Lifestyle Asset Management Inc. Grows Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Lifestyle Asset Management Inc. grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 7.2% in the 3rd quarter, Holdings Channel reports. The fund owned 4,176 shares of the software company’s stock after acquiring an additional 279 shares during the period. Lifestyle Asset Management Inc.’s holdings in Autodesk were worth $1,150,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of ADSK. Price T Rowe Associates Inc. MD raised its position in shares of Autodesk by 263.6% in 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 in the last quarter. Ninety One UK Ltd boosted its position in Autodesk by 28.0% during the 2nd quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock valued at $1,255,054,000 after purchasing an additional 1,108,973 shares during the period. Van ECK Associates Corp grew its stake in Autodesk by 100.9% during the 2nd quarter. Van ECK Associates Corp now owns 1,642,973 shares of the software company’s stock worth $406,554,000 after buying an additional 825,165 shares during the last quarter. Point72 Asset Management L.P. increased its position in Autodesk by 366.5% in the second quarter. Point72 Asset Management L.P. now owns 843,040 shares of the software company’s stock worth $208,610,000 after buying an additional 662,339 shares during the period. Finally, International Assets Investment Management LLC lifted its stake in Autodesk by 58,375.5% in the third quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company’s stock valued at $1,564,170,000 after buying an additional 566,826 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ADSK shares. HSBC raised shares of Autodesk from a “hold” rating to a “buy” rating and increased their price objective for the stock from $242.00 to $299.00 in a report on Tuesday, September 3rd. Morgan Stanley reiterated an “overweight” rating and set a $320.00 price objective on shares of Autodesk in a research note on Monday, September 30th. Barclays boosted their target price on Autodesk from $275.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Royal Bank of Canada lifted their price target on Autodesk from $290.00 to $313.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Finally, BMO Capital Markets raised their target price on Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a research note on Friday, August 30th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average price target of $292.95.

Autodesk Price Performance

NASDAQ ADSK opened at $305.51 on Friday. The company has a 50 day moving average price of $274.06 and a two-hundred day moving average price of $247.03. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $306.23. The stock has a market capitalization of $65.68 billion, a PE ratio of 62.48, a price-to-earnings-growth ratio of 3.65 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 return on equity of 59.41% and a net margin of 18.21%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. The business’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company earned $1.12 earnings per share. As a group, equities analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $285.31, for a total transaction of $156,920.50. Following the sale, the director now directly owns 30,799 shares of the company’s stock, valued at approximately $8,787,262.69. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total transaction of $156,920.50. Following the completion of the sale, the director now owns 30,799 shares of the company’s stock, valued at approximately $8,787,262.69. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 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 sale, the chief accounting officer now directly owns 4,879 shares in the company, valued at approximately $1,340,944.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,280 shares of company stock valued at $5,200,929 in the last 90 days. 0.14% of the stock is currently owned by insiders.

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.