Brown Advisory Securities LLC Has $314,000 Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Brown Advisory Securities LLC cut its holdings in Autodesk, Inc. (NASDAQ:ADSKGet Rating) by 41.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,458 shares of the software company’s stock after selling 1,014 shares during the quarter. Brown Advisory Securities LLC’s holdings in Autodesk were worth $314,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in Autodesk by 9.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 126,078 shares of the software company’s stock valued at $27,025,000 after acquiring an additional 11,312 shares during the last quarter. M&T Bank Corp lifted its stake in Autodesk by 16.8% in the first quarter. M&T Bank Corp now owns 10,674 shares of the software company’s stock valued at $2,288,000 after acquiring an additional 1,538 shares during the last quarter. Tectonic Advisors LLC lifted its stake in Autodesk by 21.8% in the first quarter. Tectonic Advisors LLC now owns 3,060 shares of the software company’s stock valued at $656,000 after acquiring an additional 548 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in Autodesk in the first quarter valued at approximately $31,412,000. Finally, Curi Wealth Management LLC lifted its stake in Autodesk by 269.7% in the first quarter. Curi Wealth Management LLC now owns 329 shares of the software company’s stock valued at $70,000 after acquiring an additional 240 shares during the last quarter. 89.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ADSK. KeyCorp dropped their price target on shares of Autodesk from $260.00 to $250.00 and set an “overweight” rating on the stock in a research report on Friday, May 27th. Oppenheimer began coverage on shares of Autodesk in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $320.00 price target on the stock. Robert W. Baird lifted their price target on shares of Autodesk from $255.00 to $260.00 in a research report on Friday, May 27th. OTR Global raised shares of Autodesk to a “positive” rating in a research report on Thursday, May 5th. Finally, Citigroup dropped their price target on shares of Autodesk from $264.00 to $258.00 and set a “buy” rating on the stock in a research report on Friday, May 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $261.80.

Insider Activity

In other news, EVP Rebecca Pearce sold 1,608 shares of the business’s stock in a transaction on Tuesday, May 31st. The shares were sold at an average price of $207.86, for a total value of $334,238.88. Following the sale, the executive vice president now owns 19,325 shares in the company, valued at approximately $4,016,894.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Stephen W. Hope sold 327 shares of the company’s stock in a transaction dated Tuesday, July 12th. The shares were sold at an average price of $177.43, for a total transaction of $58,019.61. Following the transaction, the chief accounting officer now owns 4,186 shares in the company, valued at approximately $742,721.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Rebecca Pearce sold 1,608 shares of the company’s stock in a transaction dated Tuesday, May 31st. The stock was sold at an average price of $207.86, for a total transaction of $334,238.88. Following the transaction, the executive vice president now owns 19,325 shares in the company, valued at approximately $4,016,894.50. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

Autodesk Stock Down 0.1 %

ADSK opened at $221.70 on Friday. Autodesk, Inc. has a fifty-two week low of $163.20 and a fifty-two week high of $344.39. The company has a debt-to-equity ratio of 3.35, a current ratio of 0.62 and a quick ratio of 0.62. The firm’s fifty day moving average price is $189.93 and its two-hundred day moving average price is $203.36. The company has a market capitalization of $48.17 billion, a P/E ratio of 100.77 and a beta of 1.53.

Autodesk (NASDAQ:ADSKGet Rating) last posted its quarterly earnings results on Thursday, May 26th. The software company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.10. Autodesk had a net margin of 10.67% and a return on equity of 68.41%. The firm had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. The business’s revenue was up 18.3% compared to the same quarter last year. On average, analysts anticipate that Autodesk, Inc. will post 3.99 EPS for the current year.

Autodesk Company Profile

(Get 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 development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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.

Recommended Stories

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:ADSKGet Rating).

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.