Kirtland Hills Capital Management LLC Buys 237 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Kirtland Hills Capital Management LLC grew its stake in Autodesk, Inc. (NASDAQ:ADSK) by 22.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,272 shares of the software company’s stock after acquiring an additional 237 shares during the quarter. Kirtland Hills Capital Management LLC’s holdings in Autodesk were worth $350,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its position in Autodesk by 263.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company’s stock valued at $1,639,279,000 after purchasing an additional 4,563,668 shares during the last quarter. Ninety One UK Ltd lifted its stake in shares of Autodesk by 28.0% in the second quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock worth $1,255,054,000 after buying an additional 1,108,973 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Autodesk by 12.6% during the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after buying an additional 245,816 shares during the last quarter. Legal & General Group Plc raised its holdings in Autodesk by 4.0% in the 2nd quarter. Legal & General Group Plc now owns 2,117,357 shares of the software company’s stock worth $523,940,000 after acquiring an additional 81,314 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in Autodesk by 4.5% in the 3rd quarter. Van ECK Associates Corp now owns 1,717,367 shares of the software company’s stock valued at $491,673,000 after acquiring an additional 74,394 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the completion of the transaction, the director now directly owns 31,349 shares of the company’s stock, valued at approximately $8,323,159.50. The trade was a 1.72 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 286 shares of the stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the sale, the chief accounting officer now directly owns 4,879 shares in the company, valued at $1,340,944.36. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,280 shares of company stock worth $5,232,213. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ADSK. HSBC upgraded Autodesk from a “hold” rating to a “buy” rating and boosted their price target for the stock from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Berenberg Bank upped their target price on shares of Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a research note on Friday, August 30th. DA Davidson started coverage on shares of Autodesk in a research note on Friday, September 27th. They issued a “neutral” rating and a $260.00 price target for the company. Piper Sandler increased their price objective on shares of Autodesk from $239.00 to $257.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Finally, Barclays lifted their target price on shares of Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. 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’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $301.19.

Autodesk Price Performance

NASDAQ:ADSK opened at $305.20 on Wednesday. The business’s 50-day simple moving average is $283.20 and its two-hundred day simple moving average is $253.07. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $315.73. The stock has a market cap of $65.62 billion, a PE ratio of 62.41, a P/E/G ratio of 3.82 and a beta of 1.47. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the company posted $1.12 earnings per share. Autodesk’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, analysts forecast that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

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.