Citizens Financial Group Inc. RI Makes New $251,000 Investment in Autodesk, Inc. (NASDAQ:ADSK)

Citizens Financial Group Inc. RI bought a new position in Autodesk, Inc. (NASDAQ:ADSK) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 962 shares of the software company’s stock, valued at approximately $251,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of Autodesk by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 19,402,242 shares of the software company’s stock worth $5,052,732,000 after buying an additional 363,565 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its stake in Autodesk by 263.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company’s stock valued at $1,639,279,000 after purchasing an additional 4,563,668 shares during the last quarter. FIL Ltd lifted its stake in Autodesk by 19.6% in the fourth quarter. FIL Ltd now owns 2,921,044 shares of the software company’s stock valued at $711,216,000 after purchasing an additional 479,559 shares during the last quarter. Brown Advisory Inc. lifted its stake in Autodesk by 12.9% in the fourth quarter. Brown Advisory Inc. now owns 2,859,954 shares of the software company’s stock valued at $696,342,000 after purchasing an additional 327,144 shares during the last quarter. Finally, Norges Bank purchased a new position in Autodesk in the fourth quarter valued at approximately $619,404,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 4.3 %

Shares of NASDAQ:ADSK opened at $231.37 on Friday. The stock’s 50-day moving average price is $235.54 and its 200-day moving average price is $240.21. Autodesk, Inc. has a 12-month low of $192.01 and a 12-month high of $279.53. The stock has a market capitalization of $49.86 billion, a P/E ratio of 50.08, a price-to-earnings-growth ratio of 3.23 and a beta of 1.48. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.06.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.10. Autodesk had a return on equity of 65.46% and a net margin of 17.66%. The firm had revenue of $1.42 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the firm earned $1.55 earnings per share. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. On average, equities analysts anticipate that Autodesk, Inc. will post 5.55 earnings per share for the current year.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $253.33, for a total transaction of $139,331.50. Following the completion of the sale, the director now directly owns 31,016 shares in the company, valued at $7,857,283.28. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, COO Steven M. Blum sold 19,693 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $250.00, for a total transaction of $4,923,250.00. Following the completion of the sale, the chief operating officer now directly owns 34,443 shares in the company, valued at $8,610,750. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $253.33, for a total transaction of $139,331.50. Following the completion of the sale, the director now owns 31,016 shares of the company’s stock, valued at $7,857,283.28. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 39,381 shares of company stock worth $9,401,282. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ADSK. StockNews.com downgraded Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. Barclays dropped their price objective on Autodesk from $310.00 to $275.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 12th. Robert W. Baird dropped their price objective on Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 29th. Piper Sandler reiterated a “neutral” rating and issued a $239.00 price objective on shares of Autodesk in a research note on Wednesday, June 12th. Finally, Stifel Nicolaus dropped their target price on Autodesk from $316.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $262.42.

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.