Kovitz Investment Group Partners LLC Has $7.60 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Kovitz Investment Group Partners LLC boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 9.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,591 shares of the software company's stock after acquiring an additional 2,437 shares during the period. Kovitz Investment Group Partners LLC's holdings in Autodesk were worth $7,601,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. QRG Capital Management Inc. boosted its stake in shares of Autodesk by 1.7% during the second quarter. QRG Capital Management Inc. now owns 10,178 shares of the software company's stock valued at $2,519,000 after acquiring an additional 173 shares during the last quarter. Czech National Bank boosted its stake in shares of Autodesk by 8.3% during the 2nd quarter. Czech National Bank now owns 40,763 shares of the software company's stock worth $10,087,000 after purchasing an additional 3,125 shares during the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Autodesk by 34.9% during the second quarter. Sequoia Financial Advisors LLC now owns 3,045 shares of the software company's stock worth $753,000 after buying an additional 788 shares in the last quarter. Burke & Herbert Bank & Trust Co. acquired a new position in shares of Autodesk in the second quarter valued at approximately $1,237,000. Finally, Maia Wealth LLC purchased a new position in shares of Autodesk during the second quarter valued at approximately $1,083,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price target on Autodesk from $320.00 to $340.00 and gave the stock a "buy" rating in a research note on Friday, November 15th. Rosenblatt Securities boosted their target price on shares of Autodesk from $295.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Oppenheimer increased their price target on shares of Autodesk from $300.00 to $350.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. HSBC cut shares of Autodesk from a "buy" rating to a "hold" rating and set a $290.00 price objective for the company. in a research note on Friday, November 29th. Finally, Scotiabank began coverage on Autodesk in a report on Monday, November 18th. They set a "sector outperform" rating and a $360.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. According to MarketBeat, Autodesk has an average rating of "Moderate Buy" and a consensus target price of $316.68.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of the firm's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $265.50, for a total transaction of $146,025.00. Following the transaction, the director now directly owns 31,349 shares of the company's stock, valued at approximately $8,323,159.50. This trade represents a 1.72 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 286 shares of the firm's stock in a transaction dated 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 directly 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 disclosure for this sale can be found here. Insiders have sold 1,936 shares of company stock valued at $549,333 over the last quarter. Insiders own 0.14% of the company's stock.

Autodesk Stock Up 0.8 %

ADSK stock traded up $2.54 during mid-day trading on Friday, hitting $307.71. 1,377,533 shares of the company were exchanged, compared to its average volume of 1,673,155. The company has a current ratio of 0.65, a quick ratio of 0.64 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The firm has a fifty day simple moving average of $293.16 and a 200 day simple moving average of $260.74. The company has a market capitalization of $66.16 billion, a PE ratio of 61.05, a price-to-earnings-growth ratio of 3.59 and a beta of 1.43.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.12 by $0.05. The company 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 business's revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.33 EPS. On average, research analysts forecast that Autodesk, Inc. will post 5.76 earnings per share 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.