Stephens Investment Management Group LLC increased its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 8.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,859 shares of the software company's stock after buying an additional 3,173 shares during the quarter. Stephens Investment Management Group LLC's holdings in Autodesk were worth $11,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently bought and sold shares of ADSK. New Covenant Trust Company N.A. bought a new stake in Autodesk in the first quarter valued at approximately $25,000. LRI Investments LLC bought a new stake in Autodesk in the first quarter valued at approximately $26,000. Olistico Wealth LLC bought a new stake in Autodesk in the second quarter valued at approximately $26,000. Pacifica Partners Inc. lifted its position in Autodesk by 83.3% in the second quarter. Pacifica Partners Inc. now owns 110 shares of the software company's stock valued at $27,000 after purchasing an additional 50 shares during the last quarter. Finally, Livelsberger Financial Advisory bought a new stake in Autodesk in the third quarter valued at approximately $27,000. Institutional investors own 90.24% of the company's stock.
In other news, Director Mary T. Mcdowell sold 550 shares of the company'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 transaction, the director now directly owns 31,899 shares of the company's stock, valued at $7,916,693.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director Mary T. Mcdowell sold 550 shares of the company'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 transaction, the director now directly owns 31,899 shares of the company's stock, valued at $7,916,693.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Steven M. Blum sold 17,344 shares of the company'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 directly owns 17,099 shares in the company, valued at approximately $4,616,730. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have 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 currently owned by corporate insiders.
Autodesk stock opened at $286.57 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80. The business's fifty day simple moving average is $271.79 and its two-hundred day simple moving average is $245.24. Autodesk, Inc. has a 12 month low of $192.01 and a 12 month high of $294.13. The company has a market capitalization of $61.61 billion, a price-to-earnings ratio of 58.60, a price-to-earnings-growth ratio of 3.67 and a beta of 1.48.
Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.00 by $0.15. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The company's quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.12 earnings per share. As a group, equities analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the company. Morgan Stanley reissued an "overweight" rating and set a $320.00 target price on shares of Autodesk in a research note on Monday, September 30th. HSBC raised Autodesk from a "hold" rating to a "buy" rating and boosted their target price for the company from $242.00 to $299.00 in a research note on Tuesday, September 3rd. The Goldman Sachs Group raised Autodesk from a "sell" rating to a "neutral" rating and boosted their target price for the company from $225.00 to $295.00 in a research note on Tuesday, September 3rd. Rosenblatt Securities boosted their target price on Autodesk from $290.00 to $295.00 and gave the company a "buy" rating in a research note on Friday, August 30th. Finally, Citigroup set a $325.00 target price on Autodesk and gave the company a "buy" rating in a research note on Friday, October 18th. Eight research 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 stock. According to data from MarketBeat, Autodesk has an average rating of "Moderate Buy" and an average target price of $292.95.
View Our Latest Stock Analysis on Autodesk
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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