Toroso Investments LLC boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 27.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,429 shares of the software company’s stock after purchasing an additional 3,149 shares during the period. Toroso Investments LLC’s holdings in Autodesk were worth $3,004,000 as of its most recent SEC filing.
Several other hedge funds also recently added to or reduced their stakes in the company. 3Chopt Investment Partners LLC bought a new position in Autodesk during the 1st quarter valued at about $214,000. Front Row Advisors LLC grew its stake in Autodesk by 6.4% in the 1st quarter. Front Row Advisors LLC now owns 6,363 shares of the software company’s stock worth $1,325,000 after acquiring an additional 380 shares in the last quarter. Ameriprise Financial Inc. grew its stake in Autodesk by 6.0% in the 1st quarter. Ameriprise Financial Inc. now owns 1,835,228 shares of the software company’s stock worth $382,023,000 after acquiring an additional 104,485 shares in the last quarter. Centaurus Financial Inc. grew its stake in Autodesk by 2.7% in the 1st quarter. Centaurus Financial Inc. now owns 41,317 shares of the software company’s stock worth $8,600,000 after acquiring an additional 1,070 shares in the last quarter. Finally, B. Riley Wealth Advisors Inc. grew its stake in Autodesk by 1.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 9,102 shares of the software company’s stock worth $1,895,000 after acquiring an additional 142 shares in the last quarter. 87.92% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have commented on ADSK. BMO Capital Markets upped their target price on shares of Autodesk from $224.00 to $232.00 and gave the stock a “market perform” rating in a research note on Thursday, August 24th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Autodesk from $225.00 to $230.00 and gave the stock a “hold” rating in a research note on Thursday, August 24th. Barclays increased their price objective on shares of Autodesk from $225.00 to $233.00 and gave the company an “overweight” rating in a research note on Thursday, August 24th. Berenberg Bank dropped their price objective on shares of Autodesk from $230.00 to $228.00 and set a “buy” rating on the stock in a research note on Thursday, August 24th. Finally, Royal Bank of Canada increased their price objective on shares of Autodesk from $250.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, August 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $236.28.
Autodesk Trading Up 2.1 %
NASDAQ ADSK opened at $216.67 on Friday. The company has a fifty day simple moving average of $211.09 and a two-hundred day simple moving average of $204.14. The stock has a market cap of $46.32 billion, a P/E ratio of 53.63, a P/E/G ratio of 2.99 and a beta of 1.49. Autodesk, Inc. has a 12-month low of $179.61 and a 12-month high of $233.69. The company has a current ratio of 0.73, a quick ratio of 0.72 and a debt-to-equity ratio of 1.89.
Autodesk (NASDAQ:ADSK – Get Free Report) last posted its quarterly earnings results on Wednesday, August 23rd. The software company reported $1.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.73 by $0.18. The business had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Autodesk had a net margin of 16.77% and a return on equity of 90.61%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same quarter last year, the company posted $1.04 earnings per share. On average, analysts forecast that Autodesk, Inc. will post 4.67 earnings per share for the current year.
Insiders Place Their Bets
In related news, CEO Andrew Anagnost sold 22,318 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $221.90, for a total transaction of $4,952,364.20. Following the completion of the transaction, the chief executive officer now owns 99,327 shares of the company’s stock, valued at $22,040,661.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Andrew Anagnost sold 22,318 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $221.90, for a total transaction of $4,952,364.20. Following the completion of the sale, the chief executive officer now owns 99,327 shares of the company’s stock, valued at $22,040,661.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Rebecca Pearce sold 115 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $220.00, for a total transaction of $25,300.00. Following the sale, the executive vice president now directly owns 22,857 shares of the company’s stock, valued at approximately $5,028,540. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,707 shares of company stock valued at $6,139,461. Insiders own 0.14% of the company’s stock.
Autodesk Company 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.
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