Point72 Hong Kong Ltd Buys New Stake in Autodesk, Inc. (NASDAQ:ADSK)

Point72 Hong Kong Ltd purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,001 shares of the software company's stock, valued at approximately $1,378,000.

A number of other hedge funds also recently made changes to their positions in ADSK. Ninety One UK Ltd raised its holdings in shares of Autodesk by 28.0% during the second quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company's stock valued at $1,255,054,000 after buying an additional 1,108,973 shares during the last quarter. Van ECK Associates Corp raised its holdings in Autodesk by 100.9% during the second quarter. Van ECK Associates Corp now owns 1,642,973 shares of the software company's stock worth $406,554,000 after purchasing an additional 825,165 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in Autodesk by 366.5% during the second quarter. Point72 Asset Management L.P. now owns 843,040 shares of the software company's stock worth $208,610,000 after purchasing an additional 662,339 shares in the last quarter. International Assets Investment Management LLC raised its holdings in Autodesk by 58,375.5% during the third quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company's stock worth $1,564,170,000 after purchasing an additional 566,826 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA raised its holdings in Autodesk by 394.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company's stock worth $156,296,000 after purchasing an additional 452,728 shares in the last quarter. Institutional investors own 90.24% of the company's stock.

Insiders Place Their Bets

In other news, CAO Stephen W. Hope sold 286 shares of the business's stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the transaction, the chief accounting officer now owns 4,879 shares in the company, valued at approximately $1,340,944.36. The trade was a 5.54 % decrease in their position. The transaction was disclosed in a document filed 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 Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the transaction, the director now owns 30,249 shares in the company, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,936 shares of company stock valued at $549,333 in the last quarter. Insiders own 0.14% of the company's stock.

Autodesk Stock Up 0.4 %

Shares of ADSK stock traded up $1.26 on Monday, hitting $291.90. The company's stock had a trading volume of 1,317,760 shares, compared to its average volume of 1,593,544. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 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 $326.62. The firm's fifty day moving average price is $289.93 and its 200-day moving average price is $258.15. The stock has a market capitalization of $62.76 billion, a price-to-earnings ratio of 57.92, a P/E/G ratio of 3.73 and a beta of 1.47.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping analysts' consensus estimates of $2.12 by $0.05. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business's revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.33 EPS. Research analysts anticipate that Autodesk, Inc. will post 5.79 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ADSK shares. Hsbc Global Res cut Autodesk from a "strong-buy" rating to a "hold" rating in a report on Friday. Citigroup lifted their price target on shares of Autodesk from $358.00 to $361.00 and gave the stock a "buy" rating in a research report on Friday. Barclays lifted 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, November 15th. Mizuho lifted their price target on shares of Autodesk from $260.00 to $280.00 and gave the stock a "neutral" rating in a research report on Wednesday, November 27th. Finally, HSBC lowered shares of Autodesk from a "buy" rating to a "hold" rating and set a $290.00 price target on the stock. in a research report on Friday. Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat, Autodesk presently has a consensus rating of "Moderate Buy" and a consensus price target of $316.68.

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.