National Pension Service Increases Holdings in Autodesk, Inc. (NASDAQ:ADSK)

National Pension Service lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 659,326 shares of the software company’s stock after acquiring an additional 29,924 shares during the quarter. National Pension Service owned 0.31% of Autodesk worth $194,877,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in shares of Autodesk during the 4th quarter worth approximately $25,000. Concord Wealth Partners purchased a new stake in Autodesk in the 3rd quarter valued at approximately $28,000. Transcendent Capital Group LLC purchased a new stake in Autodesk in the 3rd quarter valued at approximately $28,000. Tradewinds Capital Management LLC lifted its stake in Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after buying an additional 50 shares in the last quarter. Finally, Addison Advisors LLC lifted its stake in Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after buying an additional 74 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $285.67 on Thursday. The firm’s 50 day moving average is $297.33 and its two-hundred day moving average is $286.62. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The firm has a market capitalization of $61.42 billion, a P/E ratio of 56.68, a PEG ratio of 2.94 and a beta of 1.43. 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 announced its quarterly earnings results 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 company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the business earned $1.33 earnings per share. Autodesk’s revenue was up 11.0% compared to the same quarter last year. Analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ADSK. Citigroup boosted their price target on Autodesk from $358.00 to $361.00 and gave the company a “buy” rating in a report on Friday, November 29th. Rosenblatt Securities restated a “buy” rating and set a $325.00 price objective on shares of Autodesk in a report on Tuesday. Morgan Stanley upped their price objective on Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and increased their price target for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Finally, HSBC cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective for the company. in a research report on Friday, November 29th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus price target of $334.45.

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.