Sentry Investment Management LLC Lowers Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Sentry Investment Management LLC lowered its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 9.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,122 shares of the software company’s stock after selling 120 shares during the period. Sentry Investment Management LLC’s holdings in Autodesk were worth $273,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new stake in Autodesk in the 4th quarter valued at approximately $426,374,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Autodesk by 480.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 1,785,264 shares of the software company’s stock valued at $371,621,000 after buying an additional 1,477,770 shares in the last quarter. Meritage Group LP acquired a new position in Autodesk during the third quarter worth $170,972,000. Los Angeles Capital Management LLC raised its position in Autodesk by 4,112.0% in the third quarter. Los Angeles Capital Management LLC now owns 446,047 shares of the software company’s stock worth $92,292,000 after acquiring an additional 435,457 shares in the last quarter. Finally, Baillie Gifford & Co. grew its position in shares of Autodesk by 48.0% in the fourth quarter. Baillie Gifford & Co. now owns 1,322,121 shares of the software company’s stock valued at $321,910,000 after purchasing an additional 429,071 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. BMO Capital Markets raised their price target on Autodesk from $232.00 to $293.00 and gave the stock a “market perform” rating in a research report on Friday, March 1st. Barclays raised their target price on shares of Autodesk from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $316.00 target price on shares of Autodesk in a research note on Friday. TheStreet upgraded Autodesk from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Finally, Oppenheimer increased their price objective on shares of Autodesk from $265.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.44.

Insider Activity

In other Autodesk news, Director Stacy J. Smith sold 7,554 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $244.00, for a total value of $1,843,176.00. Following the completion of the transaction, the director now owns 19,934 shares in the company, valued at approximately $4,863,896. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Autodesk news, Director Stacy J. Smith sold 7,554 shares of the business’s stock in a transaction on Friday, January 19th. The stock was sold at an average price of $244.00, for a total transaction of $1,843,176.00. Following the completion of the transaction, the director now owns 19,934 shares in the company, valued at approximately $4,863,896. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Anagnost sold 21,053 shares of Autodesk stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the sale, the chief executive officer now owns 105,213 shares in the company, valued at $27,354,327.87. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,220 shares of company stock valued at $11,933,231. 0.14% of the stock is currently owned by company insiders.

Autodesk Stock Down 3.1 %

NASDAQ:ADSK opened at $229.62 on Tuesday. The company has a market capitalization of $49.12 billion, a price-to-earnings ratio of 54.54, a price-to-earnings-growth ratio of 3.26 and a beta of 1.43. The stock has a 50-day simple moving average of $255.26 and a 200 day simple moving average of $235.08. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82. Autodesk, Inc. has a one year low of $188.38 and a one year high of $279.53.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.95 by $0.14. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 EPS. Sell-side analysts predict that Autodesk, Inc. will post 5.38 EPS 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.