Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Kessler Investment Group LLC

Kessler Investment Group LLC lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,651 shares of the software company’s stock after buying an additional 538 shares during the quarter. Autodesk comprises approximately 3.3% of Kessler Investment Group LLC’s investment portfolio, making the stock its 10th biggest holding. Kessler Investment Group LLC’s holdings in Autodesk were worth $6,991,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of ADSK. Starboard Value LP acquired a new stake in shares of Autodesk during the 3rd quarter worth approximately $510,189,000. International Assets Investment Management LLC boosted its stake in Autodesk by 58,375.5% during the 3rd quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company’s stock worth $1,564,170,000 after acquiring an additional 566,826 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Autodesk by 394.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock worth $156,296,000 after acquiring an additional 452,728 shares during the last quarter. Franklin Resources Inc. boosted its stake in Autodesk by 36.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock worth $413,405,000 after acquiring an additional 387,309 shares during the last quarter. Finally, State Street Corp boosted its stake in Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after acquiring an additional 288,931 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several recent analyst reports. UBS Group initiated coverage on shares of Autodesk in a research note on Monday, December 2nd. They set a “buy” rating and a $350.00 price objective on the stock. Rosenblatt Securities lifted their price objective on shares of Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Oppenheimer lifted their price objective on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Citigroup lifted their price target on shares of Autodesk from $358.00 to $361.00 and gave the company a “buy” rating in a research note on Friday, November 29th. Finally, Robert W. Baird lifted their price target on shares of Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average target price of $333.77.

Autodesk Price Performance

Shares of ADSK opened at $302.72 on Friday. The company has a market cap of $65.08 billion, a price-to-earnings ratio of 60.06, a PEG ratio of 3.17 and a beta of 1.43. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The company’s fifty day simple moving average is $299.54 and its 200 day simple moving average is $282.88. 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 (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The firm 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 company earned $1.33 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. On average, research analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

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.