ANTIPODES PARTNERS Ltd Takes $36,000 Position in Autodesk, Inc. (NASDAQ:ADSK)

ANTIPODES PARTNERS Ltd purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, Holdings Channel reports. The fund purchased 144 shares of the software company’s stock, valued at approximately $36,000.

Other hedge funds have also modified their holdings of the company. Manchester Capital Management LLC lifted its holdings in shares of Autodesk by 12.2% in the 4th quarter. Manchester Capital Management LLC now owns 1,551 shares of the software company’s stock valued at $378,000 after buying an additional 169 shares during the period. TD Asset Management Inc lifted its holdings in shares of Autodesk by 153.0% in the 4th quarter. TD Asset Management Inc now owns 384,380 shares of the software company’s stock valued at $93,589,000 after buying an additional 232,441 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of Autodesk by 58.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock valued at $4,297,000 after buying an additional 6,481 shares during the period. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Autodesk by 12.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 73,893 shares of the software company’s stock valued at $17,991,000 after buying an additional 8,456 shares during the period. Finally, Meyer Handelman Co. acquired a new position in Autodesk during the first quarter worth $903,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $251.77 on Friday. The company has a market cap of $54.26 billion, a P/E ratio of 54.50, a P/E/G ratio of 3.45 and a beta of 1.48. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.06. Autodesk, Inc. has a 52 week low of $192.01 and a 52 week high of $279.53. The business has a fifty day simple moving average of $247.07 and a 200-day simple moving average of $239.27.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a return on equity of 64.61% and a net margin of 18.21%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the previous year, the business earned $1.12 earnings per share. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. Equities research analysts forecast that Autodesk, Inc. will post 5.55 EPS for the current year.

Insider Buying and Selling at Autodesk

In other Autodesk news, COO Steven M. Blum sold 17,413 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the completion of the sale, the chief operating officer now owns 54,136 shares of the company’s stock, valued at $12,256,390.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Autodesk news, COO Steven M. Blum sold 17,413 shares of the business’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the transaction, the chief operating officer now owns 54,136 shares in the company, valued at $12,256,390.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Steven M. Blum sold 17,344 shares of the business’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 owns 17,099 shares in the company, valued at approximately $4,616,730. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 57,275 shares of company stock valued at $14,220,661. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ADSK shares. 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. Rosenblatt Securities lifted their price objective on Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Robert W. Baird reduced their price objective on Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a report on Wednesday, May 29th. Berenberg Bank lifted their price objective on Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Finally, Stifel Nicolaus lifted their price objective on Autodesk from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and a consensus target price of $292.17.

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.