Disciplined Growth Investors Inc. MN Acquires 9,361 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Disciplined Growth Investors Inc. MN lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 357,581 shares of the software company's stock after purchasing an additional 9,361 shares during the period. Autodesk makes up about 1.9% of Disciplined Growth Investors Inc. MN's investment portfolio, making the stock its 25th biggest position. Disciplined Growth Investors Inc. MN owned approximately 0.17% of Autodesk worth $98,506,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of ADSK. State Street Corp increased its position in Autodesk by 3.0% in the third quarter. State Street Corp now owns 9,808,476 shares of the software company's stock worth $2,702,028,000 after purchasing an additional 288,931 shares during the period. FMR LLC grew its position 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 buying an additional 46,069 shares during the period. Ninety One UK Ltd raised its stake in shares of Autodesk by 28.0% during the second quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company's stock worth $1,255,054,000 after buying an additional 1,108,973 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Autodesk by 2.7% in 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 period. Finally, Principal Financial Group Inc. boosted its stake in 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 acquiring an additional 245,816 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. BMO Capital Markets increased their price target on Autodesk from $287.00 to $308.00 and gave the company a "market perform" rating in a research note on Wednesday, November 27th. Hsbc Global Res lowered Autodesk from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 29th. Mizuho boosted their target price on Autodesk from $260.00 to $280.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 27th. Robert W. Baird increased their price target 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, DA Davidson began coverage on shares of Autodesk in a report on Friday, September 27th. They set a "neutral" rating and a $260.00 price objective for the company. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, Autodesk currently has a consensus rating of "Moderate Buy" and a consensus price target of $316.68.

Insider Transactions at Autodesk

In related news, CAO Stephen W. Hope sold 286 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the sale, the chief accounting officer now owns 4,879 shares of the company's stock, valued at $1,340,944.36. This represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 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 transaction, the director now owns 31,349 shares in the company, valued at approximately $8,323,159.50. This trade represents a 1.72 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,936 shares of company stock worth $549,333. Company insiders own 0.14% of the company's stock.

Autodesk Stock Performance

ADSK stock traded down $2.98 during trading hours on Tuesday, reaching $305.57. The stock had a trading volume of 540,997 shares, compared to its average volume of 1,590,403. The stock has a 50-day simple moving average of $293.82 and a 200 day simple moving average of $261.69. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The stock has a market capitalization of $65.70 billion, a PE ratio of 61.22, a price-to-earnings-growth ratio of 3.63 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted 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 business 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 firm's revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.33 EPS. Analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Autodesk Company 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.