Victory Capital Management Inc. holds a $28.21 million position in Autodesk, Inc. (NASDAQ: ADSK)


Victory Capital Management Inc. raised its position in Autodesk, Inc. (NASDAQ: ADSKGet a rating) by 6.6% during the first quarter, HoldingsChannel.com reports. The institutional investor held 149,061 shares of the software company after purchasing an additional 9,238 shares during the period. Victory Capital Management Inc.’s holdings in Autodesk were worth $28,214,000 when it last filed with the Securities and Exchange Commission (SEC).

Several other large investors have also recently increased or reduced their stake in the company. Curi Wealth Management LLC acquired a new position in Autodesk stock in the fourth quarter worth about $25,000. Hanson & Doremus Investment Management increased its position in Autodesk shares by 1,136.4% during the 1st quarter. Hanson & Doremus Investment Management now owns 136 shares of the software company worth $29,000 after buying 125 more shares in the last quarter. Bank of New Hampshire bought a new position in shares of Autodesk during the first quarter for a value of approximately $33,000. CVA Family Office LLC increased its position in Autodesk shares by 81.4% in the first quarter. CVA Family Office LLC now owns 156 shares of the software company valued at $33,000 after buying 70 additional shares in the last quarter. Finally, AHL Investment Management Inc. purchased a new equity stake in Autodesk in the fourth quarter valued at approximately $34,000. Institutional investors hold 89.55% of the company’s shares.

Insider Activity at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 1,608 shares of the company in a transaction that took place 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 completion of the transaction, the executive vice president now owns 19,325 shares of the company, valued at approximately $4,016,894.50. The transaction was disclosed in a document filed with the SEC, accessible via the SEC website. In other news, EVP Rebecca Pearce sold 1,608 shares 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 completion of the sale, the executive vice president now directly owns 19,325 shares of the company, valued at $4,016,894.50. The transaction was disclosed in an SEC filing, available at this link. Additionally, CAO Stephen W. Hope sold 327 shares of the company in a trade on Tuesday, July 12. The shares were sold at an average price of $177.43, for a total transaction of $58,019.61. Following completion of the transaction, the chief accounting officer now owns 4,186 shares of the company, valued at approximately $742,721.98. Disclosure of this sale can be found here. 0.11% of the shares are currently held by insiders of the company.

Autodesk Price Performance

ADSK Action opened at $216.18 on Wednesday. The company has a market capitalization of $46.97 billion, a P/E ratio of 98.26 and a beta of 1.53. The company has a fifty-day moving average price of $188.48 and a 200-day moving average price of $203.73. The company has a debt ratio of 3.35, a quick ratio of 0.62 and a current ratio of 0.62. Autodesk, Inc. has a 52-week low of $163.20 and a 52-week high of $344.39.

Autodesk (NASDAQ: ADSKGet a rating) last announced its results on Thursday, May 26. The software company reported earnings per share (EPS) of $0.87 for the quarter, beating the consensus estimate of $0.77 by $0.10. Autodesk had a return on equity of 68.41% and a net margin of 10.67%. The company posted revenue of $1.17 billion in the quarter, compared to analysts’ estimates of $1.15 billion. During the same period last year, the company achieved EPS of $1.03. Autodesk’s revenue for the quarter increased 18.3% compared to the same quarter last year. As a group, stock analysts expect Autodesk, Inc. to post EPS of 3.99 for the current year.

A Wall Street analyst gives his opinion

Several equity analysts weighed in on ADSK shares. Robert W. Baird raised his price target on Autodesk from $255.00 to $260.00 in a Friday, May 27 report. Deutsche Bank Aktiengesellschaft cut Autodesk shares from a ‘buy’ to a ‘hold’ rating and lowered its price target for the stock from $275.00 to $225.00 in a research report Monday, May 23. Stifel Nicolaus lowered his price target on Autodesk shares from $285.00 to $230.00 and set a “buy” rating for the company in a research report on Monday, May 23. Barclays cut its price target on Autodesk shares from $230.00 to $216.00 and set an “overweight” rating on the stock in a Friday, May 27 research report. Finally, Goldman Sachs Group lowered its price target on Autodesk shares from $210.00 to $185.00 and set a “sell” rating for the company in a Tuesday, May 31 research report. One analyst gave the stock a sell rating, four gave the company a hold rating and sixteen gave the company a buy rating. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $264.00.

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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