Manuka Financial LLC Purchases New Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Manuka Financial LLC purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,077 shares of the software company’s stock, valued at approximately $318,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Caprock Group LLC grew its stake in shares of Autodesk by 4.8% in the 4th quarter. Caprock Group LLC now owns 4,471 shares of the software company’s stock valued at $1,321,000 after purchasing an additional 205 shares during the period. Keudell Morrison Wealth Management bought a new stake in shares of Autodesk in the 4th quarter valued at approximately $203,000. Mediolanum International Funds Ltd grew its stake in shares of Autodesk by 3.2% in the 4th quarter. Mediolanum International Funds Ltd now owns 16,192 shares of the software company’s stock valued at $4,806,000 after purchasing an additional 496 shares during the period. Milestone Asset Management LLC bought a new stake in shares of Autodesk in the 4th quarter valued at approximately $220,000. Finally, Swedbank AB grew its stake in shares of Autodesk by 4.9% in the 4th quarter. Swedbank AB now owns 141,729 shares of the software company’s stock valued at $41,891,000 after purchasing an additional 6,581 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Autodesk Price Performance

ADSK stock opened at $311.34 on Friday. The stock has a 50-day moving average price of $299.08 and a two-hundred day moving average price of $279.16. The stock has a market cap of $66.94 billion, a PE ratio of 61.77, a price-to-earnings-growth ratio of 3.59 and a beta of 1.42. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ADSK shares. Barclays upped their price objective on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Hsbc Global Res downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $280.00 to $400.00 in a report on Tuesday. HSBC downgraded Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price on the stock. in a report on Friday, November 29th. Finally, Macquarie began coverage on Autodesk in a report on Thursday, December 12th. They issued an “outperform” rating and a $380.00 target price on the stock. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average price target of $331.50.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.14% of the stock is currently owned by company insiders.

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.