Thrivent Financial for Lutherans Grows Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Thrivent Financial for Lutherans raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 101.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 180,394 shares of the software company’s stock after buying an additional 90,913 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of Autodesk worth $49,696,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in the stock. Avantax Advisory Services Inc. boosted its stake in shares of Autodesk by 9.4% during the first quarter. Avantax Advisory Services Inc. now owns 1,417 shares of the software company’s stock valued at $369,000 after purchasing an additional 122 shares in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Autodesk by 2.9% during the first quarter. Acadian Asset Management LLC now owns 5,703 shares of the software company’s stock valued at $1,482,000 after purchasing an additional 161 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of Autodesk by 57.0% during 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 purchasing an additional 6,044 shares in the last quarter. Bessemer Group Inc. boosted its stake in shares of Autodesk by 29.3% during the first quarter. Bessemer Group Inc. now owns 15,377 shares of the software company’s stock valued at $4,004,000 after purchasing an additional 3,485 shares in the last quarter. Finally, Lake Street Advisors Group LLC boosted its stake in shares of Autodesk by 60.3% during the first quarter. Lake Street Advisors Group LLC now owns 2,145 shares of the software company’s stock valued at $559,000 after purchasing an additional 807 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Autodesk

In related news, CAO Stephen W. Hope sold 286 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the sale, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at $1,340,944.36. This represents a 5.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the sale, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,280 shares of company stock worth $5,232,213 in the last ninety days. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ADSK. Citigroup set a $325.00 price objective on shares of Autodesk and gave the company a “buy” rating in a research note on Friday, October 18th. Wells Fargo & Company initiated coverage on shares of Autodesk in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $340.00 target price for the company. Stifel Nicolaus raised their target price on shares of Autodesk from $320.00 to $340.00 and gave the company a “buy” rating in a research note on Friday. The Goldman Sachs Group upgraded shares of Autodesk from a “sell” rating to a “neutral” rating and raised their target price for the company from $225.00 to $295.00 in a research note on Tuesday, September 3rd. Finally, Mizuho set a $260.00 target price on shares of Autodesk in a research note on Friday, October 18th. Eight research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $301.19.

Autodesk Stock Up 1.0 %

ADSK opened at $302.05 on Tuesday. The stock has a market capitalization of $64.94 billion, a price-to-earnings ratio of 61.77, a PEG ratio of 3.82 and a beta of 1.47. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $315.73. The company has a fifty day moving average of $282.25 and a two-hundred day moving average of $252.44. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The firm 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 quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.12 earnings per share. On average, research analysts expect that Autodesk, Inc. will post 5.73 earnings per share for the current year.

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.