Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH

Posted by Defense World Staff on Apr 2nd, 2023

MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in Autodesk, Inc. (NASDAQ:ADSK – Get Rating) by 140.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,518 shares of the software company’s stock after purchasing an additional 4,386 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH’s holdings in Autodesk were worth $1,405,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Lone Pine Capital LLC acquired a new position in Autodesk during the 3rd quarter worth about $414,972,000. Amundi lifted its stake in Autodesk by 26.5% during the 2nd quarter. Amundi now owns 1,787,226 shares of the software company’s stock worth $305,545,000 after acquiring an additional 374,086 shares in the last quarter. Castleview Partners LLC lifted its stake in Autodesk by 17,410.4% during the 2nd quarter. Castleview Partners LLC now owns 344,779 shares of the software company’s stock worth $2,005,000 after acquiring an additional 342,810 shares in the last quarter. Sei Investments Co. lifted its stake in Autodesk by 107.2% during the 2nd quarter. Sei Investments Co. now owns 555,850 shares of the software company’s stock worth $95,628,000 after acquiring an additional 287,521 shares in the last quarter. Finally, Lazard Asset Management LLC raised its position in Autodesk by 64.4% in the 1st quarter. Lazard Asset Management LLC now owns 579,794 shares of the software company’s stock valued at $124,277,000 after purchasing an additional 227,098 shares in the last quarter. Institutional investors and hedge funds own 87.89% of the company’s stock.

Autodesk Stock Up 3.2 %

Autodesk stock opened at $208.16 on Friday. Autodesk, Inc. has a twelve month low of $163.20 and a twelve month high of $235.01. The stock has a 50 day moving average of $209.12 and a two-hundred day moving average of $202.10. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.99. The stock has a market capitalization of $44.71 billion, a price-to-earnings ratio of 55.07, a PEG ratio of 1.84 and a beta of 1.51.

Autodesk (NASDAQ:ADSK – Get Rating) last posted its quarterly earnings data on Thursday, February 23rd. The software company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.05. Autodesk had a return on equity of 105.43% and a net margin of 16.44%. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period last year, the firm earned $0.98 EPS. The firm’s revenue for the quarter was up 8.8% on a year-over-year basis. As a group, research analysts expect that Autodesk, Inc. will post 4.49 earnings per share for the current year.

Analyst Ratings Changes

ADSK has been the topic of a number of analyst reports. StockNews.com initiated coverage on Autodesk in a research report on Thursday, March 16th. They issued a “buy” rating on the stock. Robert W. Baird reduced their price target on Autodesk from $255.00 to $247.00 in a research report on Friday, February 24th. Mizuho increased their price target on Autodesk from $200.00 to $220.00 and gave the company a “neutral” rating in a research report on Wednesday, February 15th. Piper Sandler increased their price objective on Autodesk from $236.00 to $244.00 and gave the company an “overweight” rating in a report on Friday, February 24th. Finally, Royal Bank of Canada increased their price objective on Autodesk from $225.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, February 17th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $232.40.

Insiders Place Their Bets

In other Autodesk news, CFO Deborah Clifford sold 3,815 shares of the stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $196.75, for a total transaction of $750,601.25. Following the completion of the sale, the chief financial officer now directly owns 18,209 shares of the company’s stock, valued at approximately $3,582,620.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO Deborah Clifford sold 3,815 shares of the firm’s stock in a transaction that occurred on Tuesday, March 28th. The stock was sold at an average price of $196.75, for a total value of $750,601.25. Following the completion of the sale, the chief financial officer now directly owns 18,209 shares of the company’s stock, valued at approximately $3,582,620.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Betsy Rafael sold 309 shares of the firm’s stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $190.96, for a total value of $59,006.64. Following the completion of the sale, the director now directly owns 5,433 shares of the company’s stock, valued at $1,037,485.68. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,016 shares of company stock valued at $2,387,630. 0.11% of the stock is owned by company insiders.

Autodesk Company Profile

(Get Rating)

Autodesk, Inc engages in the design of software and services. Its products include AutoCAD, BIM 360, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, and 3ds Max. The firm also offers product development and manufacturing software, which provides manufacturers in the automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions.