Erste Asset Management GmbH Acquires New Shares in Autodesk, Inc. (NASDAQ:ADSK)

Erste Asset Management GmbH acquired a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 73,581 shares of the software company's stock, valued at approximately $20,087,000.

Other institutional investors have also recently bought and sold shares of the company. LRI Investments LLC bought a new position in Autodesk during the first quarter valued at about $26,000. Olistico Wealth LLC purchased a new stake in shares of Autodesk during the 2nd quarter worth approximately $26,000. Pacifica Partners Inc. raised its holdings in shares of Autodesk by 83.3% in the 2nd quarter. Pacifica Partners Inc. now owns 110 shares of the software company's stock worth $27,000 after purchasing an additional 50 shares during the period. Livelsberger Financial Advisory purchased a new position in Autodesk in the third quarter valued at approximately $27,000. Finally, Concord Wealth Partners bought a new position in Autodesk during the third quarter valued at $28,000. Institutional investors own 90.24% of the company's stock.

Insiders Place Their Bets

In other news, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction that occurred on Monday, September 30th. The shares were 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 in the company, valued at approximately $1,340,944.36. This trade represents a 5.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the company's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the sale, the director now owns 31,349 shares in the company, valued at $8,323,159.50. The trade was a 1.72 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,936 shares of company stock worth $549,333. 0.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ADSK shares. Berenberg Bank increased their price target on Autodesk from $286.00 to $299.00 and gave the stock a "hold" rating in a research note on Friday, August 30th. Hsbc Global Res downgraded shares of Autodesk from a "strong-buy" rating to a "hold" rating in a report on Friday. The Goldman Sachs Group upgraded Autodesk from a "sell" rating to a "neutral" rating and upped their target price for the stock from $225.00 to $295.00 in a research note on Tuesday, September 3rd. Royal Bank of Canada lifted their price objective on shares of Autodesk from $290.00 to $313.00 and gave the stock an "outperform" rating in a report on Friday, August 30th. Finally, Piper Sandler raised their price target on Autodesk from $257.00 to $311.00 and gave the company a "neutral" rating in a research report on Wednesday. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to MarketBeat, Autodesk presently has a consensus rating of "Moderate Buy" and an average price target of $315.10.

Autodesk Trading Up 0.4 %

Shares of ADSK stock traded up $1.26 during trading hours on Friday, reaching $291.90. The company's stock had a trading volume of 1,317,760 shares, compared to its average volume of 1,590,556. The company has a current ratio of 0.65, a quick ratio of 0.64 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The stock has a market capitalization of $62.76 billion, a P/E ratio of 57.92, a P/E/G ratio of 3.73 and a beta of 1.47. The firm's fifty day simple moving average is $289.93 and its 200 day simple moving average is $257.88.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping analysts' consensus estimates of $2.12 by $0.05. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business's revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.33 EPS. Equities research analysts expect that Autodesk, Inc. will post 5.79 EPS for the current year.

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.