Marshall Wace LLP Decreases Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Marshall Wace LLP trimmed its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 54.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,531 shares of the software company’s stock after selling 4,248 shares during the quarter. Marshall Wace LLP’s holdings in Autodesk were worth $1,031,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Eagle Bay Advisors LLC purchased a new stake in shares of Autodesk during the 2nd quarter valued at approximately $27,000. Monetary Management Group Inc. purchased a new stake in shares of Autodesk during the 2nd quarter valued at approximately $58,000. Evermay Wealth Management LLC purchased a new stake in shares of Autodesk during the 2nd quarter valued at approximately $60,000. Liberty Wealth Management LLC raised its position in shares of Autodesk by 19,046.2% during the 2nd quarter. Liberty Wealth Management LLC now owns 17,806 shares of the software company’s stock valued at $61,000 after buying an additional 17,713 shares during the period. Finally, Optimum Investment Advisors raised its position in shares of Autodesk by 600.0% during the 2nd quarter. Optimum Investment Advisors now owns 280 shares of the software company’s stock valued at $82,000 after buying an additional 240 shares during the period. 86.61% of the stock is currently owned by institutional investors and hedge funds.

In related news, CAO Stephen W. Hope sold 262 shares of the business’s stock in a transaction on Wednesday, September 8th. The shares were sold at an average price of $286.46, for a total value of $75,052.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Anagnost sold 2,434 shares of the business’s stock in a transaction on Thursday, September 2nd. The shares were sold at an average price of $286.18, for a total transaction of $696,562.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 8,263 shares of company stock valued at $2,384,406. Insiders own 0.11% of the company’s stock.

NASDAQ:ADSK opened at $256.90 on Thursday. The company has a fifty day simple moving average of $301.09 and a two-hundred day simple moving average of $298.95. The company has a market cap of $56.48 billion, a price-to-earnings ratio of 43.47, a price-to-earnings-growth ratio of 3.23 and a beta of 1.36. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 1.23. Autodesk, Inc. has a 52 week low of $245.05 and a 52 week high of $344.39.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Monday, November 22nd. The software company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.07. The firm had revenue of $1.13 billion during the quarter, compared to the consensus estimate of $1.12 billion. Autodesk had a net margin of 32.54% and a return on equity of 69.10%. The company’s revenue was up 18.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.69 earnings per share. On average, analysts expect that Autodesk, Inc. will post 2.86 EPS for the current year.

Several analysts have recently commented on ADSK shares. Rosenblatt Securities reduced their price target on shares of Autodesk from $355.00 to $340.00 and set a “buy” rating on the stock in a research report on Wednesday. Zacks Investment Research raised shares of Autodesk from a “sell” rating to a “hold” rating and set a $324.00 price target on the stock in a research report on Wednesday, July 28th. Piper Sandler boosted their target price on Autodesk from $338.00 to $340.00 and gave the company an “overweight” rating in a research report on Wednesday. Morgan Stanley boosted their target price on Autodesk from $324.00 to $344.00 and gave the company an “equal weight” rating in a research report on Wednesday. They noted that the move was a valuation call. Finally, KeyCorp cut their target price on Autodesk from $365.00 to $350.00 and set an “overweight” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $337.00.

Autodesk Company Profile

Autodesk, Inc engages in the design of software and services. Its products include AutoCAD, BIM 360, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, 3ds Max. The firm also offers product development and manufacturing software, which provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions; architecture, engineering, and construction software improves the way buildings, factories, and infrastructure are designed, built, and used; and digital media and entertainment, which consists of tools for digital sculpting, modeling, animation, effects, rendering, and compositing for design visualization, visual effects, and games production.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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