State Street Corp Buys 288,931 Shares of Autodesk, Inc. (NASDAQ:ADSK)

State Street Corp increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 3.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,808,476 shares of the software company's stock after buying an additional 288,931 shares during the quarter. State Street Corp owned 4.56% of Autodesk worth $2,702,028,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Stevens Capital Management LP grew its position in Autodesk by 46.4% in the third quarter. Stevens Capital Management LP now owns 1,867 shares of the software company's stock valued at $514,000 after purchasing an additional 592 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of Autodesk by 22.8% during the 3rd quarter. Quantinno Capital Management LP now owns 41,613 shares of the software company's stock worth $11,464,000 after buying an additional 7,714 shares during the last quarter. Royal London Asset Management Ltd. grew its holdings in shares of Autodesk by 2.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 475,155 shares of the software company's stock valued at $130,896,000 after acquiring an additional 9,868 shares in the last quarter. Motley Fool Asset Management LLC increased its position in shares of Autodesk by 6.0% in the third quarter. Motley Fool Asset Management LLC now owns 10,119 shares of the software company's stock valued at $2,707,000 after acquiring an additional 574 shares during the last quarter. Finally, IHT Wealth Management LLC increased its position in shares of Autodesk by 7.9% in the third quarter. IHT Wealth Management LLC now owns 2,302 shares of the software company's stock valued at $633,000 after acquiring an additional 168 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Insider Activity at Autodesk

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

Autodesk Stock Performance

Shares of ADSK traded up $2.54 during mid-day trading on Friday, hitting $307.71. 1,377,533 shares of the company's stock were exchanged, compared to its average volume of 1,594,962. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The stock's 50-day simple moving average is $292.44 and its 200-day simple moving average is $259.86. The firm has a market cap of $66.16 billion, a price-to-earnings ratio of 61.05, a price-to-earnings-growth ratio of 3.53 and a beta of 1.43.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS 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 analyst estimates of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company's revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $1.33 EPS. On average, equities research analysts expect that Autodesk, Inc. will post 5.75 EPS for the current year.

Analyst Ratings Changes

ADSK has been the subject of a number of analyst reports. Piper Sandler raised their price target on Autodesk from $257.00 to $311.00 and gave the company a "neutral" rating in a research note on Wednesday, November 27th. Scotiabank initiated coverage on shares of Autodesk in a research note on Monday, November 18th. They issued a "sector outperform" rating and a $360.00 target price 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. Robert W. Baird lifted their price objective on shares of Autodesk from $305.00 to $330.00 and gave the company an "outperform" rating in a research report on Monday, November 18th. Finally, Oppenheimer upped their target price on shares of Autodesk from $300.00 to $350.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $316.68.

About 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.