Autodesk, Inc. (ADSK) Shares Bought by Sumitomo Mitsui Asset Management Company LTD

Sumitomo Mitsui Asset Management Company LTD lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 6.0% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,467 shares of the software company’s stock after acquiring an additional 874 shares during the quarter. Sumitomo Mitsui Asset Management Company LTD’s holdings in Autodesk were worth $2,410,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of ADSK. Sontag Advisory LLC purchased a new stake in shares of Autodesk in the 4th quarter valued at approximately $25,000. First Manhattan Co. lifted its position in shares of Autodesk by 221.2% in the 1st quarter. First Manhattan Co. now owns 167 shares of the software company’s stock valued at $26,000 after acquiring an additional 115 shares in the last quarter. Clean Yield Group acquired a new position in Autodesk in the 4th quarter valued at approximately $30,000. Berman Capital Advisors LLC acquired a new position in Autodesk in the 4th quarter valued at approximately $30,000. Finally, Liberty Wealth Management LLC acquired a new position in Autodesk in the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 95.60% of the company’s stock.

In related news, Director Crawford W. Beveridge sold 1,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $152.90, for a total value of $152,900.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Fronzo Pascal W. Di sold 8,839 shares of the firm’s stock in a transaction on Monday, February 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,458,435.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 58,577 shares of company stock worth $9,509,716. 0.12% of the stock is currently owned by company insiders.

Shares of ADSK opened at $174.33 on Friday. Autodesk, Inc. has a 12 month low of $117.72 and a 12 month high of $178.95. The firm has a market cap of $38.38 billion, a PE ratio of 1,584.82, a price-to-earnings-growth ratio of 2.60 and a beta of 1.95.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, February 28th. The software company reported $0.20 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The business had revenue of $737.30 million for the quarter, compared to analyst estimates of $707.09 million. During the same quarter last year, the company earned ($0.09) EPS. Research analysts forecast that Autodesk, Inc. will post 1.76 earnings per share for the current year.

ADSK has been the topic of several research reports. Zacks Investment Research lowered shares of Autodesk from a “hold” rating to a “sell” rating in a research note on Wednesday, January 23rd. BidaskClub upgraded shares of Autodesk from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. Deutsche Bank upped their price objective on shares of Autodesk to $180.00 and gave the company a “buy” rating in a research note on Thursday, February 21st. Royal Bank of Canada upped their price objective on shares of Autodesk from $163.00 to $175.00 and gave the company an “outperform” rating in a research note on Monday, February 25th. Finally, KeyCorp upped their price objective on shares of Autodesk from $168.00 to $184.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $173.49.

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Autodesk Company Profile

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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