Empowered Funds LLC Has $1.90 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Empowered Funds LLC boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 35.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,438 shares of the software company's stock after buying an additional 1,695 shares during the period. Empowered Funds LLC's holdings in Autodesk were worth $1,903,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in ADSK. State Street Corp increased its position in Autodesk by 3.0% during the third quarter. State Street Corp now owns 9,808,476 shares of the software company's stock worth $2,702,028,000 after acquiring an additional 288,931 shares during the period. FMR LLC increased its holdings 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 worth $1,557,454,000 after purchasing an additional 46,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Autodesk by 2.7% during the third 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 valued at $657,292,000 after buying an additional 61,785 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Autodesk by 12.6% in the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock valued at $603,947,000 after buying an additional 245,816 shares during the period. Finally, Starboard Value LP acquired a new stake in Autodesk during the third quarter worth about $510,189,000. 90.24% of the stock is owned by institutional investors.

Autodesk Trading Up 1.2 %

ADSK stock traded up $3.48 during trading on Wednesday, hitting $299.14. The company had a trading volume of 1,076,798 shares, compared to its average volume of 1,347,504. The firm has a 50-day moving average price of $299.16 and a 200-day moving average price of $284.71. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a market cap of $64.31 billion, a price-to-earnings ratio of 59.35, a PEG ratio of 3.12 and a beta of 1.43.

Autodesk (NASDAQ:ADSK - Get Free Report) last released 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 company had revenue of $1.57 billion during 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 firm's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.33 earnings per share. As a group, analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on ADSK. Rosenblatt Securities upped their price target on Autodesk from $295.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. BMO Capital Markets boosted their price objective on Autodesk from $287.00 to $308.00 and gave the company a "market perform" rating in a research report on Wednesday, November 27th. Wells Fargo & Company raised their target price on Autodesk from $340.00 to $350.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Hsbc Global Res lowered shares of Autodesk from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. Finally, Robert W. Baird increased their price objective on shares of Autodesk from $330.00 to $345.00 and gave the company an "outperform" rating in a research note on Wednesday. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat, Autodesk presently has a consensus rating of "Moderate Buy" and a consensus target price of $334.45.

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.