Royal London Asset Management Ltd. Has $130.90 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Royal London Asset Management Ltd. lifted its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 475,155 shares of the software company's stock after acquiring an additional 9,868 shares during the period. Royal London Asset Management Ltd. owned 0.22% of Autodesk worth $130,896,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Harbor Capital Advisors Inc. grew its position in Autodesk by 4.8% in the second quarter. Harbor Capital Advisors Inc. now owns 3,148 shares of the software company's stock worth $779,000 after acquiring an additional 144 shares in the last quarter. Linden Thomas Advisory Services LLC increased its position in Autodesk by 11.0% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 3,704 shares of the software company's stock valued at $917,000 after acquiring an additional 368 shares in the last quarter. Valeo Financial Advisors LLC boosted its stake in shares of Autodesk by 27.8% in the 2nd quarter. Valeo Financial Advisors LLC now owns 1,763 shares of the software company's stock valued at $436,000 after purchasing an additional 383 shares during the last quarter. Pacifica Partners Inc. boosted its stake in shares of 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 last quarter. Finally, Symmetry Partners LLC boosted its stake in Autodesk by 38.6% during the 2nd quarter. Symmetry Partners LLC now owns 1,960 shares of the software company's stock worth $485,000 after acquiring an additional 546 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the transaction, the director now directly owns 31,349 shares in the company, valued at approximately $8,323,159.50. This trade represents a 1.72 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Stephen W. Hope sold 286 shares of the firm's stock in a transaction dated 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 directly owns 4,879 shares in the company, valued at $1,340,944.36. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,936 shares of company stock valued at $549,333 in the last quarter. 0.14% of the stock is currently owned by company insiders.

Autodesk Stock Performance

ADSK traded up $2.52 on Thursday, hitting $306.75. 546,198 shares of the company traded hands, compared to its average volume of 1,592,099. The company has a 50 day moving average of $291.81 and a 200-day moving average of $259.55. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $65.95 billion, a PE ratio of 60.36, a PEG ratio of 3.53 and a beta of 1.43. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62.

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 analysts' consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.56 billion. During the same quarter in the prior year, the firm posted $1.33 EPS. The company's revenue was up 11.0% compared to the same quarter last year. Sell-side analysts anticipate that Autodesk, Inc. will post 5.75 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on ADSK shares. DA Davidson initiated coverage on shares of Autodesk in a report on Friday, September 27th. They set a "neutral" rating and a $260.00 target price on the stock. KeyCorp increased their price objective on shares of Autodesk from $325.00 to $330.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. BMO Capital Markets increased their target price on shares of Autodesk from $287.00 to $308.00 and gave the stock a "market perform" rating in a report on Wednesday, November 27th. Citigroup raised their price objective on shares of Autodesk from $358.00 to $361.00 and gave the company a "buy" rating in a report on Friday, November 29th. Finally, Morgan Stanley raised their price target on shares of Autodesk from $320.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Ten investment analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Autodesk presently has an average rating of "Moderate Buy" and an average 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.