Symmetry Partners LLC Boosts Stake in Autodesk, Inc. (NASDAQ:ADSK)

Symmetry Partners LLC raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 38.6% during the second quarter, Holdings Channel.com reports. The fund owned 1,960 shares of the software company’s stock after purchasing an additional 546 shares during the quarter. Symmetry Partners LLC’s holdings in Autodesk were worth $485,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADSK. Prime Capital Investment Advisors LLC purchased a new position in shares of Autodesk in the 4th quarter worth $385,000. Bleakley Financial Group LLC grew its stake in Autodesk by 6.5% in the fourth quarter. Bleakley Financial Group LLC now owns 3,623 shares of the software company’s stock valued at $882,000 after purchasing an additional 221 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of Autodesk by 11.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 145,055 shares of the software company’s stock worth $35,318,000 after acquiring an additional 15,198 shares in the last quarter. Tobam raised its stake in Autodesk by 32.8% in the fourth quarter. Tobam now owns 766 shares of the software company’s stock valued at $187,000 after buying an additional 189 shares during the last quarter. Finally, Sequoia Financial Advisors LLC raised its position in shares of Autodesk by 226.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 5,523 shares of the software company’s stock valued at $1,345,000 after purchasing an additional 3,831 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 0.5 %

Shares of NASDAQ:ADSK traded up $1.15 on Friday, hitting $240.44. 876,398 shares of the company’s stock were exchanged, compared to its average volume of 1,691,887. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $51.82 billion, a price-to-earnings ratio of 52.04, a price-to-earnings-growth ratio of 3.23 and a beta of 1.48. The business’s 50 day simple moving average is $238.28 and its two-hundred day simple moving average is $239.88. Autodesk, Inc. has a 12 month low of $192.01 and a 12 month high of $279.53.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.10. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same period in the previous year, the business posted $1.55 EPS. Autodesk’s revenue was up 11.7% on a year-over-year basis. Analysts anticipate that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.

Insider Transactions at Autodesk

In other news, COO Steven M. Blum sold 19,693 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $250.00, for a total transaction of $4,923,250.00. Following the transaction, the chief operating officer now owns 34,443 shares of the company’s stock, valued at $8,610,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $253.33, for a total value of $139,331.50. Following the sale, the director now directly owns 31,016 shares in the company, valued at approximately $7,857,283.28. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Steven M. Blum sold 19,693 shares of the stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $250.00, for a total transaction of $4,923,250.00. Following the completion of the transaction, the chief operating officer now owns 34,443 shares in the company, valued at $8,610,750. The disclosure for this sale can be found here. Insiders sold a total of 39,381 shares of company stock worth $9,401,282 in the last ninety days. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of analyst reports. BMO Capital Markets dropped their target price on Autodesk from $293.00 to $254.00 and set a “market perform” rating on the stock in a research report on Wednesday, June 12th. Berenberg Bank cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $295.00 price target for the company. in a report on Wednesday, May 1st. Royal Bank of Canada reissued an “outperform” rating and set a $260.00 price target on shares of Autodesk in a report on Tuesday, June 18th. StockNews.com lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $275.00 target price on shares of Autodesk in a research note on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, Autodesk has a consensus rating of “Hold” and a consensus price target of $262.42.

About Autodesk

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.