Wilmington Savings Fund Society FSB Invests $4.75 Million in Autodesk, Inc. (NASDAQ:ADSK)

Wilmington Savings Fund Society FSB bought a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 17,245 shares of the software company's stock, valued at approximately $4,751,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ADSK. State Street Corp grew its stake in shares of Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company's stock valued at $2,702,028,000 after buying an additional 288,931 shares during the period. FMR LLC grew its stake in shares of Autodesk by 0.8% during the 3rd quarter. FMR LLC now owns 5,653,602 shares of the software company's stock valued at $1,557,454,000 after buying an additional 46,069 shares during the period. Ninety One UK Ltd grew its stake in shares of Autodesk by 28.0% during the 2nd quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company's stock valued at $1,255,054,000 after buying an additional 1,108,973 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Autodesk by 2.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company's stock worth $657,292,000 after purchasing an additional 61,785 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Autodesk by 12.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock worth $603,947,000 after purchasing an additional 245,816 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of research reports. Macquarie initiated coverage on shares of Autodesk in a research report on Thursday. They set an "outperform" rating and a $380.00 price target for the company. UBS Group initiated coverage on shares of Autodesk in a research report on Monday, December 2nd. They set a "buy" rating and a $350.00 price target for the company. Royal Bank of Canada upped their price target on shares of Autodesk from $290.00 to $313.00 and gave the stock an "outperform" rating in a research report on Friday, August 30th. KeyCorp boosted their price objective on shares of Autodesk from $325.00 to $330.00 and gave the stock an "overweight" rating in a report on Wednesday, November 20th. Finally, Mizuho boosted their price objective on shares of Autodesk from $260.00 to $280.00 and gave the stock a "neutral" rating in a report on Wednesday, November 27th. Ten research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $323.05.

Insiders Place Their Bets

In related news, Director Mary T. Mcdowell sold 550 shares of the firm's stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the transaction, the director now owns 30,249 shares of the company's stock, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the firm's stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the transaction, the chief accounting officer now directly owns 4,879 shares of the company's stock, valued at $1,340,944.36. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,936 shares of company stock worth $549,333. 0.14% of the stock is owned by insiders.

Autodesk Stock Performance

ADSK traded down $4.90 on Friday, hitting $304.44. 441,778 shares of the company's stock were exchanged, compared to its average volume of 1,584,182. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market cap of $65.45 billion, a PE ratio of 61.38, a P/E/G ratio of 3.62 and a beta of 1.43. The stock has a fifty day moving average of $296.11 and a two-hundred day moving average of $262.96.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping 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%. Autodesk's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.33 EPS. On average, research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

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.