Plato Investment Management Ltd lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 45.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,080 shares of the software company's stock after acquiring an additional 1,905 shares during the period. Plato Investment Management Ltd's holdings in Autodesk were worth $1,504,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Johnson Investment Counsel Inc. increased its holdings in Autodesk by 5.1% in the second quarter. Johnson Investment Counsel Inc. now owns 920 shares of the software company's stock worth $228,000 after purchasing an additional 45 shares in the last quarter. Beacon Financial Group grew its holdings in Autodesk by 4.1% during the 4th quarter. Beacon Financial Group now owns 1,248 shares of the software company's stock valued at $304,000 after buying an additional 49 shares in the last quarter. First Affirmative Financial Network lifted its stake in Autodesk by 2.8% in the 1st quarter. First Affirmative Financial Network now owns 1,802 shares of the software company's stock worth $469,000 after purchasing an additional 49 shares in the last quarter. InTrack Investment Management Inc boosted its stake in Autodesk by 2.3% during the second quarter. InTrack Investment Management Inc now owns 2,189 shares of the software company's stock valued at $542,000 after buying an additional 49 shares during the period. Finally, Pacifica Partners Inc. increased its position in shares of Autodesk by 83.3% in the second quarter. Pacifica Partners Inc. now owns 110 shares of the software company's stock worth $27,000 after purchasing an additional 50 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on ADSK. Citigroup upped their price objective on shares of Autodesk from $316.00 to $325.00 and gave the company a "buy" rating in a research note on Tuesday, September 3rd. Stifel Nicolaus boosted their price target on Autodesk from $290.00 to $320.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Barclays increased their price objective on Autodesk from $275.00 to $310.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. Morgan Stanley boosted their price target on Autodesk from $305.00 to $320.00 and gave the company an "overweight" rating in a research note on Friday, August 30th. Finally, Hsbc Global Res upgraded shares of Autodesk to a "strong-buy" rating in a research note on Tuesday, September 3rd. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $292.17.
Check Out Our Latest Research Report on Autodesk
Insider Buying and Selling at Autodesk
In related news, Director Mary T. Mcdowell sold 550 shares of the business's stock in a transaction on Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the transaction, the director now owns 31,349 shares of the company's stock, valued at $8,323,159.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, COO Steven M. Blum sold 17,344 shares of the business's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the completion of the transaction, the chief operating officer now owns 17,099 shares in the company, valued at $4,616,730. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the business's stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the sale, the director now owns 31,349 shares in the company, valued at $8,323,159.50. The disclosure for this sale can be found here. Insiders sold 38,762 shares of company stock worth $10,046,302 over the last ninety days. 0.14% of the stock is currently owned by insiders.
Autodesk Stock Up 1.4 %
Autodesk stock traded up $3.77 during midday trading on Monday, hitting $267.73. 1,410,392 shares of the company were exchanged, compared to its average volume of 1,660,064. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $279.53. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market cap of $57.70 billion, a PE ratio of 57.95, a price-to-earnings-growth ratio of 3.29 and a beta of 1.48. The company's fifty day moving average price is $248.76 and its 200-day moving average price is $239.16.
Autodesk (NASDAQ:ADSK - Get Free Report) last posted its earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.00 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business's revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.12 earnings per share. On average, research analysts predict that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.
Autodesk Company Profile
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Free Report)
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.
Further Reading
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