HighVista Strategies LLC Invests $2.07 Million in Autodesk, Inc. (NASDAQ:ADSK)

HighVista Strategies LLC bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 7,500 shares of the software company’s stock, valued at approximately $2,066,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. lifted its position in shares of Autodesk by 18.3% in the second quarter. Mather Group LLC. now owns 2,214 shares of the software company’s stock valued at $577,000 after buying an additional 342 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in Autodesk by 4.8% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 3,148 shares of the software company’s stock valued at $779,000 after purchasing an additional 144 shares during the last quarter. Olistico Wealth LLC acquired a new stake in Autodesk during the 2nd quarter valued at $26,000. CWM LLC boosted its position in Autodesk by 0.3% during the second quarter. CWM LLC now owns 68,651 shares of the software company’s stock worth $16,988,000 after purchasing an additional 205 shares during the period. Finally, Linden Thomas Advisory Services LLC increased its holdings in shares of Autodesk by 11.0% in the second quarter. Linden Thomas Advisory Services LLC now owns 3,704 shares of the software company’s stock valued at $917,000 after purchasing an additional 368 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the subject of several research analyst reports. Berenberg Bank lifted their target price on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a report on Friday, August 30th. HSBC cut Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective for the company. in a report on Friday. Robert W. Baird increased their target price on Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Rosenblatt Securities boosted their price target on Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Finally, The Goldman Sachs Group upgraded Autodesk from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $225.00 to $295.00 in a research report on Tuesday, September 3rd. Ten research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $316.68.

Insider Activity

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk 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 transaction, the director now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen W. Hope sold 286 shares of the 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 sale, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at $1,340,944.36. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,936 shares of company stock valued at $549,333. Insiders own 0.14% of the company’s stock.

Autodesk Stock Up 1.6 %

Shares of NASDAQ ADSK opened at $296.65 on Tuesday. The company has a market cap of $63.78 billion, a price-to-earnings ratio of 58.86, a PEG ratio of 3.73 and a beta of 1.47. The company has a current ratio of 0.65, a quick ratio of 0.64 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The stock has a 50-day moving average price of $289.93 and a two-hundred day moving average price of $258.15.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the firm earned $1.33 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. As a group, analysts forecast that Autodesk, Inc. will post 5.79 earnings per share for the current fiscal year.

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.