Asset Management One Co. Ltd. Buys 1,672 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Asset Management One Co. Ltd. lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 2.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 84,138 shares of the software company’s stock after purchasing an additional 1,672 shares during the period. Asset Management One Co. Ltd.’s holdings in Autodesk were worth $23,178,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. FORA Capital LLC bought a new position in shares of Autodesk during the first quarter valued at about $384,000. Whittier Trust Co. lifted its holdings in Autodesk by 23.9% in the 1st quarter. Whittier Trust Co. now owns 2,186 shares of the software company’s stock worth $569,000 after buying an additional 422 shares during the period. Geneos Wealth Management Inc. grew its position in shares of Autodesk by 11.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,758 shares of the software company’s stock worth $718,000 after buying an additional 293 shares during the last quarter. Grandfield & Dodd LLC increased its stake in shares of Autodesk by 0.3% during the first quarter. Grandfield & Dodd LLC now owns 139,362 shares of the software company’s stock valued at $36,293,000 after buying an additional 419 shares during the period. Finally, Advisory Alpha LLC increased its stake in shares of Autodesk by 33.4% during the first quarter. Advisory Alpha LLC now owns 1,545 shares of the software company’s stock valued at $402,000 after buying an additional 387 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ADSK shares. Bank of America lifted their price target on shares of Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Wells Fargo & Company assumed coverage on shares of Autodesk in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $340.00 price target for the company. Stifel Nicolaus lifted their price objective on Autodesk from $290.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Rosenblatt Securities increased their target price on Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, KeyCorp restated an “overweight” rating and set a $305.00 price target on shares of Autodesk in a research report on Monday, August 26th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $292.95.

Autodesk Price Performance

ADSK opened at $291.79 on Wednesday. The company’s 50-day simple moving average is $273.11 and its two-hundred day simple moving average is $246.64. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market capitalization of $62.73 billion, a P/E ratio of 59.67, a P/E/G ratio of 3.64 and a beta of 1.47. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $294.13.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data 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. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.12 earnings per share. As a group, analysts predict that Autodesk, Inc. will post 5.73 EPS for the current year.

Insider Activity at Autodesk

In other Autodesk news, COO Steven M. Blum sold 17,344 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the transaction, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at approximately $4,616,730. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Autodesk news, COO Steven M. Blum sold 17,344 shares of the 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 transaction, the chief operating officer now directly owns 17,099 shares in the company, valued at approximately $4,616,730. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction 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 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 position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,280 shares of company stock worth $5,200,929. 0.14% of the stock is 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.