Victory Capital Management Inc. Has $93.79 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Victory Capital Management Inc. grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 68.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 340,457 shares of the software company’s stock after purchasing an additional 137,749 shares during the quarter. Victory Capital Management Inc. owned approximately 0.16% of Autodesk worth $93,789,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Autodesk by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 19,402,242 shares of the software company’s stock worth $5,052,732,000 after acquiring an additional 363,565 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Autodesk by 263.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company’s stock worth $1,639,279,000 after purchasing an additional 4,563,668 shares during the period. Ninety One UK Ltd increased its stake in shares of Autodesk by 28.0% in the second quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock worth $1,255,054,000 after purchasing an additional 1,108,973 shares during the period. Principal Financial Group Inc. increased its stake in shares of Autodesk by 12.6% in the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after purchasing an additional 245,816 shares during the period. Finally, Legal & General Group Plc lifted its holdings in shares of Autodesk by 4.0% during the second quarter. Legal & General Group Plc now owns 2,117,357 shares of the software company’s stock worth $523,940,000 after buying an additional 81,314 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 1.1 %

Shares of NASDAQ ADSK opened at $313.14 on Thursday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The company has a market cap of $67.33 billion, a price-to-earnings ratio of 64.04, a price-to-earnings-growth ratio of 3.93 and a beta of 1.47. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $315.73. The firm’s 50-day simple moving average is $278.10 and its 200 day simple moving average is $249.83.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 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 net margin of 18.21% and a return on equity of 59.41%. Autodesk’s revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 earnings per share. On average, research analysts expect that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $285.31, for a total value of $156,920.50. Following the completion of the sale, the director now directly owns 30,799 shares of the company’s stock, valued at approximately $8,787,262.69. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Autodesk news, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction on Friday, August 30th. The shares were sold at an average price of $270.00, for a total transaction 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. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Tuesday, October 15th. The stock was 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 $8,787,262.69. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,730 shares of company stock valued at $5,064,430. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on ADSK shares. Morgan Stanley reiterated an “overweight” rating and set a $320.00 price target on shares of Autodesk in a report on Monday, September 30th. Mizuho set a $260.00 target price on shares of Autodesk in a research report on Friday, October 18th. HSBC upgraded shares of Autodesk from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $242.00 to $299.00 in a report on Tuesday, September 3rd. Berenberg Bank boosted their price objective on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Finally, Citigroup set a $325.00 price target on Autodesk and gave the company a “buy” rating in a research note on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $292.95.

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.