Robeco Institutional Asset Management B.V. Grows Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Robeco Institutional Asset Management B.V. grew its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 25.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 300,135 shares of the software company's stock after buying an additional 60,963 shares during the period. Robeco Institutional Asset Management B.V. owned 0.14% of Autodesk worth $88,711,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ADSK. Starboard Value LP acquired a new stake in Autodesk during the 3rd quarter worth approximately $510,189,000. International Assets Investment Management LLC lifted its holdings in Autodesk by 58,375.5% during the 3rd 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 during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Autodesk by 394.9% during the 3rd 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 during the last quarter. Franklin Resources Inc. increased its stake in Autodesk by 36.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company's stock worth $413,405,000 after acquiring an additional 387,309 shares during the period. Finally, State Street Corp increased its stake in Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company's stock worth $2,702,028,000 after acquiring an additional 288,931 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Trading Up 1.9 %

Shares of Autodesk stock traded up $5.78 on Thursday, hitting $309.95. 1,215,782 shares of the company's stock traded hands, compared to its average volume of 1,346,980. The company has a fifty day moving average of $299.38 and a two-hundred day moving average of $278.54. The company has a market capitalization of $66.64 billion, a price-to-earnings ratio of 61.50, a price-to-earnings-growth ratio of 3.55 and a beta of 1.42. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.05. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company's quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.33 earnings per share. As a group, sell-side analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on ADSK shares. Wells Fargo & Company raised their price objective on Autodesk from $340.00 to $350.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Rosenblatt Securities lifted their price target on Autodesk from $295.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. Robert W. Baird lifted their price target on Autodesk from $305.00 to $330.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. KeyCorp lifted their price target on Autodesk from $325.00 to $330.00 and gave the company an "overweight" rating in a research note on Wednesday, November 20th. Finally, BMO Capital Markets lifted their price target on Autodesk from $287.00 to $308.00 and gave the company a "market perform" rating in a research note on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $331.50.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares of the company's stock, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.14% of the company's stock.

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.