Investment House LLC Purchases 140 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Investment House LLC increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 55,120 shares of the software company’s stock after acquiring an additional 140 shares during the quarter. Autodesk comprises about 0.9% of Investment House LLC’s portfolio, making the stock its 28th largest holding. Investment House LLC’s holdings in Autodesk were worth $13,421,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ADSK. Meritage Group LP bought a new position in shares of Autodesk during the third quarter worth $170,972,000. Los Angeles Capital Management LLC boosted its position in shares of Autodesk by 4,112.0% during the third quarter. Los Angeles Capital Management LLC now owns 446,047 shares of the software company’s stock worth $92,292,000 after acquiring an additional 435,457 shares during the last quarter. Baillie Gifford & Co. lifted its position in Autodesk by 48.0% during the fourth quarter. Baillie Gifford & Co. now owns 1,322,121 shares of the software company’s stock valued at $321,910,000 after purchasing an additional 429,071 shares during the last quarter. AustralianSuper Pty Ltd lifted its position in Autodesk by 24,236.8% during the third quarter. AustralianSuper Pty Ltd now owns 410,075 shares of the software company’s stock valued at $84,849,000 after purchasing an additional 408,390 shares during the last quarter. Finally, Matrix Capital Management Company LP raised its stake in shares of Autodesk by 247.9% in the third quarter. Matrix Capital Management Company LP now owns 414,000 shares of the software company’s stock valued at $85,661,000 after acquiring an additional 295,000 shares during the period. Institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on ADSK shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 price target on shares of Autodesk in a research note on Monday, April 1st. StockNews.com downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday. KeyCorp increased their target price on shares of Autodesk from $275.00 to $320.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Rosenblatt Securities increased their target price on shares of Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $316.00 target price on shares of Autodesk in a research note on Friday, April 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $272.44.

Insider Activity at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $264.74, for a total transaction of $145,607.00. Following the completion of the transaction, the director now owns 38,766 shares of the company’s stock, valued at $10,262,910.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO Stephen W. Hope sold 1,757 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the sale, the chief accounting officer now owns 3,450 shares of the company’s stock, valued at $898,621.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $264.74, for a total transaction of $145,607.00. Following the sale, the director now directly owns 38,766 shares in the company, valued at approximately $10,262,910.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,166 shares of company stock valued at $9,465,055. 0.14% of the stock is owned by company insiders.

Autodesk Trading Down 0.9 %

Shares of ADSK traded down $1.95 during mid-day trading on Monday, reaching $215.98. The stock had a trading volume of 600,420 shares, compared to its average volume of 1,459,283. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. Autodesk, Inc. has a 52-week low of $189.54 and a 52-week high of $279.53. The business’s fifty day moving average is $247.53 and its 200 day moving average is $235.63. The firm has a market cap of $46.20 billion, a price-to-earnings ratio of 51.76, a P/E/G ratio of 3.00 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the firm posted $1.26 earnings per share. Autodesk’s quarterly revenue was up 11.5% on a year-over-year basis. On average, sell-side analysts predict that Autodesk, Inc. will post 5.38 EPS 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.