13,845 Shares in Autodesk, Inc. (NASDAQ:ADSK) Purchased by Bridges Investment Management Inc.

Bridges Investment Management Inc. acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 13,845 shares of the software company's stock, valued at approximately $3,426,000.

Several other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD grew its holdings in shares of Autodesk by 263.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company's stock worth $1,639,279,000 after purchasing an additional 4,563,668 shares in the last quarter. Ninety One UK Ltd grew its stake in Autodesk by 28.0% in the 2nd quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company's stock worth $1,255,054,000 after buying an additional 1,108,973 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of Autodesk by 100.9% in the 2nd quarter. Van ECK Associates Corp now owns 1,642,973 shares of the software company's stock worth $406,554,000 after buying an additional 825,165 shares during the last quarter. FIL Ltd raised its position in shares of Autodesk by 19.6% during the 4th quarter. FIL Ltd now owns 2,921,044 shares of the software company's stock valued at $711,216,000 after buying an additional 479,559 shares in the last quarter. Finally, Morningstar Investment Services LLC raised its position in shares of Autodesk by 349.8% during the 4th quarter. Morningstar Investment Services LLC now owns 491,224 shares of the software company's stock valued at $120,306,000 after buying an additional 382,026 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on ADSK shares. Hsbc Global Res upgraded Autodesk to a "strong-buy" rating in a research report on Tuesday, September 3rd. Morgan Stanley upped their price objective on shares of Autodesk from $305.00 to $320.00 and gave the company an "overweight" rating in a research note on Friday, August 30th. Royal Bank of Canada increased their target price on shares of Autodesk from $290.00 to $313.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Mizuho boosted their price target on shares of Autodesk from $230.00 to $260.00 and gave the stock a "neutral" rating in a research note on Friday, August 30th. Finally, Robert W. Baird reduced their price objective on Autodesk from $296.00 to $289.00 and set an "outperform" rating on the stock in a research note on Wednesday, May 29th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $292.17.

Insider Activity at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the firm's stock in a transaction on Monday, July 15th. The stock was sold at an average price of $253.33, for a total transaction of $139,331.50. Following the completion of the transaction, the director now directly owns 31,016 shares in the company, valued at $7,857,283.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, COO Steven M. Blum sold 17,344 shares of the company'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 value of $4,682,880.00. Following 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 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, July 15th. The shares were sold at an average price of $253.33, for a total transaction of $139,331.50. Following the sale, the director now owns 31,016 shares in the company, valued at approximately $7,857,283.28. The disclosure for this sale can be found here. Insiders sold a total of 38,762 shares of company stock valued at $10,046,302 in the last 90 days. Corporate insiders own 0.14% of the company's stock.

Autodesk Stock Down 0.9 %

Autodesk stock traded down $2.47 on Friday, hitting $267.29. 2,551,139 shares of the stock traded hands, compared to its average volume of 1,659,669. Autodesk, Inc. has a 1 year low of $192.01 and a 1 year high of $279.53. The firm has a market cap of $57.60 billion, a P/E ratio of 58.26, a price-to-earnings-growth ratio of 3.29 and a beta of 1.48. 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 business's fifty day simple moving average is $249.98 and its 200 day simple moving average is $239.56.

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