Czech National Bank Has $13.78 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Czech National Bank raised its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 6.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 46,617 shares of the software company's stock after purchasing an additional 2,729 shares during the quarter. Czech National Bank's holdings in Autodesk were worth $13,779,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Graypoint LLC increased its stake in Autodesk by 3.1% during the 4th quarter. Graypoint LLC now owns 3,937 shares of the software company's stock valued at $1,164,000 after buying an additional 119 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in shares of Autodesk by 0.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 17,045 shares of the software company's stock valued at $4,696,000 after acquiring an additional 106 shares during the period. Baker Tilly Wealth Management LLC raised its holdings in Autodesk by 2.4% during the fourth quarter. Baker Tilly Wealth Management LLC now owns 4,844 shares of the software company's stock worth $1,432,000 after purchasing an additional 112 shares in the last quarter. First Hawaiian Bank lifted its position in Autodesk by 1.6% in the fourth quarter. First Hawaiian Bank now owns 13,261 shares of the software company's stock worth $3,920,000 after purchasing an additional 205 shares during the period. Finally, Fulton Bank N.A. acquired a new position in shares of Autodesk during the 4th quarter valued at $211,000. Institutional investors own 90.24% of the company's stock.

Insider Activity at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the company's stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares in the company, valued at $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

Analysts Set New Price Targets

ADSK has been the subject of several research analyst reports. Mizuho upped their price objective on Autodesk from $260.00 to $280.00 and gave the company a "neutral" rating in a report on Wednesday, November 27th. Rosenblatt Securities raised their price objective on shares of Autodesk from $295.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Wells Fargo & Company boosted their target price on shares of Autodesk from $340.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Barclays raised their target price on shares of Autodesk from $310.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Finally, Morgan Stanley increased their price objective on Autodesk from $320.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $326.05.

Autodesk Stock Up 0.7 %

ADSK stock traded up $2.05 during trading hours on Tuesday, hitting $286.87. The company's stock had a trading volume of 1,137,566 shares, compared to its average volume of 1,391,264. The stock has a 50 day moving average price of $301.26 and a two-hundred day moving average price of $274.86. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a market capitalization of $61.68 billion, a PE ratio of 56.92, a price-to-earnings-growth ratio of 3.62 and a beta of 1.42. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The firm had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.56 billion. During the same period in the prior year, the company posted $1.33 earnings per share. Autodesk's revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current 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.