Teachers Retirement System of The State of Kentucky Sells 903 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Teachers Retirement System of The State of Kentucky decreased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 4.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 17,555 shares of the software company’s stock after selling 903 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Autodesk were worth $4,572,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Manchester Capital Management LLC grew its holdings in shares of Autodesk by 12.2% in the 4th quarter. Manchester Capital Management LLC now owns 1,551 shares of the software company’s stock valued at $378,000 after acquiring an additional 169 shares in the last quarter. TD Asset Management Inc grew its holdings in shares of Autodesk by 153.0% in the 4th quarter. TD Asset Management Inc now owns 384,380 shares of the software company’s stock valued at $93,589,000 after acquiring an additional 232,441 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of Autodesk by 58.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock valued at $4,297,000 after acquiring an additional 6,481 shares in the last quarter. abrdn plc grew its holdings in shares of Autodesk by 26.2% in the 4th quarter. abrdn plc now owns 460,759 shares of the software company’s stock valued at $112,186,000 after acquiring an additional 95,723 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its holdings in Autodesk by 12.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 73,893 shares of the software company’s stock worth $17,991,000 after purchasing an additional 8,456 shares during the period. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other Autodesk news, COO Steven M. Blum sold 17,413 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the completion of the transaction, the chief operating officer now directly owns 54,136 shares in the company, valued at $12,256,390.40. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Autodesk news, Director Mary T. Mcdowell sold 1,100 shares of the company’s 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 sale, the director now owns 32,116 shares of the company’s stock, valued at $7,264,960.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Steven M. Blum sold 17,413 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the transaction, the chief operating officer now owns 54,136 shares in the company, valued at approximately $12,256,390.40. The disclosure for this sale can be found here. Insiders sold a total of 39,381 shares of company stock worth $9,401,282 over the last three months. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on ADSK shares. Royal Bank of Canada reiterated an “outperform” rating and set a $260.00 price target on shares of Autodesk in a report on Tuesday, June 18th. Barclays reduced their price target on Autodesk from $310.00 to $275.00 and set an “overweight” rating for the company in a report on Wednesday, June 12th. Bank of America reduced their price target on Autodesk from $300.00 to $260.00 and set a “neutral” rating for the company in a report on Monday, June 3rd. Robert W. Baird reduced their price target on Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a report on Wednesday, May 29th. Finally, Mizuho reduced their price target on Autodesk from $270.00 to $230.00 and set a “neutral” rating for the company in a report on Tuesday, June 4th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $262.42.

Autodesk Price Performance

Shares of NASDAQ ADSK traded down $10.41 during midday trading on Friday, reaching $231.37. The company’s stock had a trading volume of 2,812,417 shares, compared to its average volume of 1,206,697. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $279.53. The company has a market cap of $49.86 billion, a P/E ratio of 50.08, a P/E/G ratio of 3.23 and a beta of 1.48. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. The business’s 50 day moving average price is $235.54 and its two-hundred day moving average price is $240.21.

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