International Assets Investment Management LLC Increases Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

International Assets Investment Management LLC lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 58,375.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 567,797 shares of the software company’s stock after buying an additional 566,826 shares during the quarter. International Assets Investment Management LLC owned 0.26% of Autodesk worth $1,564,170,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. TD Asset Management Inc raised its holdings in shares of Autodesk by 13.0% during the 1st quarter. TD Asset Management Inc now owns 434,407 shares of the software company’s stock valued at $113,128,000 after buying an additional 50,027 shares during the period. Leith Wheeler Investment Counsel Ltd. raised its holdings in shares of Autodesk by 10.9% during the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 50,291 shares of the software company’s stock valued at $13,097,000 after buying an additional 4,932 shares during the period. Cetera Investment Advisers raised its holdings in shares of Autodesk by 163.4% during the 1st quarter. Cetera Investment Advisers now owns 61,574 shares of the software company’s stock valued at $16,035,000 after buying an additional 38,196 shares during the period. Primecap Management Co. CA raised its holdings in shares of Autodesk by 8.2% during the 2nd quarter. Primecap Management Co. CA now owns 655,900 shares of the software company’s stock valued at $162,302,000 after buying an additional 49,500 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its holdings in shares of Autodesk by 57.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 16,646 shares of the software company’s stock valued at $4,335,000 after buying an additional 6,044 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Bank of America lifted their price objective on Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. HSBC upgraded Autodesk from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $242.00 to $299.00 in a report on Tuesday, September 3rd. Oppenheimer lifted their price objective on Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. The Goldman Sachs Group upgraded Autodesk from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $225.00 to $295.00 in a report on Tuesday, September 3rd. Finally, Wells Fargo & Company assumed coverage on Autodesk in a report on Wednesday, October 16th. They set an “overweight” rating and a $340.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus price target of $292.95.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Tuesday, October 15th. The shares were 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 in the company, valued at $8,787,262.69. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total value of $156,920.50. Following the completion of the sale, the director now owns 30,799 shares of the company’s stock, valued at $8,787,262.69. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CAO Stephen W. Hope sold 286 shares of the company’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 completion of the sale, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at $1,340,944.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,280 shares of company stock valued at $5,200,929. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Down 0.8 %

ADSK stock opened at $286.30 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The firm’s 50-day simple moving average is $266.78 and its 200 day simple moving average is $242.99. The stock has a market cap of $61.70 billion, a PE ratio of 61.97, a price-to-earnings-growth ratio of 3.52 and a beta of 1.48. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $294.13.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $1.48 billion. During the same quarter in the previous year, the company posted $1.12 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, sell-side analysts predict that Autodesk, Inc. will post 5.73 EPS for the current 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.