Autodesk, Inc. (NASDAQ:ADSK) Stake Raised by IFM Investors Pty Ltd

IFM Investors Pty Ltd raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,675 shares of the software company’s stock after acquiring an additional 149 shares during the quarter. IFM Investors Pty Ltd’s holdings in Autodesk were worth $12,858,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in ADSK. Grimes & Company Inc. acquired a new position in shares of Autodesk in the third quarter worth $235,000. International Assets Investment Management LLC grew its stake in Autodesk by 58,375.5% in 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 purchasing an additional 566,826 shares in the last quarter. Greenleaf Trust increased its position in Autodesk by 1.3% in the 3rd quarter. Greenleaf Trust now owns 20,741 shares of the software company’s stock worth $5,714,000 after purchasing an additional 267 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its stake in shares of Autodesk by 36.3% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 1,291 shares of the software company’s stock worth $356,000 after purchasing an additional 344 shares in the last quarter. Finally, Mainsail Financial Group LLC lifted its holdings in shares of Autodesk by 3.9% during the 3rd quarter. Mainsail Financial Group LLC now owns 5,231 shares of the software company’s stock valued at $1,448,000 after buying an additional 197 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on ADSK shares. Citigroup set a $325.00 price objective on Autodesk and gave the stock a “buy” rating in a report on Friday, October 18th. Hsbc Global Res upgraded shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, September 3rd. Piper Sandler raised their price target on shares of Autodesk from $239.00 to $257.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Bank of America upped their price objective on shares of Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Finally, KeyCorp restated an “overweight” rating and set a $305.00 target price on shares of Autodesk in a report on Monday, August 26th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $292.95.

Autodesk Stock Performance

NASDAQ ADSK opened at $285.77 on Friday. The company’s fifty day moving average is $266.78 and its two-hundred day moving average is $242.99. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $294.13. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $61.59 billion, a price-to-earnings ratio of 61.85, a P/E/G ratio of 3.52 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the business earned $1.12 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities research analysts forecast that Autodesk, Inc. will post 5.73 EPS for the current year.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $248.18, for a total value of $136,499.00. Following the sale, the director now owns 31,899 shares of the company’s stock, valued at $7,916,693.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Autodesk news, COO Steven M. Blum sold 17,344 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the completion of the transaction, the chief operating officer now directly owns 17,099 shares in the company, valued at $4,616,730. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $248.18, for a total transaction of $136,499.00. Following the sale, the director now owns 31,899 shares of the company’s stock, valued at $7,916,693.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,280 shares of company stock valued at $5,200,929 over the last ninety days. 0.14% of the stock is owned by company insiders.

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.