Ilmarinen Mutual Pension Insurance Co acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 25,000 shares of the software company’s stock, valued at approximately $5,775,000.
Other hedge funds have also added to or reduced their stakes in the company. Pinnacle Bank grew its stake in shares of Autodesk by 49.5% in the third quarter. Pinnacle Bank now owns 136 shares of the software company’s stock valued at $31,000 after acquiring an additional 45 shares in the last quarter. CX Institutional grew its stake in shares of Autodesk by 233.3% in the second quarter. CX Institutional now owns 160 shares of the software company’s stock valued at $38,000 after acquiring an additional 112 shares in the last quarter. CFM Wealth Partners LLC grew its stake in shares of Autodesk by 45.2% in the second quarter. CFM Wealth Partners LLC now owns 196 shares of the software company’s stock valued at $46,000 after acquiring an additional 61 shares in the last quarter. Tarbox Family Office Inc. grew its stake in Autodesk by 21.9% during the third quarter. Tarbox Family Office Inc. now owns 256 shares of the software company’s stock worth $59,000 after buying an additional 46 shares in the last quarter. Finally, Front Row Advisors LLC grew its stake in Autodesk by 20.3% during the second quarter. Front Row Advisors LLC now owns 273 shares of the software company’s stock worth $65,000 after buying an additional 46 shares in the last quarter. Institutional investors and hedge funds own 90.62% of the company’s stock.
NASDAQ ADSK opened at $240.74 on Tuesday. The company has a market capitalization of $51.65 billion, a price-to-earnings ratio of 118.36, a PEG ratio of 2.89 and a beta of 1.42. Autodesk, Inc. has a twelve month low of $125.38 and a twelve month high of $268.44. The stock has a fifty day simple moving average of $237.84 and a 200 day simple moving average of $225.48. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 24.31.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, August 25th. The software company reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.90 by $0.08. The business had revenue of $913.10 million during the quarter, compared to the consensus estimate of $901.76 million. Autodesk had a negative return on equity of 457.10% and a net margin of 10.26%. Autodesk’s quarterly revenue was up 14.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.65 earnings per share. Research analysts expect that Autodesk, Inc. will post 2.33 earnings per share for the current fiscal year.
A number of brokerages have issued reports on ADSK. Canaccord Genuity increased their price objective on shares of Autodesk from $260.00 to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, August 26th. Barclays increased their price objective on shares of Autodesk from $274.00 to $283.00 and gave the company an “overweight” rating in a research note on Wednesday, August 26th. Oppenheimer upgraded shares of Autodesk from a “market perform” rating to an “outperform” rating and set a $300.00 target price on the stock in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Autodesk from $250.00 to $284.00 in a report on Wednesday, August 26th. Finally, Stifel Nicolaus upped their price target on shares of Autodesk from $245.00 to $262.00 and gave the stock a “buy” rating in a report on Wednesday, August 19th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $242.41.
In other Autodesk news, Director Mary T. Mcdowell sold 8,236 shares of the company’s stock in a transaction on Friday, August 28th. The shares were sold at an average price of $245.64, for a total transaction of $2,023,091.04. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Lorrie M. Norrington sold 2,475 shares of the company’s stock in a transaction on Monday, September 21st. The shares were sold at an average price of $220.80, for a total transaction of $546,480.00. The disclosure for this sale can be found here. Insiders have sold 11,342 shares of company stock worth $2,714,897 in the last ninety days. Insiders own 0.14% of the company’s stock.
Autodesk, Inc operates as a software design and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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