7,500 Shares in Autodesk, Inc. (NASDAQ:ADSK) Acquired by HighVista Strategies LLC

HighVista Strategies LLC bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 7,500 shares of the software company's stock, valued at approximately $2,066,000.

Other large investors have also recently added to or reduced their stakes in the company. Hilltop Holdings Inc. lifted its holdings in Autodesk by 38.9% during the 3rd quarter. Hilltop Holdings Inc. now owns 2,263 shares of the software company's stock worth $623,000 after buying an additional 634 shares during the last quarter. Benjamin Edwards Inc. acquired a new position in shares of Autodesk during the third quarter worth about $814,000. Atom Investors LP purchased a new position in Autodesk in the 3rd quarter valued at approximately $364,000. Aureus Asset Management LLC raised its stake in shares of Autodesk by 19.5% during the 3rd quarter. Aureus Asset Management LLC now owns 88,913 shares of the software company's stock worth $24,494,000 after buying an additional 14,509 shares during the last quarter. Finally, Starboard Value LP acquired a new position in Autodesk during the third quarter worth about $510,189,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 4,879 shares of the company's stock, valued at approximately $1,340,944.36. The trade was a 5.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the transaction, the director now directly owns 30,249 shares in the company, valued at $9,227,759.94. The trade was a 1.79 % 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 valued at $549,333 in the last quarter. 0.14% of the stock is owned by insiders.

Autodesk Stock Performance

NASDAQ ADSK traded up $2.31 on Tuesday, hitting $298.96. 1,943,215 shares of the stock traded hands, compared to its average volume of 1,593,847. The business's fifty day moving average is $289.93 and its two-hundred day moving average is $258.15. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.64 and a current ratio of 0.65. The firm has a market capitalization of $64.28 billion, a price-to-earnings ratio of 58.86, a PEG ratio of 3.43 and a beta of 1.43.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.05. The firm had revenue of $1.57 billion during 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 company's revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.33 earnings per share. As a group, equities analysts anticipate that Autodesk, Inc. will post 5.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on ADSK shares. Bank of America lifted their price target on shares of Autodesk from $260.00 to $285.00 and gave the stock a "neutral" rating in a report on Friday, August 30th. Robert W. Baird raised their price target on shares of Autodesk from $305.00 to $330.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Berenberg Bank upped their price objective on Autodesk from $286.00 to $299.00 and gave the company a "hold" rating in a research note on Friday, August 30th. Citigroup boosted their price objective on shares of Autodesk from $358.00 to $361.00 and gave the company a "buy" rating in a research report on Friday. Finally, Hsbc Global Res lowered shares of Autodesk from a "strong-buy" rating to a "hold" rating in a research note on Friday. Ten analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.