GSA Capital Partners LLP Makes New Investment in Autodesk, Inc. (NASDAQ:ADSK)

GSA Capital Partners LLP purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm purchased 3,034 shares of the software company's stock, valued at approximately $836,000.

A number of other large investors have also bought and sold shares of the stock. Price T Rowe Associates Inc. MD boosted its holdings in shares of Autodesk by 263.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company's stock worth $1,639,279,000 after purchasing an additional 4,563,668 shares during the period. Ninety One UK Ltd lifted its holdings in Autodesk by 28.0% in the 2nd 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 period. Principal Financial Group Inc. grew its position in shares of Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock worth $603,947,000 after buying an additional 245,816 shares during the last quarter. Legal & General Group Plc boosted its holdings in Autodesk by 4.0% in the second quarter. Legal & General Group Plc now owns 2,117,357 shares of the software company's stock valued at $523,940,000 after acquiring an additional 81,314 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in shares of Autodesk by 4.5% during the third quarter. Van ECK Associates Corp now owns 1,717,367 shares of the software company's stock valued at $491,673,000 after buying an additional 74,394 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction on Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the transaction, the chief accounting officer now owns 4,879 shares in the company, valued at approximately $1,340,944.36. The trade was a 5.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Steven M. Blum sold 17,344 shares of the 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. The trade was a 50.36 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,280 shares of company stock worth $5,232,213. 0.14% of the stock is owned by company insiders.

Autodesk Stock Performance

Shares of ADSK traded down $7.50 on Friday, reaching $299.15. The company's stock had a trading volume of 2,300,222 shares, compared to its average volume of 1,235,289. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $315.73. The stock has a market capitalization of $64.32 billion, a P/E ratio of 61.18, a PEG ratio of 3.82 and a beta of 1.47. 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 stock's 50 day simple moving average is $281.32 and its two-hundred day simple moving average is $251.79.

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

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. KeyCorp reaffirmed an "overweight" rating and issued a $305.00 target price on shares of Autodesk in a research report on Monday, August 26th. Rosenblatt Securities boosted their target price on Autodesk from $290.00 to $295.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Mizuho set a $260.00 price target on Autodesk in a report on Friday, October 18th. Barclays lifted their price target on Autodesk from $310.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Bank of America increased their price objective on shares of Autodesk from $260.00 to $285.00 and gave the company a "neutral" rating in a research report on Friday, August 30th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $296.20.

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.