Lifestyle Asset Management Inc. Boosts Position in Autodesk, Inc. (NASDAQ:ADSK)

Lifestyle Asset Management Inc. boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 7.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,176 shares of the software company’s stock after purchasing an additional 279 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Autodesk were worth $1,150,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. TD Asset Management Inc lifted its position in shares of Autodesk by 13.0% in the first quarter. TD Asset Management Inc now owns 434,407 shares of the software company’s stock valued at $113,128,000 after acquiring an additional 50,027 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Autodesk by 163.4% during the 1st quarter. Cetera Investment Advisers now owns 61,574 shares of the software company’s stock worth $16,035,000 after purchasing an additional 38,196 shares during the period. Forsta AP Fonden raised its stake in shares of Autodesk by 7.9% in the 3rd quarter. Forsta AP Fonden now owns 51,600 shares of the software company’s stock valued at $14,215,000 after acquiring an additional 3,800 shares during the period. Primecap Management Co. CA lifted its stake in Autodesk by 8.2% during the second quarter. Primecap Management Co. CA now owns 655,900 shares of the software company’s stock worth $162,302,000 after purchasing an additional 49,500 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its stake in Autodesk by 57.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 16,646 shares of the software company’s stock worth $4,335,000 after acquiring an additional 6,044 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $305.51 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. Autodesk, Inc. has a one year low of $195.32 and a one year high of $306.23. The business’s fifty day moving average price is $274.06 and its two-hundred day moving average price is $247.03. The stock has a market cap of $65.68 billion, a PE ratio of 62.48, a price-to-earnings-growth ratio of 3.65 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 EPS. On average, analysts forecast that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Insider Activity

In other Autodesk news, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the sale, the chief accounting officer now owns 4,879 shares in the company, valued at $1,340,944.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Autodesk news, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the sale, the chief accounting officer now owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $285.31, for a total value of $156,920.50. Following the completion of the transaction, the director now owns 30,799 shares in the company, valued at approximately $8,787,262.69. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,280 shares of company stock valued at $5,200,929 over the last quarter. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Oppenheimer boosted their price target on shares of Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. HSBC upgraded shares of Autodesk from a “hold” rating to a “buy” rating and increased their target price for the stock from $242.00 to $299.00 in a report on Tuesday, September 3rd. Mizuho set a $260.00 price target on shares of Autodesk in a research note on Friday, October 18th. Piper Sandler increased their price objective on Autodesk from $239.00 to $257.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Finally, Stifel Nicolaus lifted their target price on Autodesk from $290.00 to $320.00 and gave the company a “buy” rating in a report on Friday, August 30th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $292.95.

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.