Quantinno Capital Management LP Acquires 7,714 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Quantinno Capital Management LP increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 22.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,613 shares of the software company's stock after purchasing an additional 7,714 shares during the quarter. Quantinno Capital Management LP's holdings in Autodesk were worth $11,464,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Livelsberger Financial Advisory acquired a new position in Autodesk during the third quarter worth $27,000. Transcendent Capital Group LLC acquired a new position in shares of Autodesk during the 3rd quarter worth about $28,000. Concord Wealth Partners bought a new stake in shares of Autodesk in the 3rd quarter valued at about $28,000. Stephens Consulting LLC bought a new position in Autodesk during the second quarter worth about $32,000. Finally, GPS Wealth Strategies Group LLC increased its position in Autodesk by 94.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 136 shares of the software company's stock worth $34,000 after buying an additional 66 shares during the last quarter. Institutional investors own 90.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. UBS Group assumed coverage on Autodesk in a report on Monday. They set a "buy" rating and a $350.00 price target for the company. Royal Bank of Canada lifted their target price on shares of Autodesk from $290.00 to $313.00 and gave the stock an "outperform" rating in a report on Friday, August 30th. 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 note on Friday, November 29th. Hsbc Global Res downgraded shares of Autodesk from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. Finally, Citigroup upped their target price on Autodesk from $358.00 to $361.00 and gave the company a "buy" rating in a research report on Friday, November 29th. Ten research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company's stock. Based on data from MarketBeat, Autodesk presently has a consensus rating of "Moderate Buy" and a consensus price target of $316.68.

Autodesk Price Performance

ADSK stock traded up $2.54 during midday trading on Friday, reaching $307.71. 1,377,533 shares of the stock were exchanged, compared to its average volume of 1,594,962. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a fifty day moving average price of $292.44 and a 200 day moving average price of $259.86. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.64. The stock has a market capitalization of $66.16 billion, a PE ratio of 61.05, a P/E/G ratio of 3.53 and a beta of 1.43.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.05. The company had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.33 earnings per share. As a group, analysts expect that Autodesk, Inc. will post 5.75 EPS for the current fiscal year.

Insider Activity

In related news, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction on Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the transaction, the chief accounting officer now owns 4,879 shares of the company's stock, valued at $1,340,944.36. This trade represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of 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. Over the last 90 days, insiders sold 1,936 shares of company stock valued at $549,333. Insiders own 0.14% of the company's stock.

Autodesk Company Profile

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.