. BMO Capital Markets cut their price objective on shares of Autodesk from $293.00 to $254.00 and set a “market perform” rating on the stock 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. Finally, Robert W. Baird cut their price objective on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $262.42.

Autodesk Price Performance

ADSK traded down $1.37 during midday trading on Friday, hitting $240.86. 1,267,132 shares of the company traded hands, compared to its average volume of 1,220,368. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.06. The company has a market capitalization of $51.91 billion, a price-to-earnings ratio of 52.13, a PEG ratio of 3.22 and a beta of 1.48. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $279.53. The business has a 50 day simple moving average of $233.25 and a two-hundred day simple moving average of $240.20.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.10. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.39 billion. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $1.55 earnings per share. On average, equities analysts forecast that Autodesk, Inc. will post 5.55 earnings per share for the current fiscal year.

Autodesk Company 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.