Los Angeles Capital Management LLC Has $42.50 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Los Angeles Capital Management LLC raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 20.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 154,287 shares of the software company's stock after purchasing an additional 26,421 shares during the quarter. Los Angeles Capital Management LLC owned 0.07% of Autodesk worth $42,503,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in ADSK. TD Asset Management Inc lifted its holdings in shares of Autodesk by 13.0% in the 1st quarter. TD Asset Management Inc now owns 434,407 shares of the software company's stock worth $113,128,000 after acquiring an additional 50,027 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Autodesk by 163.4% during the first quarter. Cetera Investment Advisers now owns 61,574 shares of the software company's stock valued at $16,035,000 after buying an additional 38,196 shares during the period. Forsta AP Fonden grew its stake in shares of Autodesk by 7.9% during the third quarter. Forsta AP Fonden now owns 51,600 shares of the software company's stock valued at $14,215,000 after buying an additional 3,800 shares during the last quarter. QRG Capital Management Inc. increased its stake in Autodesk by 32.0% in the third quarter. QRG Capital Management Inc. now owns 13,437 shares of the software company's stock worth $3,702,000 after purchasing an additional 3,259 shares during the period. Finally, Primecap Management Co. CA boosted its stake in shares of Autodesk by 8.2% during the second quarter. Primecap Management Co. CA now owns 655,900 shares of the software company's stock valued at $162,302,000 after purchasing an additional 49,500 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. The Goldman Sachs Group raised shares of Autodesk from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $225.00 to $295.00 in a research report on Tuesday, September 3rd. Oppenheimer upped their target price on Autodesk from $275.00 to $300.00 and gave the stock an "outperform" rating in a report on Friday, August 30th. DA Davidson began coverage on Autodesk in a research note on Friday, September 27th. They set a "neutral" rating and a $260.00 price target on the stock. Bank of America upped their price objective on shares of Autodesk from $260.00 to $285.00 and gave the stock a "neutral" rating in a research note on Friday, August 30th. Finally, Morgan Stanley restated an "overweight" rating and issued a $320.00 price target on shares of Autodesk in a report on Monday, September 30th. 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $292.95.

Insider Transactions at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the company's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $248.18, for a total value of $136,499.00. Following the transaction, the director now directly owns 31,899 shares in the company, valued at approximately $7,916,693.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $248.18, for a total value of $136,499.00. Following the sale, the director now directly owns 31,899 shares in the company, valued at $7,916,693.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of the business's 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 transaction, the chief operating officer now owns 17,099 shares of the company's stock, valued at $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 19,280 shares of company stock valued at $5,200,929 in the last quarter. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Performance

Shares of NASDAQ:ADSK traded up $0.05 during midday trading on Friday, hitting $305.56. The stock had a trading volume of 968,605 shares, compared to its average volume of 1,238,804. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80. The stock has a 50 day moving average price of $275.95 and a two-hundred day moving average price of $248.26. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $307.17. The company has a market capitalization of $65.70 billion, a PE ratio of 62.49, a P/E/G ratio of 3.84 and a beta of 1.47.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating analysts' consensus estimates of $2.00 by $0.15. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The company's revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business earned $1.12 earnings per share. As a group, equities analysts predict that Autodesk, Inc. will post 5.73 earnings per share 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.