LMR Partners LLP Takes Position in Autodesk, Inc. (NASDAQ:ADSK)

LMR Partners LLP acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 45,894 shares of the software company's stock, valued at approximately $12,643,000.

Other hedge funds have also recently modified their holdings of the company. Marshall Financial Group LLC boosted its position in Autodesk by 0.8% in the third quarter. Marshall Financial Group LLC now owns 4,491 shares of the software company's stock valued at $1,237,000 after buying an additional 35 shares during the last quarter. Avitas Wealth Management LLC boosted its position in Autodesk by 0.8% in the third quarter. Avitas Wealth Management LLC now owns 5,577 shares of the software company's stock valued at $1,536,000 after buying an additional 42 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its position in Autodesk by 1.1% in the second quarter. Mesirow Financial Investment Management Inc. now owns 3,875 shares of the software company's stock valued at $959,000 after buying an additional 44 shares during the last quarter. Johnson Investment Counsel Inc. boosted its position in Autodesk by 5.1% in the second quarter. Johnson Investment Counsel Inc. now owns 920 shares of the software company's stock valued at $228,000 after buying an additional 45 shares during the last quarter. Finally, First Affirmative Financial Network boosted its position in Autodesk by 2.6% in the third quarter. First Affirmative Financial Network now owns 1,873 shares of the software company's stock valued at $516,000 after buying an additional 47 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ADSK shares. Berenberg Bank upped their price objective on Autodesk from $286.00 to $299.00 and gave the stock a "hold" rating in a research report on Friday, August 30th. Stifel Nicolaus upped their price objective on Autodesk from $320.00 to $340.00 and gave the stock a "buy" rating in a research report on Friday. KeyCorp restated an "overweight" rating and issued a $305.00 price objective on shares of Autodesk in a research report on Monday, August 26th. Mizuho set a $260.00 price objective on Autodesk in a research report on Friday, October 18th. Finally, The Goldman Sachs Group upgraded Autodesk from a "sell" rating to a "neutral" rating and upped their price objective for the stock from $225.00 to $295.00 in a research report on Tuesday, September 3rd. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $298.25.

Insider Activity at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the transaction, the director now owns 31,349 shares in the company, valued at approximately $8,323,159.50. This trade represents a 1.72 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed 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 stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the sale, the chief accounting officer now directly owns 4,879 shares in the company, valued at $1,340,944.36. This trade represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,280 shares of company stock worth $5,232,213 in the last three months. 0.14% of the stock is owned by company insiders.

Autodesk Trading Up 1.0 %

Shares of NASDAQ ADSK traded up $3.03 during mid-day trading on Monday, reaching $302.18. 466,267 shares of the company's stock were exchanged, compared to its average volume of 1,574,482. The firm has a market capitalization of $64.97 billion, a price-to-earnings 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 quick ratio of 0.64 and a current ratio of 0.64. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $315.73. The company's 50-day moving average is $281.32 and its 200-day moving average is $251.79.

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

About Autodesk

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.