Diversified Trust Co increases its stake in Autodesk, Inc. (NASDAQ: ADSK)


Diversified Trust Co increased its equity stake in Autodesk, Inc. (NASDAQ: ADSKGet a rating) by 89.5% in the first quarter, HoldingsChannel reports. The fund held 2,374 shares of the software company after acquiring an additional 1,121 shares during the period. Diversified Trust Co’s holdings in Autodesk were worth $509,000 when it last filed with the SEC.

Other hedge funds and other institutional investors also changed their stakes in the company. Norges Bank bought a new position in Autodesk in the fourth quarter worth approximately $1,504,904,000. Brown Advisory Inc. increased its stake in Autodesk by 18.3% in the fourth quarter. Brown Advisory Inc. now owns 5,839,301 shares of the software company worth $1,641,953,000 after purchasing an additional 902,168 shares in the last quarter. Castleview Partners LLC bought a new position in Autodesk in the fourth quarter worth approximately $3,181,000. Liontrust Investment Partners LLP bought a new position in Autodesk in the third quarter worth approximately $233,355,000. Finally, Allspring Global Investments Holdings LLC bought a new position in Autodesk in the fourth quarter worth approximately $123,224,000. 89.55% of the shares are held by institutional investors.

ADSK has been the subject of several recent analyst reports. KeyCorp lowered its price target on Autodesk shares from $260.00 to $250.00 and set an “overweight” rating for the company in a report released Friday, May 27. JPMorgan Chase & Co. cut its price target on Autodesk shares from $355.00 to $275.00 and set an “overweight” rating for the company in a Friday, Feb. 25 report. Royal Bank of Canada lowered its price target on Autodesk shares from $295.00 to $255.00 in a Monday, May 23 report. Piper Sandler cut her price target on Autodesk shares from $298.00 to $242.00 and set an “overweight” rating for the company in a Friday, May 27 report. Finally, Mizuho reissued a “buy” rating and set a price target of $250.00 on Autodesk shares in a Friday, May 27 report. One equity research analyst has assigned the stock a sell rating, three have issued a hold rating and sixteen have assigned the stock a buy rating. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $263.74.

In related news, CAD Stephen W. Hope sold 1,626 shares of the company in a trade on Monday, March 28. The shares were sold at an average price of $212.30, for a total transaction of $345,199.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Also, VPE Rebecca Pearce sold 1,608 shares of the company in a trade on Tuesday, May 31. The shares were sold at an average price of $207.86, for a total transaction of $334,238.88. Following the transaction, the executive vice president now directly owns 19,325 shares of the company, valued at $4,016,894.50. Disclosure of this sale can be found here. In the past three months, insiders have sold 5,113 shares of the company valued at $1,078,554. Company insiders hold 0.11% of the company’s shares.

Shares of NASDAQ ADSK opened at $169.15 on Thursday. The company has a fifty-day moving average price of $191.20 and a 200-day moving average price of $221.53. The company has a debt ratio of 3.35, a current ratio of 0.62 and a quick ratio of 0.62. The stock has a market capitalization of $36.75 billion, a PE ratio of 76.89 and a beta of 1.43. Autodesk, Inc. has a 1-year minimum of $163.20 and a 1-year maximum of $344.39.

Autodesk (NASDAQ: ADSKGet a rating) last reported quarterly earnings data on Thursday, May 26. The software company reported earnings per share (EPS) of $1.43 for the quarter, beating analyst consensus estimates of $1.34 by $0.09. The company posted revenue of $1.17 billion in the quarter, compared to $1.15 billion expected by analysts. Autodesk had a net margin of 10.67% and a return on equity of 68.41%. The company’s revenue for the quarter increased by 18.3% compared to the same quarter last year. In the same period a year earlier, the company posted earnings per share of $1.03. On average, research analysts expect Autodesk, Inc. to post EPS of 3.97 for the current year.

Autodesk Profile (Get a rating)

Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land, transportation, and environmental projects; BIM 360, a cloud-based construction management software; AutoCAD, professional design, drafting, detailing, and visualization software; AutoCAD LT, drafting and detailing software; computer aided manufacturing (CAM) software for computer numerical control machining, inspection and modeling for manufacturing; Fusion 360, a 3D CAD, CAM and computer-aided engineering tool; and industry collections tools for professionals in the architecture, engineering and construction, product design and manufacturing, and media and entertainment collections industries.

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Want to see which other hedge funds hold ADSK? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Autodesk, Inc. (NASDAQ: ADSKGet a rating).

Institutional ownership by quarter for Autodesk (NASDAQ:ADSK)



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