Everence Capital Management Inc. Boosts Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Everence Capital Management Inc. lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 71.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,540 shares of the software company's stock after buying an additional 1,890 shares during the period. Everence Capital Management Inc.'s holdings in Autodesk were worth $1,342,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Founders Financial Securities LLC grew its stake in shares of Autodesk by 8.9% during the 2nd quarter. Founders Financial Securities LLC now owns 1,425 shares of the software company's stock worth $353,000 after purchasing an additional 117 shares during the period. ANTIPODES PARTNERS Ltd acquired a new stake in shares of Autodesk during the 2nd quarter valued at approximately $36,000. VELA Investment Management LLC boosted its stake in shares of Autodesk by 155.9% during the 2nd quarter. VELA Investment Management LLC now owns 9,885 shares of the software company's stock worth $2,446,000 after acquiring an additional 6,022 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Autodesk by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 62,015 shares of the software company's stock worth $15,346,000 after acquiring an additional 628 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in Autodesk by 10.6% in the 2nd quarter. Parkside Financial Bank & Trust now owns 534 shares of the software company's stock valued at $132,000 after purchasing an additional 51 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Trading Up 0.3 %

Shares of ADSK traded up $0.74 during mid-day trading on Friday, reaching $294.06. The company had a trading volume of 1,176,262 shares, compared to its average volume of 1,075,781. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The firm has a fifty day simple moving average of $300.90 and a 200-day simple moving average of $272.13. The stock has a market cap of $63.22 billion, a price-to-earnings ratio of 58.35, a price-to-earnings-growth ratio of 3.62 and a beta of 1.42. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.05. The firm had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.33 earnings per share. On average, sell-side analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total transaction of $156,920.50. Following the transaction, the director now owns 30,799 shares in the company, valued at approximately $8,787,262.69. The trade was a 1.75 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Oppenheimer upped their target price on Autodesk from $300.00 to $350.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. Mizuho increased their price objective on shares of Autodesk from $260.00 to $280.00 and gave the company a "neutral" rating in a research note on Wednesday, November 27th. Morgan Stanley lifted their target price on shares of Autodesk from $320.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Macquarie initiated coverage on shares of Autodesk in a research report on Thursday, December 12th. They issued an "outperform" rating and a $380.00 price target on the stock. Finally, 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. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $323.95.

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.