Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,192 shares of the software company’s stock after buying an additional 496 shares during the period. Mediolanum International Funds Ltd’s holdings in Autodesk were worth $4,806,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Algert Global LLC purchased a new position in shares of Autodesk during the 2nd quarter valued at approximately $579,000. Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Autodesk by 613.2% in the second quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 41,895 shares of the software company’s stock worth $10,367,000 after buying an additional 36,021 shares during the last quarter. Czech National Bank raised its holdings in Autodesk by 7.7% in the third quarter. Czech National Bank now owns 43,888 shares of the software company’s stock valued at $12,090,000 after acquiring an additional 3,125 shares in the last quarter. Canandaigua National Bank & Trust Co. boosted its stake in Autodesk by 2.8% during the 3rd quarter. Canandaigua National Bank & Trust Co. now owns 4,356 shares of the software company’s stock valued at $1,200,000 after acquiring an additional 120 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in Autodesk by 26.8% during the 3rd quarter. GAMMA Investing LLC now owns 4,653 shares of the software company’s stock worth $1,282,000 after acquiring an additional 984 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the sale, the director now owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.14% of the company’s stock.

Autodesk Stock Up 0.4 %

Autodesk stock opened at $311.34 on Friday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The company has a fifty day simple moving average of $299.08 and a 200 day simple moving average of $279.16. The company has a market cap of $66.94 billion, a P/E ratio of 61.77, a price-to-earnings-growth ratio of 3.59 and a beta of 1.42.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 EPS. Research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on ADSK shares. HSBC cut Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective on the stock. in a research note on Friday, November 29th. BMO Capital Markets raised their price objective on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. KeyCorp raised their price target on shares of Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, Stifel Nicolaus lifted their price target on shares of Autodesk from $340.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and a consensus target price of $331.50.

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.