Royal London Asset Management Ltd. increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 8.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,443 shares of the software company’s stock after acquiring an additional 7,294 shares during the period. Royal London Asset Management Ltd.’s holdings in Autodesk were worth $12,016,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. First Bank & Trust raised its position in shares of Autodesk by 326.5% during the 4th quarter. First Bank & Trust now owns 4,129 shares of the software company’s stock valued at $531,000 after buying an additional 3,161 shares during the period. Morgan Stanley increased its holdings in Autodesk by 2.3% in the 3rd quarter. Morgan Stanley now owns 1,843,405 shares of the software company’s stock valued at $287,774,000 after purchasing an additional 41,253 shares during the last quarter. Central Bank & Trust Co. acquired a new stake in Autodesk in the 4th quarter valued at approximately $620,000. Valley Forge Capital Management LP acquired a new stake in Autodesk in the 3rd quarter valued at approximately $11,896,000. Finally, Advisors Asset Management Inc. increased its holdings in Autodesk by 44.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 59,991 shares of the software company’s stock valued at $7,864,000 after purchasing an additional 18,384 shares during the last quarter. 94.83% of the stock is currently owned by institutional investors.
Several equities analysts have commented on ADSK shares. Argus upgraded shares of Autodesk from a “hold” rating to a “buy” rating and set a $160.00 price target for the company in a research note on Friday, November 23rd. Stifel Nicolaus began coverage on shares of Autodesk in a research note on Tuesday, December 18th. They set a “buy” rating and a $163.00 target price for the company. Credit Suisse Group set a $160.00 target price on shares of Autodesk and gave the stock a “buy” rating in a research note on Tuesday, November 20th. BidaskClub upgraded shares of Autodesk from a “hold” rating to a “buy” rating in a research note on Thursday, February 14th. Finally, Deutsche Bank boosted their price target on shares of Autodesk to $180.00 and gave the company a “buy” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eighteen have given a buy rating to the company. Autodesk currently has a consensus rating of “Buy” and a consensus target price of $159.70.
In other news, SVP Fronzo Pascal W. Di sold 6,650 shares of the firm’s stock in a transaction on Wednesday, February 13th. The shares were sold at an average price of $160.00, for a total value of $1,064,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Crawford W. Beveridge sold 1,000 shares of the firm’s stock in a transaction on Thursday, December 6th. The shares were sold at an average price of $136.36, for a total transaction of $136,360.00. The disclosure for this sale can be found here. Corporate insiders own 0.14% of the company’s stock.
Shares of ADSK stock traded up $1.68 during trading hours on Friday, hitting $161.51. The company’s stock had a trading volume of 948,700 shares, compared to its average volume of 1,603,192. The firm has a market capitalization of $35.00 billion, a PE ratio of -100.94, a P/E/G ratio of 2.00 and a beta of 1.88. Autodesk, Inc. has a twelve month low of $111.05 and a twelve month high of $161.78.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 20th. The software company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.27 by $0.02. The business had revenue of $661.00 million during the quarter, compared to analyst estimates of $641.07 million. The firm’s revenue for the quarter was up 28.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.12) earnings per share. Sell-side analysts expect that Autodesk, Inc. will post 0.09 EPS for the current year.
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Autodesk Company Profile
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
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