Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Fisher Asset Management LLC

Fisher Asset Management LLC lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.0% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 515,731 shares of the software company’s stock after buying an additional 24,445 shares during the period. Fisher Asset Management LLC’s holdings in Autodesk were worth $142,074,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ADSK. New Covenant Trust Company N.A. acquired a new stake in shares of Autodesk in the first quarter valued at about $25,000. LRI Investments LLC purchased a new position in Autodesk in the 1st quarter worth approximately $26,000. Olistico Wealth LLC acquired a new stake in Autodesk in the second quarter valued at approximately $26,000. Pacifica Partners Inc. raised its stake in shares of Autodesk by 83.3% during the second quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock valued at $27,000 after purchasing an additional 50 shares during the period. Finally, Livelsberger Financial Advisory acquired a new position in shares of Autodesk during the third quarter worth $27,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Autodesk

In related news, CAO Stephen W. Hope sold 286 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the sale, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,280 shares of company stock valued at $5,232,213. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Down 0.6 %

NASDAQ:ADSK opened at $319.39 on Tuesday. The firm has a market capitalization of $68.67 billion, a PE ratio of 65.32, a price-to-earnings-growth ratio of 4.10 and a beta of 1.47. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80. The stock has a 50 day moving average of $287.47 and a 200-day moving average of $255.89.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.15. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. Autodesk’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period last year, the firm posted $1.12 EPS. Analysts predict that Autodesk, Inc. will post 5.73 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ADSK shares. Scotiabank began coverage on shares of Autodesk in a report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price target for the company. DA Davidson began coverage on Autodesk in a research note on Friday, September 27th. They set a “neutral” rating and a $260.00 target price for the company. Royal Bank of Canada boosted their price target on Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. HSBC upgraded Autodesk from a “hold” rating to a “buy” rating and raised their price objective for the company from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Finally, Robert W. Baird upped their target price on Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Eight 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $309.43.

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.