National Pension Service Boosts Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

by · The Cerbat Gem

National Pension Service boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 10.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 629,402 shares of the software company’s stock after purchasing an additional 61,622 shares during the quarter. National Pension Service owned approximately 0.29% of Autodesk worth $173,388,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ADSK. New Covenant Trust Company N.A. bought a new stake in shares of Autodesk in the 1st quarter valued at approximately $25,000. LRI Investments LLC bought a new stake in shares of Autodesk in the 1st quarter valued at approximately $26,000. Livelsberger Financial Advisory bought a new stake in shares of Autodesk in the 3rd quarter valued at approximately $27,000. Concord Wealth Partners bought a new stake in shares of Autodesk in the 3rd quarter valued at approximately $28,000. Finally, Olistico Wealth LLC bought a new stake in shares of Autodesk in the 2nd quarter valued at approximately $26,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Trading Up 0.4 %

Shares of NASDAQ:ADSK opened at $287.62 on Tuesday. The stock has a market capitalization of $61.84 billion, a price-to-earnings ratio of 58.82, a PEG ratio of 3.60 and a beta of 1.47. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The stock’s 50-day simple moving average is $272.41 and its two-hundred day simple moving average is $246.11. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $294.13.

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

Analyst Ratings Changes

ADSK has been the subject of a number of recent research reports. Mizuho set a $260.00 price objective on Autodesk in a research note on Friday, October 18th. Berenberg Bank upped their price objective on Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. HSBC upgraded Autodesk from a “hold” rating to a “buy” rating and upped their price objective for the stock from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Citigroup set a $325.00 price objective on Autodesk and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, Royal Bank of Canada boosted their price target on Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $292.95.

Get Our Latest Report on Autodesk

Insider Transactions at Autodesk

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

Autodesk Company Profile

(Free Report)

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.

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