Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Commerce Bank

Commerce Bank lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.4% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,537 shares of the software company’s stock after buying an additional 66 shares during the period. Commerce Bank’s holdings in Autodesk were worth $4,556,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Parnassus Investments LLC grew its stake in shares of Autodesk by 35.1% in the 3rd quarter. Parnassus Investments LLC now owns 373,085 shares of the software company’s stock valued at $102,777,000 after purchasing an additional 96,985 shares during the last quarter. B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Autodesk in the 3rd quarter valued at $10,937,000. Banque Cantonale Vaudoise increased its stake in Autodesk by 0.3% in the 3rd quarter. Banque Cantonale Vaudoise now owns 19,099 shares of the software company’s stock valued at $5,261,000 after buying an additional 48 shares during the period. Fifth Third Wealth Advisors LLC raised its position in Autodesk by 17.3% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 2,929 shares of the software company’s stock worth $807,000 after buying an additional 433 shares during the last quarter. Finally, Meeder Asset Management Inc. lifted its stake in shares of Autodesk by 28.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 196 shares of the software company’s stock worth $54,000 after acquiring an additional 44 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. BMO Capital Markets increased their price target on shares of Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a report on Friday, August 30th. Royal Bank of Canada increased their target price on Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Barclays lifted their price target on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Hsbc Global Res raised Autodesk to a “strong-buy” rating in a report on Tuesday, September 3rd. Finally, The Goldman Sachs Group upgraded shares of Autodesk from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $225.00 to $295.00 in a research report on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $309.43.

Autodesk Price Performance

Autodesk stock opened at $321.27 on Friday. The firm’s 50-day moving average is $286.44 and its two-hundred day moving average is $254.61. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $69.07 billion, a P/E ratio of 65.70, a P/E/G ratio of 3.90 and a beta of 1.47. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $321.90.

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

Insider Buying and Selling

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the transaction, the director now directly owns 30,249 shares in the company, valued at $9,227,759.94. This represents a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Stephen W. Hope sold 286 shares of the firm’s stock in a transaction that occurred on 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 directly owns 4,879 shares in the company, valued at $1,340,944.36. This represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,280 shares of company stock worth $5,232,213. 0.14% of the stock is owned by company insiders.

Autodesk 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.