Autodesk, Inc. (NASDAQ:ADSK) Stock Position Decreased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 16,676 shares of the software company’s stock after selling 862 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Autodesk were worth $4,929,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ADSK. Starboard Value LP acquired a new stake in shares of Autodesk in the 3rd quarter worth approximately $510,189,000. Point72 Asset Management L.P. raised its holdings in shares of Autodesk by 366.5% during the second quarter. Point72 Asset Management L.P. now owns 843,040 shares of the software company’s stock valued at $208,610,000 after acquiring an additional 662,339 shares during the period. International Assets Investment Management LLC raised its holdings in shares of Autodesk by 58,375.5% during the third quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company’s stock valued at $1,564,170,000 after acquiring an additional 566,826 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Autodesk by 394.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock valued at $156,296,000 after buying an additional 452,728 shares during the period. Finally, Marshall Wace LLP increased its stake in Autodesk by 818.3% in the 2nd quarter. Marshall Wace LLP now owns 458,337 shares of the software company’s stock valued at $113,415,000 after buying an additional 408,424 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Trading Up 0.5 %

Shares of Autodesk stock opened at $291.45 on Tuesday. The stock has a market capitalization of $62.66 billion, a P/E ratio of 57.83, a price-to-earnings-growth ratio of 3.36 and a beta of 1.42. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a 50-day simple moving average of $300.44 and a 200 day simple moving average of $275.79. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.05. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company posted $1.33 EPS. Research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have commented on ADSK shares. Scotiabank started coverage on shares of Autodesk in a research report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 target price for the company. DA Davidson started coverage on shares of Autodesk in a research report on Friday, September 27th. They issued a “neutral” rating and a $260.00 target price for the company. Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Wells Fargo & Company upped their price objective on shares of Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Macquarie started coverage on shares of Autodesk in a report on Thursday, December 12th. They set an “outperform” rating and a $380.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $326.05.

Insider Activity

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the transaction, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.14% of the company’s stock.

Autodesk Company 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.