Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Fmr LLC

Fmr LLC increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,653,602 shares of the software company’s stock after acquiring an additional 46,069 shares during the quarter. Fmr LLC owned approximately 2.63% of Autodesk worth $1,557,454,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of ADSK. B. Riley Wealth Advisors Inc. boosted its position in Autodesk by 7.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 6,783 shares of the software company’s stock worth $1,766,000 after acquiring an additional 448 shares during the last quarter. Tidal Investments LLC boosted its position in Autodesk by 1.6% during the first quarter. Tidal Investments LLC now owns 24,963 shares of the software company’s stock worth $6,501,000 after acquiring an additional 395 shares during the last quarter. Plato Investment Management Ltd boosted its position in Autodesk by 1,010.4% during the first quarter. Plato Investment Management Ltd now owns 4,175 shares of the software company’s stock worth $1,087,000 after acquiring an additional 3,799 shares during the last quarter. New Covenant Trust Company N.A. acquired a new stake in Autodesk during the first quarter worth approximately $25,000. Finally, Citizens Financial Group Inc. RI acquired a new stake in Autodesk during the first quarter worth approximately $251,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of analyst reports. Oppenheimer raised their target price on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Wells Fargo & Company lifted their price target on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. HSBC upgraded shares of Autodesk from a “hold” rating to a “buy” rating and lifted their price target for the company from $242.00 to $299.00 in a report on Tuesday, September 3rd. Bank of America lifted their price target on shares of Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Finally, DA Davidson assumed coverage on shares of Autodesk in a report on Friday, September 27th. They issued a “neutral” rating and a $260.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $309.43.

Autodesk Stock Performance

Autodesk stock opened at $317.96 on Wednesday. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company has a market capitalization of $68.36 billion, a price-to-earnings ratio of 65.02, a price-to-earnings-growth ratio of 4.10 and a beta of 1.47. 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 firm’s fifty day moving average price is $288.49 and its 200 day moving average price is $256.59.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.05. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the firm posted $1.33 EPS. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. On average, research analysts forecast that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Insider Buying and Selling

In other Autodesk news, COO Steven M. Blum sold 17,344 shares of the firm’s stock in a transaction 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 directly owns 17,099 shares of the company’s stock, valued at $4,616,730. This trade represents a 50.36 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction 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 directly owns 31,349 shares of the company’s stock, valued at approximately $8,323,159.50. This represents a 1.72 % 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 valued at $5,232,213 in the last quarter. Company 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.