Edgestream Partners L.P. Has $3.39 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Edgestream Partners L.P. lifted its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 95.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,299 shares of the software company's stock after purchasing an additional 6,017 shares during the quarter. Edgestream Partners L.P.'s holdings in Autodesk were worth $3,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in ADSK. Jag Capital Management LLC acquired a new position in Autodesk in the 3rd quarter worth about $13,861,000. LMR Partners LLP bought a new position in Autodesk during the third quarter valued at approximately $12,643,000. Bank of Montreal Can raised its position in Autodesk by 8.7% during the third quarter. Bank of Montreal Can now owns 913,516 shares of the software company's stock valued at $248,385,000 after acquiring an additional 73,363 shares in the last quarter. Cetera Investment Advisers grew its position in Autodesk by 163.4% in the first quarter. Cetera Investment Advisers now owns 61,574 shares of the software company's stock worth $16,035,000 after acquiring an additional 38,196 shares in the last quarter. Finally, Forsta AP Fonden increased its stake in shares of Autodesk by 7.9% during the 3rd quarter. Forsta AP Fonden now owns 51,600 shares of the software company's stock worth $14,215,000 after purchasing an additional 3,800 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Price Performance

Shares of ADSK traded up $4.75 during mid-day trading on Monday, reaching $296.65. The company had a trading volume of 2,072,915 shares, compared to its average volume of 1,595,610. The company's 50-day moving average is $289.93 and its 200-day moving average is $258.15. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.64. The company has a market capitalization of $63.78 billion, a P/E ratio of 58.86, a P/E/G ratio of 3.73 and a beta of 1.47. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

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, beating analysts' consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.56 billion. During the same period last year, the business earned $1.33 earnings per share. The business's revenue was up 11.0% on a year-over-year basis. On average, equities analysts anticipate that Autodesk, Inc. will post 5.79 EPS for the current year.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the firm's stock in a transaction on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction dated Monday, September 30th. The shares were 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 directly 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 disclosure for this sale can be found here. Insiders have sold a total of 1,936 shares of company stock worth $549,333 over the last ninety days. Corporate insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Autodesk from $340.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. UBS Group began coverage on Autodesk in a report on Monday. They set a "buy" rating and a $350.00 price objective on the stock. Hsbc Global Res cut Autodesk from a "strong-buy" rating to a "hold" rating in a research report on Friday. Stifel Nicolaus lifted their price target on shares of Autodesk from $320.00 to $340.00 and gave the company a "buy" rating in a research report on Friday, November 15th. Finally, The Goldman Sachs Group raised shares of Autodesk from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $225.00 to $295.00 in a report on Tuesday, September 3rd. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $316.68.

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.