Autodesk, Inc. (NASDAQ:ADSK) Position Increased by Mn Services Vermogensbeheer B.V.

Mn Services Vermogensbeheer B.V. lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 2.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 84,100 shares of the software company’s stock after acquiring an additional 1,700 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Autodesk were worth $24,857,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Jag Capital Management LLC purchased a new stake in Autodesk in the 3rd quarter worth about $13,861,000. LMR Partners LLP acquired a new stake in shares of Autodesk during the third quarter worth approximately $12,643,000. Starboard Value LP purchased a new position in Autodesk during the third quarter valued at approximately $510,189,000. China Universal Asset Management Co. Ltd. increased its stake in Autodesk by 196.2% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock valued at $2,394,000 after buying an additional 5,365 shares during the period. Finally, Brookstone Capital Management increased its stake in Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after buying an additional 26,768 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $282.35 on Friday. The company has a market cap of $60.71 billion, a price-to-earnings ratio of 56.02, a PEG ratio of 2.94 and a beta of 1.43. The business has a 50 day moving average price of $297.11 and a 200 day moving average price of $286.59. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the prior year, the business earned $1.33 earnings per share. Autodesk’s revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ADSK shares. Bank of America increased their price objective on Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Oppenheimer raised their price target on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. HSBC cut Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target for the company. in a research note on Friday, November 29th. UBS Group assumed coverage on shares of Autodesk in a research report on Monday, December 2nd. They set a “buy” rating and a $350.00 price objective on the stock. Finally, KeyCorp boosted their target price on shares of Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus price target of $333.45.

Autodesk Company 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.