Glenmede Trust Co. NA Sells 5,224 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Glenmede Trust Co. NA reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 20.0% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 20,946 shares of the software company’s stock after selling 5,224 shares during the quarter. Glenmede Trust Co. NA’s holdings in Autodesk were worth $5,770,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ADSK. LRI Investments LLC purchased a new stake in shares of Autodesk in the first quarter worth approximately $26,000. Cetera Investment Advisers raised its position in Autodesk by 163.4% in the 1st quarter. Cetera Investment Advisers now owns 61,574 shares of the software company’s stock valued at $16,035,000 after buying an additional 38,196 shares during the last quarter. Cetera Advisors LLC lifted its stake in Autodesk by 567.2% during the 1st quarter. Cetera Advisors LLC now owns 20,235 shares of the software company’s stock valued at $5,269,000 after acquiring an additional 17,202 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Autodesk by 83.5% during the 2nd quarter. GAMMA Investing LLC now owns 3,669 shares of the software company’s stock worth $908,000 after acquiring an additional 1,670 shares during the last quarter. Finally, DNB Asset Management AS grew its stake in shares of Autodesk by 7.4% in the 2nd quarter. DNB Asset Management AS now owns 35,832 shares of the software company’s stock worth $8,867,000 after acquiring an additional 2,458 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Insider Activity

In other Autodesk news, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the sale, the chief accounting officer now directly owns 4,879 shares in the company, valued at $1,340,944.36. The trade was a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the transaction, the director now directly owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,936 shares of company stock worth $549,333 in the last three months. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Up 0.4 %

Shares of NASDAQ ADSK opened at $291.90 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market cap of $62.76 billion, a P/E ratio of 57.92, a P/E/G ratio of 3.71 and a beta of 1.47. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The business has a 50-day simple moving average of $289.93 and a two-hundred day simple moving average of $257.88.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. Autodesk’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business earned $1.33 earnings per share. Research analysts anticipate that Autodesk, Inc. will post 5.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ADSK has been the topic of several analyst reports. HSBC cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a report on Friday. Morgan Stanley boosted their target price on Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Robert W. Baird upped their target price on Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Bank of America lifted their price target on Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Finally, Rosenblatt Securities upped their price objective on Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $315.10.

Autodesk 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.