True Vision MN LLC Has $479,000 Holdings in Autodesk, Inc. (NASDAQ:ADSK)

True Vision MN LLC lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 3.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,738 shares of the software company’s stock after selling 53 shares during the period. True Vision MN LLC’s holdings in Autodesk were worth $479,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. CreativeOne Wealth LLC increased its stake in Autodesk by 109.6% in the third quarter. CreativeOne Wealth LLC now owns 1,708 shares of the software company’s stock valued at $471,000 after acquiring an additional 893 shares during the period. BNP Paribas increased its stake in Autodesk by 153.8% in the third quarter. BNP Paribas now owns 165 shares of the software company’s stock valued at $45,000 after acquiring an additional 100 shares during the period. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Autodesk by 86.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 78,068 shares of the software company’s stock valued at $21,506,000 after acquiring an additional 36,173 shares during the period. Blueshift Asset Management LLC bought a new stake in Autodesk in the third quarter valued at about $1,885,000. Finally, Freedom Investment Management Inc. increased its stake in Autodesk by 7.6% in the third quarter. Freedom Investment Management Inc. now owns 1,779 shares of the software company’s stock valued at $490,000 after acquiring an additional 126 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of recent analyst reports. Piper Sandler boosted their price target 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. Berenberg Bank upped their target price on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Barclays upped 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. Scotiabank started coverage on shares of Autodesk in a research report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 target price on the stock. Finally, Morgan Stanley increased their price objective on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Eight research 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 stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $311.86.

Autodesk Stock Down 0.4 %

Shares of ADSK stock traded down $1.43 during trading hours on Wednesday, hitting $317.96. 2,519,923 shares of the company were exchanged, compared to its average volume of 1,448,773. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The business has a 50 day moving average of $288.49 and a two-hundred day moving average of $256.59. The company has a market capitalization of $68.36 billion, a PE ratio of 65.02, a PEG ratio of 4.08 and a beta of 1.47. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.12 by $0.05. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. Analysts anticipate that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s 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 sale, the director now owns 31,349 shares in the company, valued at approximately $8,323,159.50. This trade represents a 1.72 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Stephen W. Hope sold 286 shares of the firm’s 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 owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,280 shares of company stock worth $5,232,213 over the last quarter. 0.14% of the stock is currently owned by 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.