Rakuten Securities Inc. Buys New Shares in Autodesk, Inc. (NASDAQ:ADSK)

Rakuten Securities Inc. purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 115 shares of the software company’s stock, valued at approximately $28,000.

Several other hedge funds have also bought and sold shares of the stock. Slow Capital Inc. lifted its stake in Autodesk by 1.0% in the 4th quarter. Slow Capital Inc. now owns 14,418 shares of the software company’s stock worth $3,510,000 after purchasing an additional 141 shares in the last quarter. Goodman Advisory Group LLC increased its holdings in shares of Autodesk by 0.4% in the 4th quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock worth $2,770,000 after buying an additional 49 shares during the last quarter. Phoenix Wealth Advisors bought a new stake in shares of Autodesk in the 4th quarter worth about $215,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Autodesk by 28.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 205,834 shares of the software company’s stock worth $50,116,000 after buying an additional 45,485 shares during the last quarter. Finally, Everence Capital Management Inc. increased its holdings in shares of Autodesk by 125.7% in the 4th quarter. Everence Capital Management Inc. now owns 5,980 shares of the software company’s stock worth $1,456,000 after buying an additional 3,330 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In other news, CEO Andrew Anagnost sold 21,053 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the completion of the sale, the chief executive officer now owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $264.74, for a total value of $145,607.00. Following the completion of the sale, the director now owns 38,766 shares of the company’s stock, valued at approximately $10,262,910.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Anagnost sold 21,053 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the completion of the sale, the chief executive officer now directly owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The disclosure for this sale can be found here. In the last quarter, insiders sold 38,666 shares of company stock valued at $10,090,055. Company insiders own 0.14% of the company’s stock.

Autodesk Price Performance

Shares of ADSK stock opened at $210.63 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. The company has a market capitalization of $45.05 billion, a P/E ratio of 50.03, a P/E/G ratio of 3.14 and a beta of 1.43. The company’s 50-day simple moving average is $252.86 and its two-hundred day simple moving average is $234.92. Autodesk, Inc. has a one year low of $188.38 and a one year high of $279.53.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 EPS. As a group, equities analysts anticipate that Autodesk, Inc. will post 5.38 EPS for the current year.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of research reports. TheStreet upgraded shares of Autodesk from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Stifel Nicolaus restated a “buy” rating and issued a $316.00 target price on shares of Autodesk in a report on Friday, April 12th. Rosenblatt Securities boosted their target price on shares of Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, March 1st. BMO Capital Markets boosted their target price on shares of Autodesk from $232.00 to $293.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. Finally, KeyCorp upped their price target on shares of Autodesk from $275.00 to $320.00 and gave the company an “overweight” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $272.44.

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.