ICICI Prudential Asset Management Co Ltd Has $9.90 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

ICICI Prudential Asset Management Co Ltd increased its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 31.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,947 shares of the software company's stock after purchasing an additional 8,696 shares during the quarter. Autodesk makes up 1.0% of ICICI Prudential Asset Management Co Ltd's investment portfolio, making the stock its 20th largest holding. ICICI Prudential Asset Management Co Ltd's holdings in Autodesk were worth $9,903,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Autodesk by 1.9% during the first quarter. Vanguard Group Inc. now owns 19,402,242 shares of the software company's stock valued at $5,052,732,000 after buying an additional 363,565 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Autodesk by 263.6% in 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 in the last quarter. Ninety One UK Ltd boosted its holdings 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 purchasing an additional 1,108,973 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Autodesk by 12.6% during the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock worth $603,947,000 after purchasing an additional 245,816 shares during the period. Finally, Legal & General Group Plc increased its stake in Autodesk by 4.0% in the 2nd quarter. Legal & General Group Plc now owns 2,117,357 shares of the software company's stock valued at $523,940,000 after buying an additional 81,314 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the firm's stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $248.18, for a total transaction of $136,499.00. Following the sale, the director now owns 31,899 shares of the company's stock, valued at $7,916,693.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $248.18, for a total value of $136,499.00. Following the sale, the director now owns 31,899 shares of the company's stock, valued at $7,916,693.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Steven M. Blum sold 17,344 shares of the company's stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 17,099 shares of the company's stock, valued at approximately $4,616,730. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,280 shares of company stock valued at $5,200,929 over the last three months. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently commented on ADSK shares. Piper Sandler boosted their price target on shares of Autodesk from $239.00 to $257.00 and gave the company a "neutral" rating in a report on Friday, August 30th. Hsbc Global Res raised Autodesk to a "strong-buy" rating in a research report on Tuesday, September 3rd. Morgan Stanley reaffirmed an "overweight" rating and set a $320.00 price target on shares of Autodesk in a research note on Monday, September 30th. BMO Capital Markets boosted their price target on Autodesk from $254.00 to $287.00 and gave the company a "market perform" rating in a research note on Friday, August 30th. Finally, Rosenblatt Securities raised their price objective on shares of Autodesk from $290.00 to $295.00 and gave the company a "buy" rating in a research report on Friday, August 30th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $292.95.

Autodesk Price Performance

NASDAQ:ADSK traded up $3.41 during mid-day trading on Wednesday, reaching $313.14. 1,273,456 shares of the company were exchanged, compared to its average volume of 1,576,352. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $315.73. The stock has a market cap of $67.33 billion, a PE ratio of 64.21, a PEG ratio of 3.93 and a beta of 1.47. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The company has a fifty day moving average of $278.10 and a 200 day moving average of $249.83.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 EPS 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 company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the previous year, the company earned $1.12 EPS. Autodesk's revenue was up 11.9% on a year-over-year basis. On average, research analysts anticipate that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

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.