Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Fmr LLC

Fmr LLC increased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 0.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 5,653,602 shares of the software company’s stock after buying an additional 46,069 shares during the period. Fmr LLC’s holdings in Autodesk were worth $1,557,454,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. New Covenant Trust Company N.A. acquired a new position in shares of Autodesk in the 1st quarter valued at about $25,000. LRI Investments LLC acquired a new position in shares of Autodesk in the 1st quarter valued at about $26,000. Livelsberger Financial Advisory acquired a new position in shares of Autodesk in the 3rd quarter valued at about $27,000. Transcendent Capital Group LLC acquired a new position in shares of Autodesk in the 3rd quarter valued at about $28,000. Finally, Concord Wealth Partners acquired a new position in shares of Autodesk in the 3rd quarter valued at about $28,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the sale, the chief accounting officer now owns 4,879 shares in the company, valued at $1,340,944.36. The trade was a 5.54 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the sale, the director now owns 30,249 shares in the company, valued at $9,227,759.94. This represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,280 shares of company stock worth $5,232,213 in the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Down 0.4 %

NASDAQ ADSK opened at $317.96 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The company’s 50 day simple moving average is $288.49 and its 200 day simple moving average is $256.59. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a market capitalization of $68.36 billion, a P/E ratio of 65.02, a PEG ratio of 4.10 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the firm earned $1.33 EPS. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts expect that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several research reports. Berenberg Bank lifted their price target on shares of Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a report on Friday, August 30th. Stifel Nicolaus boosted their target price on shares of Autodesk from $320.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Citigroup boosted their target price on shares of Autodesk from $325.00 to $358.00 and gave the company a “buy” rating in a research note on Friday, November 22nd. Oppenheimer boosted their target price on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Finally, Mizuho set a $260.00 target price on shares of Autodesk in a research note on Friday, October 18th. Eight analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average 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.