Autodesk, Inc. (NASDAQ:ADSK) Position Lifted by Robeco Schweiz AG

Robeco Schweiz AG boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 21.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 702,423 shares of the software company's stock after buying an additional 122,101 shares during the quarter. Autodesk makes up approximately 3.3% of Robeco Schweiz AG's portfolio, making the stock its 2nd largest holding. Robeco Schweiz AG owned about 0.33% of Autodesk worth $173,815,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Johnson Investment Counsel Inc. boosted its position in shares of Autodesk by 5.1% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 920 shares of the software company's stock valued at $228,000 after acquiring an additional 45 shares during the last quarter. Beacon Financial Group boosted its position in shares of Autodesk by 4.1% in the 4th quarter. Beacon Financial Group now owns 1,248 shares of the software company's stock worth $304,000 after purchasing an additional 49 shares in the last quarter. First Affirmative Financial Network grew its stake in shares of Autodesk by 2.8% in the first quarter. First Affirmative Financial Network now owns 1,802 shares of the software company's stock worth $469,000 after acquiring an additional 49 shares during the last quarter. InTrack Investment Management Inc grew its position in Autodesk by 2.3% during the 2nd quarter. InTrack Investment Management Inc now owns 2,189 shares of the software company's stock valued at $542,000 after purchasing an additional 49 shares during the last quarter. Finally, Pacifica Partners Inc. grew its holdings in shares of Autodesk by 83.3% during the second quarter. Pacifica Partners Inc. now owns 110 shares of the software company's stock valued at $27,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on ADSK shares. Morgan Stanley upped their price objective on Autodesk from $305.00 to $320.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. The Goldman Sachs Group raised 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 note on Tuesday, September 3rd. Berenberg Bank increased their price objective on shares of Autodesk from $286.00 to $299.00 and gave the company a "hold" rating in a report on Friday, August 30th. Bank of America boosted their price target on shares of Autodesk from $260.00 to $285.00 and gave the stock a "neutral" rating in a research report on Friday, August 30th. Finally, KeyCorp reiterated an "overweight" rating and issued a $305.00 target price on shares of Autodesk in a report on Monday, August 26th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $292.17.

Autodesk Stock Performance

Shares of Autodesk stock traded up $4.49 during trading on Friday, hitting $263.96. 1,467,837 shares of the company's stock were exchanged, compared to its average volume of 1,661,470. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $279.53. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market capitalization of $56.75 billion, a price-to-earnings ratio of 57.13, a PEG ratio of 3.29 and a beta of 1.48. The business has a 50-day simple moving average of $248.36 and a 200-day simple moving average of $239.33.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 EPS. On average, research analysts forecast that Autodesk, Inc. will post 5.73 EPS for the current year.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the business's stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $235.00, for a total value of $129,250.00. Following the completion of the sale, the director now directly owns 31,566 shares in the company, valued at $7,418,010. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction dated 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 sale, the chief operating officer now directly owns 17,099 shares in the company, valued at approximately $4,616,730. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $235.00, for a total value of $129,250.00. Following the transaction, the director now directly owns 31,566 shares of the company's stock, valued at approximately $7,418,010. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,762 shares of company stock valued at $10,029,527. Corporate insiders own 0.14% of the company's stock.

Autodesk Company 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.