Thematics Asset Management Has $16.42 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Thematics Asset Management raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 14.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,611 shares of the software company’s stock after buying an additional 7,500 shares during the quarter. Thematics Asset Management’s holdings in Autodesk were worth $16,422,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ADSK. New Covenant Trust Company N.A. bought a new position in Autodesk during the first quarter worth $25,000. LRI Investments LLC acquired a new position in shares of Autodesk during the first quarter valued at about $26,000. Livelsberger Financial Advisory bought a new stake in shares of Autodesk in the third quarter valued at about $27,000. Transcendent Capital Group LLC acquired a new stake in Autodesk during the third quarter worth about $28,000. Finally, Concord Wealth Partners bought a new position in Autodesk during the third quarter valued at about $28,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the sale, the chief accounting officer now directly owns 4,879 shares in the company, valued at approximately $1,340,944.36. The trade was a 5.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Steven M. Blum sold 17,344 shares of the stock in a transaction on 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 sale, the chief operating officer now directly owns 17,099 shares in the company, valued at approximately $4,616,730. This trade represents a 50.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,280 shares of company stock worth $5,232,213 over the last three months. Insiders own 0.14% of the company’s stock.

Autodesk Stock Down 0.3 %

Shares of NASDAQ:ADSK traded down $0.88 during midday trading on Tuesday, hitting $318.51. The stock had a trading volume of 289,671 shares, compared to its average volume of 1,576,517. The company has a market cap of $68.48 billion, a P/E ratio of 65.32, a PEG ratio of 4.10 and a beta of 1.47. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The business’s 50-day simple moving average is $287.47 and its 200-day simple moving average is $255.89. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80.

Autodesk (NASDAQ:ADSK) last issued 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. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the business posted $1.12 EPS. Autodesk’s revenue was up 11.9% on a year-over-year basis. On average, sell-side analysts forecast that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ADSK. Wells Fargo & Company upped their target price on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday. Bank of America raised their price objective on shares of Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Royal Bank of Canada boosted their target price on Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. The Goldman Sachs Group raised Autodesk from a “sell” rating to a “neutral” rating and raised their price target for the company from $225.00 to $295.00 in a report on Tuesday, September 3rd. Finally, KeyCorp boosted their price objective on Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Eight analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $309.43.

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.