Parnassus Investments LLC Has $102.78 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Parnassus Investments LLC increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 35.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 373,085 shares of the software company's stock after buying an additional 96,985 shares during the period. Parnassus Investments LLC owned 0.17% of Autodesk worth $102,777,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. New Covenant Trust Company N.A. bought a new position in Autodesk during the 1st quarter worth $25,000. LRI Investments LLC acquired a new stake in Autodesk in the 1st quarter worth about $26,000. Olistico Wealth LLC bought a new stake in Autodesk in the 2nd quarter valued at about $26,000. Pacifica Partners Inc. boosted its holdings in Autodesk by 83.3% in the 2nd quarter. Pacifica Partners Inc. now owns 110 shares of the software company's stock valued at $27,000 after purchasing an additional 50 shares during the period. Finally, Livelsberger Financial Advisory acquired a new position in shares of Autodesk during the 3rd quarter worth approximately $27,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Analyst Ratings Changes

ADSK has been the subject of several recent research reports. Royal Bank of Canada boosted their price target on Autodesk from $290.00 to $313.00 and gave the company an "outperform" rating in a research note on Friday, August 30th. Stifel Nicolaus increased their target price on Autodesk from $320.00 to $340.00 and gave the stock a "buy" rating in a report on Friday. BMO Capital Markets boosted their price target on Autodesk from $254.00 to $287.00 and gave the company a "market perform" rating in a research note on Friday, August 30th. Rosenblatt Securities upped their price objective on shares of Autodesk from $290.00 to $295.00 and gave the stock a "buy" rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company started coverage on shares of Autodesk in a report on Wednesday, October 16th. They issued an "overweight" rating and a $340.00 target price on the stock. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Autodesk presently has a consensus rating of "Moderate Buy" and an average target price of $301.19.

Insider Activity

In other news, Director Mary T. Mcdowell sold 550 shares of the business's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the transaction, the director now directly owns 30,249 shares of the company's stock, valued at $9,227,759.94. The trade was a 1.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Steven M. Blum sold 17,344 shares of the firm's stock in a transaction that occurred 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 sale, the chief operating officer now directly owns 17,099 shares of the company's stock, valued at $4,616,730. This represents a 50.36 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,280 shares of company stock valued at $5,232,213. 0.14% of the stock is currently owned by insiders.

Autodesk Trading Up 1.0 %

NASDAQ ADSK traded up $3.15 on Tuesday, reaching $305.20. The company had a trading volume of 1,348,234 shares, compared to its average volume of 1,575,497. The firm has a market cap of $65.62 billion, a price-to-earnings ratio of 62.03, a P/E/G ratio of 3.82 and a beta of 1.47. 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, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $315.73. The business has a 50 day moving average of $282.25 and a two-hundred day moving average of $252.44.

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