Versor Investments LP Purchases New Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Versor Investments LP bought a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,802 shares of the software company's stock, valued at approximately $496,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Jag Capital Management LLC purchased a new position in Autodesk in the 3rd quarter valued at approximately $13,861,000. Cetera Investment Advisers raised its position in Autodesk by 163.4% in the first quarter. Cetera Investment Advisers now owns 61,574 shares of the software company's stock worth $16,035,000 after purchasing an additional 38,196 shares in the last quarter. Forsta AP Fonden increased its holdings in shares of Autodesk by 7.9% in the third quarter. Forsta AP Fonden now owns 51,600 shares of the software company's stock valued at $14,215,000 after purchasing an additional 3,800 shares in the last quarter. QRG Capital Management Inc. grew its holdings in shares of Autodesk by 32.0% in the 3rd quarter. QRG Capital Management Inc. now owns 13,437 shares of the software company's stock valued at $3,702,000 after buying an additional 3,259 shares during the period. Finally, Primecap Management Co. CA lifted its position in Autodesk by 8.2% during the 2nd quarter. Primecap Management Co. CA now owns 655,900 shares of the software company's stock worth $162,302,000 after buying an additional 49,500 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 286 shares of the firm's 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 $1,340,944.36. This trade represents a 5.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the business's stock in a transaction on Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the sale, the director now owns 31,349 shares of the company's stock, valued at approximately $8,323,159.50. The trade was a 1.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 18,730 shares of company stock valued at $5,064,430 over the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ADSK has been the subject of several research reports. Oppenheimer increased their price objective on shares of Autodesk from $275.00 to $300.00 and gave the company an "outperform" rating in a research note on Friday, August 30th. Barclays boosted their price objective on shares of Autodesk from $310.00 to $355.00 and gave the company an "overweight" rating in a research note on Friday. DA Davidson initiated coverage on shares of Autodesk in a research report on Friday, September 27th. They set a "neutral" rating and a $260.00 price objective on the stock. Wells Fargo & Company began coverage on shares of Autodesk in a research note on Wednesday, October 16th. They set an "overweight" rating and a $340.00 target price on the stock. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $320.00 price objective on shares of Autodesk in a report on Monday, September 30th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $296.20.

Autodesk Stock Performance

Shares of ADSK traded down $7.50 during mid-day trading on Friday, reaching $299.15. 2,298,183 shares of the company's stock were exchanged, compared to its average volume of 1,579,465. The business's fifty day simple moving average is $280.34 and its 200-day simple moving average is $250.66. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $315.73. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $64.32 billion, a PE ratio of 61.08, a price-to-earnings-growth ratio of 4.00 and a beta of 1.47.

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

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.