Skopos Labs Inc. Makes New $325,000 Investment in Autodesk, Inc. (NASDAQ:ADSK)

Skopos Labs Inc. purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,336 shares of the software company’s stock, valued at approximately $325,000.

Several other hedge funds also recently modified their holdings of the stock. First Trust Bank Ltd. bought a new stake in shares of Autodesk in the 4th quarter valued at $1,299,000. Team Hewins LLC bought a new stake in shares of Autodesk in the 4th quarter valued at $230,000. TCW Group Inc. increased its stake in Autodesk by 15.4% during the 4th quarter. TCW Group Inc. now owns 25,357 shares of the software company’s stock valued at $6,179,000 after purchasing an additional 3,376 shares in the last quarter. SageView Advisory Group LLC raised its holdings in Autodesk by 0.6% during the fourth quarter. SageView Advisory Group LLC now owns 35,070 shares of the software company’s stock worth $8,994,000 after buying an additional 204 shares during the last quarter. Finally, US Bancorp DE raised its holdings in Autodesk by 2.3% during the fourth quarter. US Bancorp DE now owns 50,443 shares of the software company’s stock worth $12,282,000 after buying an additional 1,117 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ADSK. Piper Sandler upped their price objective on shares of Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. StockNews.com downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. Stifel Nicolaus lowered their price objective on shares of Autodesk from $316.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday. Mizuho upped their price objective on shares of Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Finally, Barclays upped their price objective on shares of Autodesk from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $270.17.

Autodesk Stock Performance

ADSK traded down $0.27 during trading on Friday, hitting $214.89. 1,496,728 shares of the company traded hands, compared to its average volume of 1,401,080. The firm has a market cap of $46.30 billion, a P/E ratio of 51.04, a price-to-earnings-growth ratio of 2.96 and a beta of 1.45. The stock’s fifty day moving average is $231.60 and its 200 day moving average is $237.02. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. Autodesk, Inc. has a one year low of $192.01 and a one year high of $279.53.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.95 by $0.14. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.26 earnings per share. As a group, equities analysts predict that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the sale, the chief executive officer now directly owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CEO Andrew Anagnost sold 21,053 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the sale, the chief executive officer now directly owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Rebecca Pearce sold 1,628 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $251.54, for a total transaction of $409,507.12. Following the completion of the sale, the executive vice president now directly owns 13,620 shares in the company, valued at $3,425,974.80. The disclosure for this sale can be found here. Insiders have sold a total of 35,616 shares of company stock valued at $9,319,448 over the last three months. 0.14% of the stock is currently owned by insiders.

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.