ING Groep NV grew its position in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 90.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,691 shares of the software company’s stock after buying an additional 71,490 shares during the period. ING Groep NV owned 0.07% of Autodesk worth $36,690,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Manchester Capital Management LLC lifted its holdings in Autodesk by 12.2% during the 4th quarter. Manchester Capital Management LLC now owns 1,551 shares of the software company’s stock worth $378,000 after buying an additional 169 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its stake in shares of Autodesk by 86.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company’s stock worth $1,959,000 after acquiring an additional 4,381 shares during the period. CWA Asset Management Group LLC purchased a new stake in Autodesk in the 3rd quarter valued at approximately $330,000. abrdn plc boosted its stake in shares of Autodesk by 26.2% in the fourth quarter. abrdn plc now owns 460,759 shares of the software company’s stock valued at $112,186,000 after buying an additional 95,723 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Autodesk during the 4th quarter worth $7,280,000. Institutional investors and hedge funds own 90.24% of the company’s stock.
Autodesk Trading Up 0.4 %
Autodesk stock traded up $0.78 during midday trading on Friday, hitting $221.21. 1,568,015 shares of the stock were exchanged, compared to its average volume of 1,640,699. Autodesk, Inc. has a 52 week low of $192.01 and a 52 week high of $279.53. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $47.67 billion, a PE ratio of 52.54, a P/E/G ratio of 3.04 and a beta of 1.45. The company has a fifty day simple moving average of $235.61 and a two-hundred day simple moving average of $236.66.
Autodesk (NASDAQ:ADSK – Get Free Report) last issued its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.95 by $0.14. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The firm’s revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.26 EPS. Equities research analysts anticipate that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.
Insider Buying and Selling at Autodesk
In other news, Director Mary T. Mcdowell sold 5,000 shares of the stock in a transaction on Friday, March 1st. The shares were sold at an average price of $275.00, for a total transaction of $1,375,000.00. Following the completion of the sale, the director now owns 33,766 shares of the company’s stock, valued at $9,285,650. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director Mary T. Mcdowell sold 5,000 shares of Autodesk stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $275.00, for a total value of $1,375,000.00. Following the sale, the director now owns 33,766 shares of the company’s stock, valued at approximately $9,285,650. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Rebecca Pearce sold 1,628 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $251.54, for a total value of $409,507.12. Following the completion of the sale, the executive vice president now owns 13,620 shares in the company, valued at approximately $3,425,974.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,616 shares of company stock valued at $9,319,448. 0.14% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on ADSK. Mizuho boosted their price target on Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Piper Sandler upped their target price on shares of Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. The Goldman Sachs Group lifted their price target on shares of Autodesk from $180.00 to $230.00 and gave the stock a “sell” rating in a research note on Friday, March 1st. Barclays upped their price objective on Autodesk from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Finally, Piper Sandler Companies raised their price target on shares of Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, Autodesk currently has a consensus rating of “Hold” and an average target price of $274.67.
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.