540 Shares in Autodesk, Inc. (NASDAQ:ADSK) Acquired by R Squared Ltd

R Squared Ltd acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 540 shares of the software company’s stock, valued at approximately $160,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Starboard Value LP acquired a new stake in shares of Autodesk during the third quarter valued at approximately $510,189,000. International Assets Investment Management LLC lifted its holdings in shares of 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 purchasing an additional 566,826 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Autodesk by 394.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock valued at $156,296,000 after purchasing an additional 452,728 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Autodesk by 36.5% in the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock worth $413,405,000 after buying an additional 387,309 shares during the period. Finally, State Street Corp raised its position in Autodesk by 3.0% during the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after buying an additional 288,931 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s 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 of the company’s stock, valued at $9,227,759.94. The trade was a 1.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

Autodesk Trading Down 1.9 %

Shares of Autodesk stock opened at $304.17 on Thursday. The company has a market cap of $65.40 billion, a price-to-earnings ratio of 60.35, a PEG ratio of 3.55 and a beta of 1.42. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The company’s fifty day simple moving average is $299.46 and its 200-day simple moving average is $278.36. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the firm posted $1.33 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several research analyst reports. Barclays lifted their target price on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Macquarie started coverage on Autodesk in a report on Thursday, December 12th. They set an “outperform” rating and a $380.00 price target for the company. Morgan Stanley increased their price objective on Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. UBS Group began coverage on shares of Autodesk in a research note on Monday, December 2nd. They issued a “buy” rating and a $350.00 target price for the company. Finally, HSBC lowered shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a research note on Friday, November 29th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $331.50.

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.