Harvest Fund Management Co. Ltd Has $457,000 Position in Autodesk, Inc. (NASDAQ:ADSK)

Harvest Fund Management Co. Ltd trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,878 shares of the software company’s stock after selling 62 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Autodesk were worth $457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted its holdings in Autodesk by 86.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company’s stock worth $1,959,000 after acquiring an additional 4,381 shares during the last quarter. CWA Asset Management Group LLC purchased a new position in Autodesk during the 3rd quarter worth $330,000. abrdn plc boosted its holdings in shares of Autodesk by 26.2% in the 4th quarter. abrdn plc now owns 460,759 shares of the software company’s stock worth $112,186,000 after buying an additional 95,723 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Autodesk in the 4th quarter worth about $7,280,000. Finally, International Assets Investment Management LLC boosted its holdings in shares of Autodesk by 3,539.1% in the 4th quarter. International Assets Investment Management LLC now owns 227,410 shares of the software company’s stock worth $55,370,000 after buying an additional 221,161 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Price Performance

Shares of ADSK stock traded down $2.93 during trading on Wednesday, hitting $215.00. The company had a trading volume of 2,574,935 shares, compared to its average volume of 1,462,811. The stock has a market capitalization of $45.99 billion, a price-to-earnings ratio of 51.76, a price-to-earnings-growth ratio of 2.98 and a beta of 1.43. The stock’s 50-day moving average is $250.18 and its two-hundred day moving average is $235.54. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. Autodesk, Inc. has a 52 week low of $188.38 and a 52 week high of $279.53.

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on ADSK. Stifel Nicolaus reissued a “buy” rating and issued a $316.00 price target on shares of Autodesk in a report on Friday, April 12th. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price objective on shares of Autodesk in a research note on Monday, April 1st. KeyCorp boosted their price objective on Autodesk from $275.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. The Goldman Sachs Group boosted their price objective on Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a research note on Friday, March 1st. Finally, Piper Sandler Companies boosted their price objective on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $272.44.

Insider Activity

In other news, CEO Andrew Anagnost sold 21,053 shares of the 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 owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Andrew Anagnost sold 21,053 shares of the 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 owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Deborah Clifford sold 5,553 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $260.01, for a total value of $1,443,835.53. Following the transaction, the chief financial officer now owns 32,259 shares of the company’s stock, valued at approximately $8,387,662.59. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,166 shares of company stock valued at $9,465,055. 0.14% of the stock is currently owned by company 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.