Natixis Advisors LLC Grows Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Natixis Advisors LLC grew its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 512,186 shares of the software company's stock after purchasing an additional 9,305 shares during the quarter. Natixis Advisors LLC owned about 0.24% of Autodesk worth $141,097,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. New Covenant Trust Company N.A. acquired a new position in shares of Autodesk in the first quarter valued at about $25,000. LRI Investments LLC acquired a new position in Autodesk in the 1st quarter worth about $26,000. Livelsberger Financial Advisory purchased a new position in Autodesk during the third quarter worth approximately $27,000. Transcendent Capital Group LLC acquired a new stake in Autodesk in the third quarter valued at approximately $28,000. Finally, Concord Wealth Partners acquired a new stake in Autodesk in the 3rd quarter valued at $28,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADSK has been the subject of several research analyst reports. Barclays upped their price target on shares of Autodesk from $310.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday. Morgan Stanley reissued an "overweight" rating and set a $320.00 target price on shares of Autodesk in a research note on Monday, September 30th. BMO Capital Markets raised their price objective on Autodesk from $254.00 to $287.00 and gave the stock a "market perform" rating in a research report on Friday, August 30th. KeyCorp reaffirmed an "overweight" rating and issued a $305.00 target price on shares of Autodesk in a research report on Monday, August 26th. Finally, Berenberg Bank boosted their price target on shares of Autodesk from $286.00 to $299.00 and gave the company a "hold" rating in a research note on Friday, August 30th. Eight investment 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's stock. According to data from MarketBeat, Autodesk presently has a consensus rating of "Moderate Buy" and a consensus target price of $296.20.

Autodesk Stock Down 2.4 %

Shares of Autodesk stock traded down $7.50 during trading on Friday, hitting $299.15. 2,300,222 shares of the stock were exchanged, compared to its average volume of 1,579,473. The firm's 50-day moving average price is $281.32 and its 200 day moving average price is $251.23. The stock has a market cap of $64.32 billion, a price-to-earnings ratio of 61.18, a price-to-earnings-growth ratio of 4.00 and a beta of 1.47. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $315.73. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64.

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 analysts' consensus estimates of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the firm posted $1.12 EPS. The company's revenue was up 11.9% on a year-over-year basis. As a group, analysts forecast that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In other news, COO Steven M. Blum sold 17,344 shares of the stock in a transaction dated 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 sale, the chief operating officer now owns 17,099 shares in the company, valued at approximately $4,616,730. This represents a 50.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Stephen W. Hope sold 286 shares of the company's stock in a transaction that occurred on Monday, September 30th. The shares were 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 of the company's stock, valued at approximately $1,340,944.36. This represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,280 shares of company stock valued at $5,232,213 in the last three months. 0.14% of the stock is currently owned by company insiders.

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.