World Investment Advisors LLC Buys New Shares in Autodesk, Inc. (NASDAQ:ADSK)

World Investment Advisors LLC purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 14,241 shares of the software company's stock, valued at approximately $3,923,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Livelsberger Financial Advisory bought a new stake in Autodesk in the 3rd quarter valued at $27,000. Transcendent Capital Group LLC bought a new position in shares of Autodesk in the third quarter valued at about $28,000. Concord Wealth Partners acquired a new stake in shares of Autodesk during the 3rd quarter worth about $28,000. Stephens Consulting LLC bought a new stake in shares of Autodesk during the 2nd quarter worth about $32,000. Finally, ORG Partners LLC grew its stake in Autodesk by 116.7% in the 2nd quarter. ORG Partners LLC now owns 143 shares of the software company's stock valued at $35,000 after buying an additional 77 shares during the last quarter. Institutional investors own 90.24% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ADSK shares. UBS Group began coverage on Autodesk in a research report on Monday, December 2nd. They issued a "buy" rating and a $350.00 target price on the stock. Rosenblatt Securities increased their price objective on Autodesk from $295.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. Macquarie began coverage on Autodesk in a report on Thursday. They set an "outperform" rating and a $380.00 target price for the company. DA Davidson initiated coverage on shares of Autodesk in a research note on Friday, September 27th. They issued a "neutral" rating and a $260.00 price target on the stock. Finally, HSBC cut shares of Autodesk from a "buy" rating to a "hold" rating and set a $290.00 price objective for the company. in a research note on Friday, November 29th. Ten analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $323.05.

Autodesk Price Performance

ADSK stock traded down $5.57 during trading on Friday, reaching $303.77. 1,131,004 shares of the company were exchanged, compared to its average volume of 1,587,187. The company has a market capitalization of $65.31 billion, a price-to-earnings ratio of 60.27, a P/E/G ratio of 3.62 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The company has a 50-day moving average of $296.76 and a two-hundred day moving average of $263.57. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month 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 EPS for the quarter, beating analysts' consensus estimates of $2.12 by $0.05. The company had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. Autodesk's revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.33 EPS. As a group, equities analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insider Activity

In other Autodesk news, CAO Stephen W. Hope sold 286 shares of the company's stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the sale, the chief accounting officer now owns 4,879 shares in the company, valued at approximately $1,340,944.36. The trade was a 5.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the sale, the director now directly 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. Over the last three months, insiders have sold 1,936 shares of company stock valued at $549,333. 0.14% of the stock is currently owned by corporate insiders.

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.