Hanseatic Management Services Inc. Acquires New Position in Autodesk, Inc. (NASDAQ:ADSK)

Hanseatic Management Services Inc. acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 295 shares of the software company’s stock, valued at approximately $87,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Jag Capital Management LLC purchased a new stake in shares of Autodesk in the third quarter valued at approximately $13,861,000. LMR Partners LLP bought a new stake in Autodesk during the 3rd quarter valued at $12,643,000. Starboard Value LP purchased a new stake in shares of Autodesk in the 3rd quarter worth $510,189,000. Erste Asset Management GmbH bought a new position in shares of Autodesk during the 3rd quarter worth $20,087,000. Finally, Brookstone Capital Management increased its stake in shares of Autodesk by 1,058.9% during the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after buying an additional 26,768 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the sale, the director now owns 30,249 shares in the company, valued at $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.

Autodesk Price Performance

Shares of ADSK opened at $291.45 on Friday. The firm has a market capitalization of $62.66 billion, a PE ratio of 57.83, a price-to-earnings-growth ratio of 3.36 and a beta of 1.42. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The company’s fifty day moving average price is $300.44 and its 200-day moving average price is $275.39. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the company earned $1.33 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. On average, equities research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ADSK. Stifel Nicolaus increased their target price on shares of Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Macquarie initiated coverage on shares of Autodesk in a research note on Thursday, December 12th. They set an “outperform” rating and a $380.00 price objective on the stock. Scotiabank assumed coverage on shares of Autodesk in a report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price objective on the stock. Hsbc Global Res lowered Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Finally, Citigroup lifted their price target on Autodesk from $358.00 to $361.00 and gave the company a “buy” rating in a report on Friday, November 29th. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $326.05.

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.