Y Intercept Hong Kong Ltd Acquires Shares of 3,171 Autodesk, Inc. (NASDAQ:ADSK)

Y Intercept Hong Kong Ltd acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 3,171 shares of the software company's stock, valued at approximately $874,000.

Several other large investors have also made changes to their positions in ADSK. State Street Corp increased its position in shares of Autodesk by 3.0% during the third quarter. State Street Corp now owns 9,808,476 shares of the software company's stock worth $2,702,028,000 after purchasing an additional 288,931 shares in the last quarter. FMR LLC boosted its position in Autodesk by 0.8% during the third quarter. FMR LLC now owns 5,653,602 shares of the software company's stock worth $1,557,454,000 after acquiring an additional 46,069 shares during the last quarter. Ninety One UK Ltd grew its stake in Autodesk by 28.0% during the 2nd quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company's stock valued at $1,255,054,000 after acquiring an additional 1,108,973 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Autodesk by 2.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company's stock valued at $657,292,000 after acquiring an additional 61,785 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Autodesk by 12.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock worth $603,947,000 after purchasing an additional 245,816 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Down 1.8 %

ADSK traded down $5.57 during trading hours on Friday, hitting $303.77. 1,131,004 shares of the company's stock were exchanged, compared to its average volume of 1,587,187. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The firm has a market cap of $65.31 billion, a P/E ratio of 61.38, a price-to-earnings-growth ratio of 3.62 and a beta of 1.43. The firm has a 50 day moving average of $296.11 and a 200 day moving average of $262.96.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the business posted $1.33 earnings per share. Autodesk's revenue was up 11.0% compared to the same quarter last year. Analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Mary T. Mcdowell sold 550 shares of the company's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the transaction, the director now directly owns 30,249 shares of the company's stock, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed 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 value of $78,604.24. Following the sale, the chief accounting officer now directly owns 4,879 shares in the company, valued at $1,340,944.36. This trade represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,936 shares of company stock worth $549,333. Company insiders own 0.14% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on ADSK shares. Oppenheimer increased their price target on Autodesk from $300.00 to $350.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. Scotiabank assumed coverage on shares of Autodesk in a report on Monday, November 18th. They issued a "sector outperform" rating and a $360.00 price objective for the company. BMO Capital Markets lifted their target price on shares of Autodesk from $287.00 to $308.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 27th. 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 note on Friday, August 30th. Finally, Hsbc Global Res lowered shares of Autodesk from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $323.05.

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.