ING Groep NV Sells 9,257 Shares of Autodesk, Inc. (NASDAQ:ADSK)

ING Groep NV cut its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 7.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 120,859 shares of the software company’s stock after selling 9,257 shares during the quarter. ING Groep NV’s holdings in Autodesk were worth $33,294,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. New Covenant Trust Company N.A. acquired a new stake in shares of Autodesk during the 1st quarter valued at about $25,000. LRI Investments LLC acquired a new position in Autodesk during the first quarter worth $26,000. Livelsberger Financial Advisory acquired a new stake in shares of Autodesk in the 3rd quarter valued at $27,000. Transcendent Capital Group LLC acquired a new stake in shares of Autodesk during the 3rd quarter worth about $28,000. Finally, Concord Wealth Partners acquired a new position in Autodesk in the third quarter valued at about $28,000. Institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of research analyst reports. The Goldman Sachs Group upgraded Autodesk from a “sell” rating to a “neutral” rating and increased their price target for the stock from $225.00 to $295.00 in a research report on Tuesday, September 3rd. Hsbc Global Res raised Autodesk to a “strong-buy” rating in a report on Tuesday, September 3rd. Berenberg Bank increased their price objective on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Piper Sandler raised their price objective on shares of Autodesk from $239.00 to $257.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Finally, Mizuho set a $260.00 target price on shares of Autodesk in a research report on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $292.95.

Insider Buying and Selling at Autodesk

In other news, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction on Friday, August 30th. The shares were sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the transaction, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at $4,616,730. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction on Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the completion of the sale, the director now owns 31,349 shares of the company’s stock, valued at $8,323,159.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of the business’s stock in a transaction on Friday, August 30th. The shares were 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 in the company, valued at $4,616,730. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 18,730 shares of company stock valued at $5,064,430. Corporate insiders own 0.14% of the company’s stock.

Autodesk Trading Down 1.3 %

NASDAQ ADSK traded down $4.02 on Thursday, reaching $309.12. The company had a trading volume of 422,625 shares, compared to its average volume of 1,571,131. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $315.73. The stock’s 50 day moving average is $279.25 and its 200-day moving average is $250.27. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The stock has a market cap of $66.46 billion, a price-to-earnings ratio of 64.04, a PEG ratio of 3.93 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the prior year, the business posted $1.12 EPS. Equities analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current 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.