Autodesk, Inc. (NASDAQ:ADSK)’s stock position was boosted by Arizona State Retirement System

Arizona State Retirement System raised its position in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 1.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 62,015 shares of the software company’s stock after purchasing an additional 628 shares during the period. Arizona State Retirement System’s holdings in Autodesk were worth $15,346,000 as of its most recent SEC filing.

Other large investors have recently modified their positions in the company. Manchester Capital Management LLC raised its holdings in Autodesk by 12.2% in the 4th quarter. Manchester Capital Management LLC now owns 1,551 shares of the software company’s stock worth $378,000 after purchasing an additional 169 shares in the last quarter. TD Asset Management Inc raised its stake in shares of Autodesk by 153.0% in the fourth quarter. TD Asset Management Inc now owns 384,380 shares of the software company’s stock worth $93,589,000 after purchasing an additional 232,441 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of Autodesk by 58.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock valued at $4,297,000 after purchasing an additional 6,481 shares during the period. Nomura Asset Management Co. Ltd. boosted its stake in Autodesk by 12.9% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 73,893 shares of the software company’s stock valued at $17,991,000 after purchasing an additional 8,456 shares in the last quarter. Finally, Meyer Handelman Co. acquired a new stake in Autodesk in the 1st quarter valued at approximately $903,000. Institutional investors and hedge funds own 90.24% of the company’s shares.

Autodesk trading down 0.6%

NASDAQ ADSK opened at $250.37 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.69, and a debt-to-equity ratio of 1.06. Autodesk, Inc. has a 1 year low of $192.01 and a 1 year high of $279.53. The company’s fifty-day simple moving average is $247.13, and its 200-day simple moving average is $239.22. The company has a market cap of $53.96 billion, a PE ratio of 54.19, a price-to-earnings-growth ratio of 3.45 and a beta of 1.48.

Autodesk (NASDAQ:ADSK – Get Your Free Report ) last released its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a return on equity of 64.61% and a net margin of 18.21%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted EPS of $1.12. As a group, sell-side analysts anticipate that Autodesk, Inc. will post 5.55 earnings per share for the current fiscal year.

Insider activity at Autodesk

In other news, COO Steven M. Blum sold 17,413 shares of the stock in a transaction on Friday, June 14th. The shares were sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the transaction, the chief operating officer now owns 54,136 shares in the company, valued at approximately $12,256,390.40. The sale was disclosed in a filing with the SEC, which is accessible through the SEC’s website. In related news, COO Steven M. Blum sold 19,693 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $250.00, for a total value of $4,923,250.00. Following the completion of the sale, the chief operating officer now directly owns 34,443 shares in the company, valued at approximately $8,610,750. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. Also, COO Steven M. Blum sold 17,413 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $226.40, for a total value of $3,942,303.20. Following the sale, the chief operating officer now directly owns 54,136 shares of the company’s stock, valued at approximately $12,256,390.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 57,275 shares of company stock worth $14,220,661. 0.14% of shares are currently held by corporate insiders.

The Wall Street analyst weighs in

ADSK has been the subject of several recent analyst reports. Citigroup boosted their target price on shares of Autodesk from $316.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday. Robert W. Baird cut their price target on Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a research report on Wednesday, May 29th. Barclays raised their target price on Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Morgan Stanley boosted their price objective on Autodesk from $305.00 to $320.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Finally, Piper Sandler raised their target price on Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Moderate Buy” and an average target price of $292.17, according to data from MarketBeat.com.

Check out the latest stock analysis on ADSK

Autodesk Company Profile

(Free report)

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 pre-construction solution; AutoCAD, a professional design, drafting, detailing and visualization software; AutoCAD LT, a drafting and detailing software; computer-aided manufacturing (CAM) software for machining, inspection and modeling with computer numerical control for production; 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 the media and entertainment collection industries.

See Also

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