Tortoise Capital Advisors L.L.C. Takes $6.95 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Tortoise Capital Advisors L.L.C. purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 25,078 shares of the software company’s stock, valued at approximately $6,950,000.

Several other institutional investors have also recently made changes to their positions in ADSK. Norges Bank acquired a new stake in shares of Autodesk during the 4th quarter valued at about $1,054,698,000. Janus Henderson Group PLC lifted its holdings in shares of Autodesk by 48.8% during the 1st quarter. Janus Henderson Group PLC now owns 3,351,545 shares of the software company’s stock valued at $928,911,000 after buying an additional 1,099,348 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of Autodesk by 13.5% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 3,581,219 shares of the software company’s stock valued at $992,533,000 after buying an additional 426,130 shares during the last quarter. Sustainable Growth Advisers LP lifted its holdings in shares of Autodesk by 19.7% during the 1st quarter. Sustainable Growth Advisers LP now owns 2,508,976 shares of the software company’s stock valued at $695,363,000 after buying an additional 413,747 shares during the last quarter. Finally, Neuberger Berman Group LLC lifted its holdings in shares of Autodesk by 118.1% during the 1st quarter. Neuberger Berman Group LLC now owns 683,414 shares of the software company’s stock valued at $189,016,000 after buying an additional 370,093 shares during the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.

NASDAQ:ADSK traded up $6.31 during trading hours on Thursday, reaching $308.09. The company had a trading volume of 28,864 shares, compared to its average volume of 981,496. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.45. The firm has a market cap of $67.78 billion, a price-to-earnings ratio of 51.76, a PEG ratio of 3.04 and a beta of 1.33. The business has a 50-day simple moving average of $285.98. Autodesk, Inc. has a one year low of $215.83 and a one year high of $321.13.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Wednesday, May 26th. The software company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. The company had revenue of $989.30 million for the quarter, compared to analyst estimates of $964.76 million. Autodesk had a return on equity of 104.82% and a net margin of 33.31%. The business’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. As a group, equities research analysts predict that Autodesk, Inc. will post 2.78 earnings per share for the current year.

ADSK has been the subject of several analyst reports. Barclays boosted their target price on Autodesk from $335.00 to $340.00 and gave the stock an “overweight” rating in a report on Friday, May 28th. Stifel Nicolaus initiated coverage on Autodesk in a report on Tuesday, May 25th. They issued a “buy” rating and a $342.00 target price for the company. Morgan Stanley boosted their target price on Autodesk from $266.00 to $269.00 and gave the stock an “equal weight” rating in a report on Friday, May 28th. Rosenblatt Securities assumed coverage on Autodesk in a research report on Monday, June 7th. They issued a “buy” rating and a $320.00 price target on the stock. Finally, Royal Bank of Canada reaffirmed a “buy” rating on shares of Autodesk in a research report on Monday, May 31st. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $312.40.

Autodesk Profile

Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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