National Pension Service Has $131.37 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

National Pension Service boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 539,552 shares of the software company’s stock after acquiring an additional 17,032 shares during the quarter. National Pension Service owned 0.25% of Autodesk worth $131,370,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in ADSK. Everpar Advisors LLC acquired a new position in Autodesk in the fourth quarter valued at about $990,000. Barlow Wealth Partners Inc. acquired a new position in shares of Autodesk in the 4th quarter worth approximately $10,255,000. Blue Barn Wealth LLC grew its position in Autodesk by 12.1% during the 4th quarter. Blue Barn Wealth LLC now owns 1,984 shares of the software company’s stock worth $483,000 after acquiring an additional 214 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Autodesk by 3.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,190,215 shares of the software company’s stock valued at $289,794,000 after purchasing an additional 36,535 shares in the last quarter. Finally, Apollon Wealth Management LLC raised its position in Autodesk by 162.0% in the 4th quarter. Apollon Wealth Management LLC now owns 8,465 shares of the software company’s stock valued at $2,061,000 after purchasing an additional 5,234 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling

In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of Autodesk stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the transaction, the chief executive officer now owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of Autodesk stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total value of $5,473,569.47. Following the sale, the chief executive officer now owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 1,757 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total value of $457,645.79. Following the transaction, the chief accounting officer now directly owns 3,450 shares of the company’s stock, valued at $898,621.50. The disclosure for this sale can be found here. In the last three months, insiders sold 36,166 shares of company stock valued at $9,465,055. 0.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ADSK has been the subject of a number of research reports. Berenberg Bank cut Autodesk from a “buy” rating to a “hold” rating and set a $295.00 price target for the company. in a report on Wednesday, May 1st. KeyCorp upped their target price on shares of Autodesk from $275.00 to $320.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. The Goldman Sachs Group raised their price target on shares of Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a report on Friday, March 1st. Mizuho upped their price objective on Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Finally, Piper Sandler Companies boosted their target price on Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $274.67.

Autodesk Trading Down 0.3 %

NASDAQ:ADSK traded down $0.67 during trading hours on Wednesday, hitting $213.95. The stock had a trading volume of 1,132,262 shares, compared to its average volume of 1,470,086. The business’s 50 day moving average is $241.58 and its 200-day moving average is $235.84. The company has a market cap of $46.10 billion, a price-to-earnings ratio of 50.82, a P/E/G ratio of 2.96 and a beta of 1.45. Autodesk, Inc. has a one year low of $190.95 and a one year high of $279.53. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the company earned $1.26 EPS. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. Sell-side analysts anticipate that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

Autodesk 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.