Mather Group LLC. Acquires 217 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Mather Group LLC. lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 10.4% during the 4th quarter, Holdings Channel reports. The firm owned 2,296 shares of the software company’s stock after purchasing an additional 217 shares during the quarter. Mather Group LLC.’s holdings in Autodesk were worth $678,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Starboard Value LP bought a new position in Autodesk in the third quarter worth approximately $510,189,000. International Assets Investment Management LLC boosted its holdings in Autodesk by 58,375.5% in the third quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company’s stock worth $1,564,170,000 after acquiring an additional 566,826 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Autodesk by 394.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock worth $156,296,000 after acquiring an additional 452,728 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Autodesk by 36.5% in the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock worth $413,405,000 after acquiring an additional 387,309 shares in the last quarter. Finally, State Street Corp boosted its holdings in Autodesk by 3.0% in the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after acquiring an additional 288,931 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ADSK. Stifel Nicolaus raised their target price on Autodesk from $340.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Citigroup raised their target price on Autodesk from $358.00 to $361.00 and gave the company a “buy” rating in a report on Friday, November 29th. Barclays raised their target price on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, November 15th. UBS Group began coverage on Autodesk in a report on Monday, December 2nd. They issued a “buy” rating and a $350.00 target price on the stock. Finally, Rosenblatt Securities raised their target price on Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $333.77.

Insider Activity

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the transaction, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by company insiders.

Autodesk Stock Performance

NASDAQ:ADSK opened at $311.36 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The business has a fifty day simple moving average of $298.59 and a two-hundred day simple moving average of $280.45. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The company has a market capitalization of $66.94 billion, a P/E ratio of 61.78, a P/E/G ratio of 3.67 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the business posted $1.33 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.

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.