iSAM Funds UK Ltd Raises Position in Autodesk, Inc. (NASDAQ:ADSK)

iSAM Funds UK Ltd boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 32.7% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,185 shares of the software company’s stock after buying an additional 292 shares during the period. iSAM Funds UK Ltd’s holdings in Autodesk were worth $326,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Marshall Financial Group LLC boosted its stake in shares of Autodesk by 0.8% in the third quarter. Marshall Financial Group LLC now owns 4,491 shares of the software company’s stock worth $1,237,000 after acquiring an additional 35 shares during the last quarter. Avitas Wealth Management LLC lifted its holdings in Autodesk by 0.8% in the 3rd quarter. Avitas Wealth Management LLC now owns 5,577 shares of the software company’s stock valued at $1,536,000 after purchasing an additional 42 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its stake in Autodesk by 1.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,875 shares of the software company’s stock worth $959,000 after purchasing an additional 44 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of Autodesk by 28.9% during the third quarter. Meeder Asset Management Inc. now owns 196 shares of the software company’s stock worth $54,000 after buying an additional 44 shares in the last quarter. Finally, Johnson Investment Counsel Inc. raised its position in shares of Autodesk by 5.1% in the second quarter. Johnson Investment Counsel Inc. now owns 920 shares of the software company’s stock valued at $228,000 after buying an additional 45 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the sale, the director now directly owns 31,349 shares in the company, valued at approximately $8,323,159.50. This trade represents a 1.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction on Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the transaction, the chief accounting officer now owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,936 shares of company stock valued at $549,333. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Up 0.8 %

Shares of NASDAQ ADSK opened at $307.71 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The business’s 50 day moving average is $293.16 and its two-hundred day moving average is $260.74. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The firm has a market cap of $66.16 billion, a price-to-earnings ratio of 61.05, a PEG ratio of 3.59 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the business earned $1.33 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several research reports. Robert W. Baird upped their price objective on shares of Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Berenberg Bank boosted their target price on Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Bank of America increased their price target on Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Piper Sandler boosted their price objective on Autodesk from $257.00 to $311.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company raised their target price on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Ten analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $316.68.

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.