Janus Henderson Group PLC Grows Position in Autodesk, Inc. (NASDAQ:ADSK)

Janus Henderson Group PLC raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 3.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,535,538 shares of the software company's stock after purchasing an additional 56,945 shares during the quarter. Janus Henderson Group PLC owned 0.71% of Autodesk worth $423,010,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Mather Group LLC. raised its stake in shares of Autodesk by 18.3% in the second quarter. Mather Group LLC. now owns 2,214 shares of the software company's stock valued at $577,000 after acquiring an additional 342 shares during the last quarter. Harbor Capital Advisors Inc. raised its position in Autodesk by 4.8% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,148 shares of the software company's stock worth $779,000 after purchasing an additional 144 shares during the last quarter. Linden Thomas Advisory Services LLC raised its position in Autodesk by 11.0% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 3,704 shares of the software company's stock worth $917,000 after purchasing an additional 368 shares during the last quarter. Valeo Financial Advisors LLC raised its position in Autodesk by 27.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,763 shares of the software company's stock worth $436,000 after purchasing an additional 383 shares during the last quarter. Finally, Pacifica Partners Inc. raised its position in 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 last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have commented on ADSK shares. BMO Capital Markets lifted their target price on shares of Autodesk from $287.00 to $308.00 and gave the stock a "market perform" rating in a report on Wednesday, November 27th. Wells Fargo & Company boosted their price target on shares of Autodesk from $340.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Citigroup boosted their price target on shares of Autodesk from $358.00 to $361.00 and gave the company a "buy" rating in a report on Friday, November 29th. DA Davidson initiated coverage on shares of Autodesk in a report on Friday, September 27th. They issued a "neutral" rating and a $260.00 price target for the company. Finally, The Goldman Sachs Group raised shares of Autodesk from a "sell" rating to a "neutral" rating and boosted their price target for the company from $225.00 to $295.00 in a report on Tuesday, September 3rd. Ten 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 has an average rating of "Moderate Buy" and a consensus price target of $316.68.

Autodesk Trading Up 1.8 %

ADSK traded up $5.27 during trading on Wednesday, hitting $304.23. The company's stock had a trading volume of 1,528,652 shares, compared to its average volume of 1,596,816. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock's fifty day moving average price is $291.81 and its 200-day moving average price is $259.55. The firm has a market capitalization of $65.41 billion, a P/E ratio of 60.36, a PEG ratio of 3.50 and a beta of 1.43.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the firm earned $1.33 earnings per share. The company's revenue was up 11.0% compared to the same quarter last year. Analysts anticipate that Autodesk, Inc. will post 5.75 EPS for the current year.

Insider Activity at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 286 shares of the company's 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 completion of the transaction, the chief accounting officer now owns 4,879 shares in the company, valued at $1,340,944.36. This represents a 5.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the company's stock in a transaction 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 $9,227,759.94. This trade represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,936 shares of company stock valued at $549,333. 0.14% of the stock is owned by insiders.

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.