Illinois Municipal Retirement Fund Acquires New Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Illinois Municipal Retirement Fund acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,010 shares of the software company’s stock, valued at approximately $736,000.

A number of other large investors have also recently modified their holdings of the stock. Sugarloaf Wealth Management LLC purchased a new position in Autodesk in the 4th quarter worth approximately $27,000. Massey Quick Simon & CO. LLC grew its stake in Autodesk by 235.5% in the 3rd quarter. Massey Quick Simon & CO. LLC now owns 208 shares of the software company’s stock worth $31,000 after buying an additional 146 shares in the last quarter. Parkside Financial Bank & Trust grew its stake in Autodesk by 45.6% in the 3rd quarter. Parkside Financial Bank & Trust now owns 233 shares of the software company’s stock worth $34,000 after buying an additional 73 shares in the last quarter. Marquette Asset Management LLC grew its stake in Autodesk by 454.5% in the 3rd quarter. Marquette Asset Management LLC now owns 244 shares of the software company’s stock worth $36,000 after buying an additional 200 shares in the last quarter. Finally, Bridger Capital Management LLC purchased a new position in Autodesk in the 3rd quarter worth approximately $42,000. 95.11% of the stock is owned by institutional investors.

In other news, SVP Carmel Galvin sold 4,994 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $185.00, for a total value of $923,890.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.12% of the company’s stock.

Shares of ADSK opened at $208.95 on Friday. The firm has a market cap of $45.66 billion, a price-to-earnings ratio of 195.76, a PEG ratio of 1.82 and a beta of 1.85. Autodesk, Inc. has a fifty-two week low of $129.70 and a fifty-two week high of $210.13. The firm has a 50 day moving average price of $194.76 and a 200-day moving average price of $165.73.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 26th. The software company reported $0.78 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.06. The firm had revenue of $842.70 million during the quarter, compared to analyst estimates of $823.95 million. Autodesk had a net margin of 4.74% and a negative return on equity of 113.06%. The business’s quarterly revenue was up 27.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 EPS. Equities research analysts forecast that Autodesk, Inc. will post 1.47 EPS for the current year.

A number of research firms have commented on ADSK. Morgan Stanley boosted their price target on shares of Autodesk from $164.00 to $187.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Zacks Investment Research cut shares of Autodesk from a “hold” rating to a “sell” rating and set a $189.00 price target for the company. in a research note on Thursday, November 28th. BidaskClub raised shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 27th. KeyCorp boosted their price target on shares of Autodesk from $191.00 to $210.00 and gave the stock an “overweight” rating in a research note on Friday, January 10th. Finally, Wells Fargo & Co boosted their price target on shares of Autodesk from $200.00 to $240.00 and gave the stock an “overweight” rating in a research note on Thursday, January 16th. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $191.18.

About Autodesk

Autodesk, Inc operates as a design software 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 professional 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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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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