B. Metzler seel. Sohn & Co. Holding AG Makes New $10.94 Million Investment in Autodesk, Inc. (NASDAQ:ADSK)

B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 39,700 shares of the software company's stock, valued at approximately $10,937,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Jag Capital Management LLC bought a new position in Autodesk during the third quarter valued at approximately $13,861,000. Cetera Investment Advisers raised its position in Autodesk by 163.4% during the first quarter. Cetera Investment Advisers now owns 61,574 shares of the software company's stock valued at $16,035,000 after purchasing an additional 38,196 shares during the period. Forsta AP Fonden raised its position in Autodesk by 7.9% during the third quarter. Forsta AP Fonden now owns 51,600 shares of the software company's stock valued at $14,215,000 after purchasing an additional 3,800 shares during the period. QRG Capital Management Inc. raised its position in Autodesk by 32.0% during the third quarter. QRG Capital Management Inc. now owns 13,437 shares of the software company's stock valued at $3,702,000 after purchasing an additional 3,259 shares during the period. Finally, Primecap Management Co. CA raised its position in Autodesk by 8.2% during the second quarter. Primecap Management Co. CA now owns 655,900 shares of the software company's stock valued at $162,302,000 after purchasing an additional 49,500 shares during the period. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Up 1.0 %

NASDAQ ADSK traded up $3.15 during midday trading on Tuesday, hitting $305.20. 1,348,234 shares of the company traded hands, compared to its average volume of 1,575,497. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market cap of $65.62 billion, a PE ratio of 62.03, a price-to-earnings-growth ratio of 3.82 and a beta of 1.47. The company's 50-day simple moving average is $282.25 and its 200-day simple moving average is $252.44. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $315.73.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.15. The business had revenue of $1.51 billion for the quarter, compared to analysts' expectations of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business's revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 EPS. As a group, equities research analysts forecast that Autodesk, Inc. will post 5.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ADSK shares. Robert W. Baird upped their price objective on Autodesk from $305.00 to $330.00 and gave the company an "outperform" rating in a research report on Monday. Royal Bank of Canada upped their price objective on Autodesk from $290.00 to $313.00 and gave the company an "outperform" rating in a research report on Friday, August 30th. Rosenblatt Securities increased their price target on Autodesk from $290.00 to $295.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Scotiabank began coverage on Autodesk in a report on Monday. They issued a "sector outperform" rating and a $360.00 price target on the stock. Finally, The Goldman Sachs Group upgraded Autodesk from a "sell" rating to a "neutral" rating and increased their price target for the stock from $225.00 to $295.00 in a report on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $301.19.

Insider Transactions at Autodesk

In other news, COO Steven M. Blum sold 17,344 shares of the firm's stock in a transaction on Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the sale, the chief operating officer now owns 17,099 shares of the company's stock, valued at $4,616,730. This trade represents a 50.36 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the firm's stock in a transaction 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 directly owns 31,349 shares of the company's stock, 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. Insiders sold 19,280 shares of company stock valued at $5,232,213 in the last quarter. 0.14% of the stock is currently owned by corporate 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.