ANTIPODES PARTNERS Ltd Makes New Investment in Autodesk, Inc. (NASDAQ:ADSK)

ANTIPODES PARTNERS Ltd purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 144 shares of the software company’s stock, valued at approximately $36,000.

Several other institutional investors have also added to or reduced their stakes in ADSK. VisionPoint Advisory Group LLC raised its stake in shares of Autodesk by 21.5% in the fourth quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock worth $58,000 after purchasing an additional 42 shares during the last quarter. Beacon Financial Group boosted its stake in shares of Autodesk by 4.1% in the fourth quarter. Beacon Financial Group now owns 1,248 shares of the software company’s stock worth $304,000 after acquiring an additional 49 shares during the last quarter. First Affirmative Financial Network boosted its stake in shares of Autodesk by 2.8% in the first quarter. First Affirmative Financial Network now owns 1,802 shares of the software company’s stock worth $469,000 after acquiring an additional 49 shares during the last quarter. InTrack Investment Management Inc boosted its stake in shares of Autodesk by 2.3% in the second quarter. InTrack Investment Management Inc now owns 2,189 shares of the software company’s stock worth $542,000 after acquiring an additional 49 shares during the last quarter. Finally, Pacifica Partners Inc. boosted its stake in shares of Autodesk by 83.3% in the second quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock worth $27,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling

In related news, COO Steven M. Blum sold 17,344 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the transaction, the chief operating officer now owns 17,099 shares in the company, valued at approximately $4,616,730. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total value of $136,499.00. Following the transaction, the director now directly owns 31,899 shares in the company, valued at approximately $7,916,693.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the transaction, the chief operating officer now owns 17,099 shares in the company, valued at $4,616,730. The disclosure for this sale can be found here. Insiders have sold 57,275 shares of company stock worth $14,220,661 in the last quarter. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ADSK. Piper Sandler boosted their price objective on Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Berenberg Bank boosted their price objective on Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a report on Friday, August 30th. Barclays boosted their price objective on Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, August 30th. BMO Capital Markets upped their price target on Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a report on Friday, August 30th. Finally, The Goldman Sachs Group upgraded Autodesk from a “sell” rating to a “neutral” rating and upped their price target for the stock from $225.00 to $295.00 in a report on Tuesday. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and a consensus price target of $292.17.

Autodesk Trading Down 1.6 %

ADSK opened at $251.77 on Friday. Autodesk, Inc. has a one year low of $192.01 and a one year high of $279.53. The company has a market cap of $54.26 billion, a P/E ratio of 54.50, a PEG ratio of 3.45 and a beta of 1.48. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. The business’s 50-day simple moving average is $247.07 and its 200-day simple moving average is $239.27.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a return on equity of 64.61% and a net margin of 18.21%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the business posted $1.12 EPS. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, equities research analysts expect that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.

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.