LMR Partners LLP Takes $12.64 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

LMR Partners LLP acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 45,894 shares of the software company’s stock, valued at approximately $12,643,000.

A number of other large investors also recently modified their holdings of ADSK. Avantax Advisory Services Inc. increased its stake in Autodesk by 9.4% in the 1st quarter. Avantax Advisory Services Inc. now owns 1,417 shares of the software company’s stock worth $369,000 after purchasing an additional 122 shares during the period. Blair William & Co. IL increased its stake in shares of Autodesk by 1.8% during the first quarter. Blair William & Co. IL now owns 13,409 shares of the software company’s stock valued at $3,492,000 after buying an additional 241 shares during the period. Acadian Asset Management LLC increased its stake in shares of Autodesk by 2.9% during the first quarter. Acadian Asset Management LLC now owns 5,703 shares of the software company’s stock valued at $1,482,000 after buying an additional 161 shares during the period. Trustmark National Bank Trust Department purchased a new position in shares of Autodesk during the first quarter valued at approximately $430,000. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Autodesk by 57.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 16,646 shares of the software company’s stock valued at $4,335,000 after buying an additional 6,044 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Autodesk

In other Autodesk news, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the completion of the transaction, the chief operating officer now owns 17,099 shares in the company, valued at approximately $4,616,730. This trade represents a 50.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the transaction, the director now owns 31,349 shares of the company’s stock, valued at approximately $8,323,159.50. This represents a 1.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,280 shares of company stock valued at $5,232,213 in the last quarter. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Down 2.4 %

Autodesk stock opened at $299.15 on Monday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The stock has a market capitalization of $64.32 billion, a price-to-earnings ratio of 61.18, a PEG ratio of 3.82 and a beta of 1.47. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $315.73. The business has a fifty day moving average price of $281.32 and a 200-day moving average price of $251.79.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates 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 59.41% and a net margin of 18.21%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.12 EPS. Equities research analysts forecast that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on ADSK. Morgan Stanley reissued an “overweight” rating and set a $320.00 target price on shares of Autodesk in a research note on Monday, September 30th. Wells Fargo & Company began coverage on Autodesk in a research note on Wednesday, October 16th. They set an “overweight” rating and a $340.00 target price on the stock. Citigroup set a $325.00 target price on Autodesk and gave the company a “buy” rating in a research note on Friday, October 18th. Berenberg Bank lifted their price target on Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Finally, DA Davidson initiated coverage on Autodesk in a research report on Friday, September 27th. They set a “neutral” rating and a $260.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $296.20.

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.