AJOVista LLC Invests $208,000 in Autodesk, Inc. (NASDAQ:ADSK)

AJOVista LLC bought a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 856 shares of the software company’s stock, valued at approximately $208,000.

Other large investors also recently added to or reduced their stakes in the company. Meritage Group LP bought a new position in shares of Autodesk during the third quarter valued at approximately $170,972,000. Los Angeles Capital Management LLC grew its stake in shares of Autodesk by 4,112.0% during the third quarter. Los Angeles Capital Management LLC now owns 446,047 shares of the software company’s stock valued at $92,292,000 after buying an additional 435,457 shares during the last quarter. Baillie Gifford & Co. grew its stake in shares of Autodesk by 48.0% during the fourth quarter. Baillie Gifford & Co. now owns 1,322,121 shares of the software company’s stock valued at $321,910,000 after buying an additional 429,071 shares during the last quarter. AustralianSuper Pty Ltd grew its stake in shares of Autodesk by 24,236.8% during the third quarter. AustralianSuper Pty Ltd now owns 410,075 shares of the software company’s stock valued at $84,849,000 after buying an additional 408,390 shares during the last quarter. Finally, Matrix Capital Management Company LP grew its stake in shares of Autodesk by 247.9% during the third quarter. Matrix Capital Management Company LP now owns 414,000 shares of the software company’s stock valued at $85,661,000 after buying an additional 295,000 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on ADSK shares. The Goldman Sachs Group upped their target price on Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a research note on Friday, March 1st. KeyCorp boosted their price target on Autodesk from $275.00 to $320.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Citigroup boosted their price target on Autodesk from $276.00 to $307.00 and gave the company a “buy” rating in a report on Monday, February 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Autodesk in a report on Monday, April 1st. Finally, Piper Sandler Companies boosted their price target on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $274.67.

Autodesk Price Performance

Autodesk stock traded up $5.24 during midday trading on Friday, reaching $215.19. The company had a trading volume of 1,197,081 shares, compared to its average volume of 2,034,404. The company has a market capitalization of $46.37 billion, a P/E ratio of 51.11, a P/E/G ratio of 2.96 and a beta of 1.45. Autodesk, Inc. has a 12-month low of $189.54 and a 12-month high of $279.53. The firm’s fifty day simple moving average is $243.24 and its 200-day simple moving average is $235.35. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75.

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

Insider Activity at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the firm’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 transaction, the director now directly owns 38,766 shares of the company’s stock, valued at approximately $10,262,910.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Rebecca Pearce sold 1,628 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $251.54, for a total transaction of $409,507.12. Following the completion of the sale, the executive vice president now owns 13,620 shares in the company, valued at approximately $3,425,974.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $264.74, for a total transaction of $145,607.00. Following the sale, the director now owns 38,766 shares of the company’s stock, valued at approximately $10,262,910.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,166 shares of company stock valued at $9,465,055. 0.14% of the stock is owned by corporate insiders.

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.