Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. boosted its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 7.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 25,957 shares of the software company's stock after purchasing an additional 1,891 shares during the period. Rockefeller Capital Management L.P.'s holdings in Autodesk were worth $7,145,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Marshall Financial Group LLC boosted its stake in Autodesk by 0.8% in the third quarter. Marshall Financial Group LLC now owns 4,491 shares of the software company's stock valued at $1,237,000 after acquiring an additional 35 shares during the last quarter. Avitas Wealth Management LLC boosted its stake in Autodesk by 0.8% in the third quarter. Avitas Wealth Management LLC now owns 5,577 shares of the software company's stock valued at $1,536,000 after acquiring an additional 42 shares during the last quarter. Mesirow Financial Investment Management Inc. lifted its stake in shares of Autodesk by 1.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,875 shares of the software company's stock valued at $959,000 after buying an additional 44 shares in the last quarter. Meeder Asset Management Inc. lifted its stake in shares of Autodesk by 28.9% during the 3rd quarter. Meeder Asset Management Inc. now owns 196 shares of the software company's stock valued at $54,000 after buying an additional 44 shares in the last quarter. Finally, Johnson Investment Counsel Inc. lifted its stake in Autodesk by 5.1% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 920 shares of the software company's stock worth $228,000 after purchasing an additional 45 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $265.50, for a total value of $146,025.00. Following the transaction, the director now owns 31,349 shares in the company, valued at approximately $8,323,159.50. This represents a 1.72 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Stephen W. Hope sold 286 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was 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 in the company, valued at approximately $1,340,944.36. This trade represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,936 shares of company stock valued at $549,333 in the last three months. 0.14% of the stock is owned by insiders.

Autodesk Stock Up 1.8 %

Shares of ADSK stock traded up $5.27 during mid-day trading on Wednesday, hitting $304.23. 1,528,611 shares of the stock traded hands, compared to its average volume of 1,594,651. The stock has a market cap of $65.41 billion, a P/E ratio of 59.32, a P/E/G ratio of 3.50 and a beta of 1.43. The stock's fifty day moving average is $291.08 and its two-hundred day moving average is $259.23. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. 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 (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.12 by $0.05. The business 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 company's quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.33 earnings per share. Equities analysts predict that Autodesk, Inc. will post 5.75 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ADSK shares. Barclays increased their price target on shares of Autodesk from $310.00 to $355.00 and gave the stock an "overweight" rating in a report on Friday, November 15th. Royal Bank of Canada increased their price target on shares of Autodesk from $290.00 to $313.00 and gave the company an "outperform" rating in a research report on Friday, August 30th. Berenberg Bank increased their price target on shares of Autodesk from $286.00 to $299.00 and gave the company a "hold" rating in a research report on Friday, August 30th. Oppenheimer increased their price target on shares of Autodesk from $300.00 to $350.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. Finally, HSBC cut shares of Autodesk from a "buy" rating to a "hold" rating and set a $290.00 target price for the company. in a research report on Friday, November 29th. Ten equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price 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.