Baldwin Investment Management LLC Decreases Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Baldwin Investment Management LLC reduced its position in Autodesk, Inc. (NASDAQ:ADSK) by 33.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,732 shares of the software company’s stock after selling 1,863 shares during the quarter. Baldwin Investment Management LLC’s holdings in Autodesk were worth $1,028,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in ADSK. Thematics Asset Management raised its stake in Autodesk by 14.4% in the third quarter. Thematics Asset Management now owns 59,611 shares of the software company’s stock valued at $16,422,000 after buying an additional 7,500 shares during the last quarter. Avestar Capital LLC increased its stake in Autodesk by 10.3% during the 3rd quarter. Avestar Capital LLC now owns 2,464 shares of the software company’s stock valued at $679,000 after purchasing an additional 230 shares in the last quarter. Brooklyn Investment Group raised its holdings in shares of Autodesk by 19.0% in the third quarter. Brooklyn Investment Group now owns 1,465 shares of the software company’s stock worth $404,000 after buying an additional 234 shares during the last quarter. D.A. Davidson & CO. lifted its stake in shares of Autodesk by 1.2% during the third quarter. D.A. Davidson & CO. now owns 101,297 shares of the software company’s stock worth $27,905,000 after buying an additional 1,212 shares during the period. Finally, FMR LLC raised its stake in Autodesk by 0.8% in the 3rd quarter. FMR LLC now owns 5,653,602 shares of the software company’s stock worth $1,557,454,000 after acquiring an additional 46,069 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the sale, the director now owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the transaction, the chief accounting officer now directly owns 4,879 shares in the company, valued at $1,340,944.36. This trade represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,280 shares of company stock valued at $5,232,213. Corporate insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on ADSK shares. Rosenblatt Securities lifted their price objective on shares of Autodesk from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Robert W. Baird upped their price target on shares of Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Stifel Nicolaus lifted their price objective on Autodesk from $320.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, November 15th. KeyCorp upped their target price on Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Finally, Barclays raised their target price on Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $309.43.

Autodesk Price Performance

Shares of Autodesk stock opened at $317.96 on Wednesday. The stock has a market capitalization of $68.36 billion, a P/E ratio of 65.02, a PEG ratio of 4.10 and a beta of 1.47. The business has a 50 day simple moving average of $288.49 and a two-hundred day simple moving average of $256.59. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the company earned $1.33 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. As a group, analysts predict that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

About Autodesk

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.