Autodesk, Inc. (NASDAQ:ADSK) Stock Holdings Increased by Fortem Financial Group LLC

Fortem Financial Group LLC raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 46.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,656 shares of the software company's stock after acquiring an additional 2,411 shares during the period. Autodesk makes up 0.9% of Fortem Financial Group LLC's holdings, making the stock its 29th biggest holding. Fortem Financial Group LLC's holdings in Autodesk were worth $2,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. State Street Corp grew its holdings in shares of Autodesk by 3.0% in the third quarter. State Street Corp now owns 9,808,476 shares of the software company's stock valued at $2,702,028,000 after purchasing an additional 288,931 shares in the last quarter. FMR LLC grew its stake in shares of Autodesk by 0.8% in the third quarter. FMR LLC now owns 5,653,602 shares of the software company's stock worth $1,557,454,000 after acquiring an additional 46,069 shares in the last quarter. Ninety One UK Ltd increased its position 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 acquiring an additional 1,108,973 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of 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 acquiring an additional 61,785 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings 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 purchasing an additional 245,816 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Trading Up 1.1 %

NASDAQ:ADSK traded up $3.47 during mid-day trading on Wednesday, reaching $307.46. The company's stock had a trading volume of 1,257,600 shares, compared to its average volume of 1,591,543. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $66.10 billion, a P/E ratio of 60.87, a P/E/G ratio of 3.63 and a beta of 1.43. The company's fifty day simple moving average is $294.55 and its two-hundred day simple moving average is $262.32. 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 posted its quarterly 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. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the firm posted $1.33 earnings per share. Autodesk's revenue was up 11.0% on a year-over-year basis. On average, equities analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

Insiders Place Their Bets

In other Autodesk news, CAO Stephen W. Hope sold 286 shares of the business's stock in a transaction on Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the transaction, the chief accounting officer now owns 4,879 shares in the company, valued at $1,340,944.36. The trade was a 5.54 % decrease in their position. 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 dated Monday, September 16th. The shares were sold at an average price of $265.50, for a total value of $146,025.00. Following the sale, the director now owns 31,349 shares of the company's stock, valued at $8,323,159.50. This represents a 1.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,936 shares of company stock worth $549,333 over the last ninety days. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of analyst reports. Barclays boosted their price objective on Autodesk from $310.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Mizuho raised their price objective on shares of Autodesk from $260.00 to $280.00 and gave the company a "neutral" rating in a report on Wednesday, November 27th. Citigroup boosted their target price on shares of Autodesk from $358.00 to $361.00 and gave the stock a "buy" rating in a research note on Friday, November 29th. BMO Capital Markets raised 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. Finally, Piper Sandler increased their price objective on Autodesk from $257.00 to $311.00 and gave the company a "neutral" rating in a report on Wednesday, November 27th. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, Autodesk 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.