GAMMA Investing LLC Acquires Shares of 1,529 Autodesk, Inc. (NASDAQ:ADSK)

GAMMA Investing LLC bought a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 1,529 shares of the software company’s stock, valued at approximately $388,000.

A number of other hedge funds also recently made changes to their positions in ADSK. Founders Financial Securities LLC purchased a new position in shares of Autodesk in the 3rd quarter worth $206,000. Newbridge Financial Services Group Inc. increased its stake in Autodesk by 61.3% during the third quarter. Newbridge Financial Services Group Inc. now owns 179 shares of the software company’s stock worth $37,000 after acquiring an additional 68 shares during the last quarter. Alta Capital Management LLC increased its stake in Autodesk by 1.0% during the third quarter. Alta Capital Management LLC now owns 182,979 shares of the software company’s stock worth $37,860,000 after acquiring an additional 1,866 shares during the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in Autodesk by 56.9% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 6,466 shares of the software company’s stock valued at $1,338,000 after purchasing an additional 2,346 shares during the period. Finally, Oak Thistle LLC lifted its stake in shares of Autodesk by 47.4% in the 3rd quarter. Oak Thistle LLC now owns 4,377 shares of the software company’s stock valued at $906,000 after purchasing an additional 1,408 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Down 0.8 %

Shares of Autodesk stock traded down $1.85 during trading on Wednesday, hitting $216.08. 1,015,026 shares of the stock traded hands, compared to its average volume of 1,441,469. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23. The stock’s fifty day simple moving average is $250.18 and its 200 day simple moving average is $235.54. The firm has a market cap of $46.22 billion, a P/E ratio of 51.76, a price-to-earnings-growth ratio of 2.98 and a beta of 1.43. Autodesk, Inc. has a 52-week low of $188.38 and a 52-week high of $279.53.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, February 29th. The software company reported $2.09 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 business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter last year, the firm posted $1.26 EPS. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, equities analysts predict that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Insider Buying and Selling 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 sale, the director now directly owns 38,766 shares of the company’s stock, valued at $10,262,910.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Autodesk news, Director Mary T. Mcdowell sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $275.00, for a total transaction of $1,375,000.00. Following the sale, the director now owns 33,766 shares of the company’s stock, valued at approximately $9,285,650. The transaction was disclosed in a legal filing with the SEC, 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 shares were sold at an average price of $264.74, for a total value of $145,607.00. Following the completion of the transaction, the director now directly owns 38,766 shares in the company, valued at $10,262,910.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,166 shares of company stock valued at $9,465,055. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ADSK shares. Piper Sandler Companies boosted their target price on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. StockNews.com raised shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 18th. KeyCorp lifted their price target on shares of Autodesk from $275.00 to $320.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Citigroup increased their price objective on shares of Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Finally, Rosenblatt Securities boosted their target price on Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $272.44.

Autodesk 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.