Asset Management One Co. Ltd. Grows Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Asset Management One Co. Ltd. boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 2.0% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 84,138 shares of the software company’s stock after buying 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.

A number of other institutional investors and hedge funds have also bought and sold shares of ADSK. National Pension Service grew its position in shares of Autodesk by 10.9% during the third quarter. National Pension Service now owns 629,402 shares of the software company’s stock worth $173,388,000 after purchasing an additional 61,622 shares in the last quarter. Vestor Capital LLC grew its stake in Autodesk by 41.2% during the third quarter. Vestor Capital LLC now owns 812 shares of the software company’s stock valued at $224,000 after acquiring an additional 237 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its stake in Autodesk by 1.9% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 239,172 shares of the software company’s stock worth $65,887,000 after purchasing an additional 4,571 shares in the last quarter. BSW Wealth Partners grew its position in shares of Autodesk by 7.2% during the third quarter. BSW Wealth Partners now owns 1,557 shares of the software company’s stock valued at $429,000 after purchasing an additional 105 shares in the last quarter. Finally, Van ECK Associates Corp lifted its position in shares of Autodesk by 4.5% in the third quarter. Van ECK Associates Corp now owns 1,717,367 shares of the software company’s stock worth $491,673,000 after buying an additional 74,394 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on ADSK. Mizuho set a $260.00 price objective on Autodesk in a report on Friday, October 18th. KeyCorp reiterated an “overweight” rating and set a $305.00 price objective on shares of Autodesk in a research report on Monday, August 26th. Royal Bank of Canada boosted their target price on shares of Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Piper Sandler increased their price target on shares of Autodesk from $239.00 to $257.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Finally, Hsbc Global Res raised shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $292.95.

Autodesk Price Performance

NASDAQ ADSK opened at $291.79 on Wednesday. The company has a market cap of $62.73 billion, a PE ratio of 59.67, a P/E/G ratio of 3.64 and a beta of 1.47. The firm’s 50 day moving average price is $273.11 and its 200-day moving average price 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. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $294.13.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.15. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 EPS. Sell-side analysts forecast that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In other news, COO Steven M. Blum sold 17,344 shares of Autodesk 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 owns 17,099 shares of the company’s stock, valued at $4,616,730. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total transaction of $136,499.00. Following the transaction, the director now directly owns 31,899 shares in the company, valued at $7,916,693.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Steven M. Blum sold 17,344 shares of the stock in a transaction dated 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 completion of the sale, the chief operating officer now 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,280 shares of company stock valued at $5,200,929. 0.14% of the stock is currently owned by insiders.

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.