Robeco Institutional Asset Management B.V. Grows Position in Autodesk, Inc. (NASDAQ:ADSK)

Robeco Institutional Asset Management B.V. increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.9% during the third quarter, HoldingsChannel.com reports. The fund owned 239,172 shares of the software company’s stock after buying an additional 4,571 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Autodesk were worth $65,887,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. New Covenant Trust Company N.A. purchased a new position in Autodesk during the first quarter worth approximately $25,000. LRI Investments LLC acquired a new position in shares of Autodesk during the 1st quarter valued at about $26,000. Olistico Wealth LLC purchased a new stake in shares of Autodesk in the second quarter valued at about $26,000. Pacifica Partners Inc. increased its position in Autodesk by 83.3% during the second quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock worth $27,000 after purchasing an additional 50 shares during the last quarter. Finally, Livelsberger Financial Advisory purchased a new position in Autodesk during the third quarter worth about $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ADSK. Oppenheimer upped their target price on shares of Autodesk from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. HSBC raised shares of Autodesk from a “hold” rating to a “buy” rating and increased their price objective for the stock from $242.00 to $299.00 in a research report on Tuesday, September 3rd. Morgan Stanley restated an “overweight” rating and set a $320.00 price target on shares of Autodesk in a research note on Monday, September 30th. Wells Fargo & Company began coverage on Autodesk in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $340.00 price objective for the company. Finally, BMO Capital Markets increased their target price on Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a research note on Friday, August 30th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.95.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total transaction of $156,920.50. Following the transaction, the director now directly owns 30,799 shares in the company, valued at approximately $8,787,262.69. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $285.31, for a total value of $156,920.50. Following the transaction, the director now directly owns 30,799 shares in the company, valued at approximately $8,787,262.69. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of the company’s stock in a transaction that occurred 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 owns 17,099 shares of the company’s stock, valued at $4,616,730. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,280 shares of company stock valued at $5,200,929 over the last quarter. Company insiders own 0.14% of the company’s stock.

Autodesk Trading Up 0.4 %

Shares of Autodesk stock opened at $287.62 on Tuesday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80. The company has a fifty day simple moving average of $272.41 and a 200-day simple moving average of $246.11. The stock has a market cap of $61.84 billion, a price-to-earnings ratio of 58.82, a PEG ratio of 3.60 and a beta of 1.47. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $294.13.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.15. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the company posted $1.12 earnings per share. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. On average, equities analysts forecast that Autodesk, Inc. will post 5.73 EPS 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.