KBC Group NV Has $23.46 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

KBC Group NV decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 10.8% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,264 shares of the software company’s stock after selling 9,991 shares during the period. KBC Group NV’s holdings in Autodesk were worth $23,459,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Autodesk by 13.3% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 40,716 shares of the software company’s stock valued at $11,885,000 after buying an additional 4,769 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in shares of Autodesk by 50.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 23,125 shares of the software company’s stock valued at $6,750,000 after buying an additional 7,708 shares in the last quarter. Brighton Jones LLC bought a new stake in shares of Autodesk in the 2nd quarter valued at approximately $201,000. Greenleaf Trust grew its stake in shares of Autodesk by 19.6% in the 2nd quarter. Greenleaf Trust now owns 4,054 shares of the software company’s stock valued at $1,183,000 after buying an additional 663 shares in the last quarter. Finally, Waters Parkerson & CO. LLC bought a new stake in shares of Autodesk in the 2nd quarter valued at approximately $206,000. Institutional investors own 86.87% of the company’s stock.

In other Autodesk news, CEO Andrew Anagnost sold 4,724 shares of the stock in a transaction on Friday, December 3rd. The stock was sold at an average price of $256.27, for a total transaction of $1,210,619.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Stephen W. Hope sold 197 shares of the stock in a transaction on Tuesday, January 11th. The stock was sold at an average price of $260.47, for a total value of $51,312.59. The disclosure for this sale can be found here. Insiders sold 5,109 shares of company stock valued at $1,311,749 over the last 90 days. 0.11% of the stock is currently owned by corporate insiders.

Several equities research analysts recently commented on ADSK shares. Zacks Investment Research cut Autodesk from a “hold” rating to a “strong sell” rating and set a $216.00 price target for the company. in a research note on Monday, November 29th. Guggenheim reissued a “hold” rating on shares of Autodesk in a research note on Thursday, November 25th. Piper Sandler upped their target price on Autodesk from $338.00 to $340.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 24th. Mizuho decreased their target price on Autodesk from $380.00 to $330.00 and set a “buy” rating for the company in a research report on Wednesday, November 24th. They noted that the move was a valuation call. Finally, Credit Suisse Group decreased their target price on Autodesk from $450.00 to $440.00 and set an “outperform” rating for the company in a research report on Wednesday, November 24th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $333.31.

ADSK opened at $259.10 on Friday. Autodesk, Inc. has a 1-year low of $245.05 and a 1-year high of $344.39. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $56.99 billion, a price-to-earnings ratio of 43.69, a P/E/G ratio of 2.54 and a beta of 1.41. The business has a 50 day moving average of $282.53 and a 200-day moving average of $296.06.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Tuesday, November 23rd. The software company reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.26 by $0.07. The business had revenue of $1.13 billion during the quarter, compared to analyst estimates of $1.12 billion. Autodesk had a return on equity of 51.01% and a net margin of 31.31%. Autodesk’s revenue was up 18.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. Equities analysts predict that Autodesk, Inc. will post 2.93 EPS for the current year.

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.

Featured Story: How a Back-End Load Mutual Fund Works

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.