Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 101.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 180,394 shares of the software company's stock after purchasing an additional 90,913 shares during the quarter. Thrivent Financial for Lutherans owned approximately 0.08% of Autodesk worth $49,696,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in ADSK. Avantax Advisory Services Inc. raised its stake in Autodesk by 9.4% in the first quarter. Avantax Advisory Services Inc. now owns 1,417 shares of the software company's stock valued at $369,000 after buying an additional 122 shares during the last quarter. Acadian Asset Management LLC raised its stake in Autodesk by 2.9% in the first quarter. Acadian Asset Management LLC now owns 5,703 shares of the software company's stock valued at $1,482,000 after buying an additional 161 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in Autodesk by 57.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 16,646 shares of the software company's stock valued at $4,335,000 after buying an additional 6,044 shares during the last quarter. Bessemer Group Inc. raised its stake in Autodesk by 29.3% in the first quarter. Bessemer Group Inc. now owns 15,377 shares of the software company's stock valued at $4,004,000 after buying an additional 3,485 shares during the last quarter. Finally, Lake Street Advisors Group LLC raised its stake in Autodesk by 60.3% in the first quarter. Lake Street Advisors Group LLC now owns 2,145 shares of the software company's stock valued at $559,000 after buying an additional 807 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have commented on ADSK. Scotiabank began coverage on Autodesk in a research note on Monday. They issued a "sector outperform" rating and a $360.00 price target for the company. DA Davidson assumed coverage on Autodesk in a research note on Friday, September 27th. They issued a "neutral" rating and a $260.00 price objective for the company. Robert W. Baird raised their price objective on Autodesk from $305.00 to $330.00 and gave the stock an "outperform" rating in a research note on Monday. HSBC upgraded Autodesk from a "hold" rating to a "buy" rating and raised their price objective for the stock from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Finally, Bank of America raised their price objective on Autodesk from $260.00 to $285.00 and gave the stock a "neutral" rating in a research note on Friday, August 30th. Eight research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $301.19.

Autodesk Price Performance

Shares of NASDAQ ADSK traded up $3.34 during midday trading on Tuesday, hitting $305.39. The stock had a trading volume of 684,711 shares, compared to its average volume of 1,572,536. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The stock has a 50 day simple moving average of $282.25 and a 200-day simple moving average of $252.44. The company has a market capitalization of $65.66 billion, a PE ratio of 62.03, a P/E/G ratio of 3.82 and a beta of 1.47. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $315.73.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. Autodesk's revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.12 EPS. On average, sell-side analysts expect that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In other Autodesk news, COO Steven M. Blum sold 17,344 shares of the business's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the completion of the transaction, the chief operating officer now owns 17,099 shares in the company, valued at $4,616,730. The trade was a 50.36 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Mary T. Mcdowell sold 550 shares of the business's stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $265.50, for a total transaction of $146,025.00. Following the transaction, the director now owns 31,349 shares of the company's stock, valued at $8,323,159.50. This trade represents a 1.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,280 shares of company stock worth $5,232,213 over the last three months. Insiders own 0.14% of the company's stock.

Autodesk 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.