Iyo Bank Ltd. Purchases 5,270 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Iyo Bank Ltd. boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 34.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 20,775 shares of the software company’s stock after buying an additional 5,270 shares during the quarter. Autodesk comprises 1.8% of Iyo Bank Ltd.’s investment portfolio, making the stock its 16th largest holding. Iyo Bank Ltd.’s holdings in Autodesk were worth $5,141,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Summit Financial LLC acquired a new position in Autodesk in the second quarter valued at about $301,000. Van ECK Associates Corp lifted its stake in Autodesk by 100.9% in the second quarter. Van ECK Associates Corp now owns 1,642,973 shares of the software company’s stock valued at $406,554,000 after buying an additional 825,165 shares during the period. Banque Cantonale Vaudoise lifted its stake in Autodesk by 7.8% in the second quarter. Banque Cantonale Vaudoise now owns 19,051 shares of the software company’s stock valued at $4,714,000 after buying an additional 1,386 shares during the period. IFG Advisory LLC acquired a new position in Autodesk in the second quarter valued at about $495,000. Finally, Concurrent Investment Advisors LLC lifted its stake in Autodesk by 5.8% in the second quarter. Concurrent Investment Advisors LLC now owns 2,384 shares of the software company’s stock valued at $590,000 after buying an additional 131 shares during the period. Institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ADSK. Berenberg Bank increased their target price on Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a research note on Friday. Mizuho raised their price target on Autodesk from $230.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday. Barclays raised their price target on Autodesk from $275.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday. KeyCorp reiterated an “overweight” rating and set a $305.00 price objective on shares of Autodesk in a report on Monday, August 26th. Finally, Oppenheimer increased their price objective on Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.33.

Insider Buying and Selling at Autodesk

In other news, COO Steven M. Blum sold 17,413 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the completion of the transaction, the chief operating officer now owns 54,136 shares of the company’s stock, valued at approximately $12,256,390.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Steven M. Blum sold 19,693 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was 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 of the company’s stock, valued at approximately $8,610,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Steven M. Blum sold 17,413 shares of the business’s stock in a transaction 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 owns 54,136 shares in the company, valued at approximately $12,256,390.40. The disclosure for this sale can be found here. Insiders sold 39,931 shares of company stock valued at $9,537,781 in the last three months. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

NASDAQ:ADSK traded up $0.17 during mid-day trading on Friday, hitting $258.40. 4,054,902 shares of the stock were exchanged, compared to its average volume of 1,278,129. The stock has a market capitalization of $55.69 billion, a price-to-earnings ratio of 55.93, a price-to-earnings-growth ratio of 3.45 and a beta of 1.48. The firm’s 50-day simple moving average is $245.97 and its 200 day simple moving average is $239.25. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $279.53.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.15. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a return on equity of 64.61% and a net margin of 18.21%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.12 EPS. As a group, equities analysts anticipate that Autodesk, Inc. will post 5.55 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.