Autodesk, Inc. (NASDAQ:ADSK) Stock Holdings Boosted by Advisors Asset Management Inc.

Advisors Asset Management Inc. lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 10.3% during the third quarter, Holdings Channel reports. The institutional investor owned 14,418 shares of the software company’s stock after buying an additional 1,347 shares during the quarter. Advisors Asset Management Inc.’s holdings in Autodesk were worth $3,972,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ADSK. NS Partners Ltd grew its holdings in Autodesk by 1.9% during the third quarter. NS Partners Ltd now owns 68,186 shares of the software company’s stock worth $18,784,000 after acquiring an additional 1,265 shares during the period. Kirtland Hills Capital Management LLC grew its stake in shares of Autodesk by 22.9% in the 3rd quarter. Kirtland Hills Capital Management LLC now owns 1,272 shares of the software company’s stock worth $350,000 after purchasing an additional 237 shares during the last quarter. Commerce Bank lifted its stake in Autodesk by 0.4% during the third quarter. Commerce Bank now owns 16,537 shares of the software company’s stock valued at $4,556,000 after purchasing an additional 66 shares during the last quarter. Parnassus Investments LLC boosted its holdings in Autodesk by 35.1% during the third quarter. Parnassus Investments LLC now owns 373,085 shares of the software company’s stock worth $102,777,000 after buying an additional 96,985 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Autodesk in the third quarter worth approximately $10,937,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Scotiabank began coverage on Autodesk in a research report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price objective for the company. Piper Sandler increased their price target on Autodesk from $239.00 to $257.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. The Goldman Sachs Group raised Autodesk from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $225.00 to $295.00 in a research note on Tuesday, September 3rd. Rosenblatt Securities raised their target price on shares of Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Royal Bank of Canada lifted their target price on shares of Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $309.43.

Autodesk Trading Up 1.9 %

Shares of NASDAQ ADSK opened at $321.27 on Friday. The business has a 50 day simple moving average of $286.44 and a 200 day simple moving average of $254.61. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $321.90. The stock has a market cap of $69.07 billion, a price-to-earnings ratio of 65.70, a PEG ratio of 3.90 and a beta of 1.47. 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 (NASDAQ:ADSK) last posted 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 company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm posted $1.12 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, research analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 286 shares of the 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 transaction, the chief accounting officer now owns 4,879 shares in the company, valued at $1,340,944.36. This trade represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the sale, the director now owns 30,249 shares of the company’s stock, valued at $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,280 shares of company stock worth $5,232,213 over the last three months. Corporate 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.