Motley Fool Asset Management LLC Has $2.71 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Motley Fool Asset Management LLC lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 6.0% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,119 shares of the software company’s stock after purchasing an additional 574 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Autodesk were worth $2,707,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. IHT Wealth Management LLC grew its position in shares of Autodesk by 7.9% in the 3rd quarter. IHT Wealth Management LLC now owns 2,302 shares of the software company’s stock valued at $633,000 after purchasing an additional 168 shares during the period. Janus Henderson Group PLC boosted its position in Autodesk by 3.9% during the 3rd quarter. Janus Henderson Group PLC now owns 1,535,538 shares of the software company’s stock worth $423,010,000 after acquiring an additional 56,945 shares during the last quarter. HighTower Advisors LLC boosted its position in Autodesk by 1.7% during the 3rd quarter. HighTower Advisors LLC now owns 63,148 shares of the software company’s stock worth $17,424,000 after acquiring an additional 1,050 shares during the last quarter. HighVista Strategies LLC acquired a new position in Autodesk during the 3rd quarter worth approximately $2,066,000. Finally, Hilltop Holdings Inc. boosted its position in Autodesk by 38.9% during the 3rd quarter. Hilltop Holdings Inc. now owns 2,263 shares of the software company’s stock worth $623,000 after acquiring an additional 634 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on ADSK shares. Rosenblatt Securities upped their price target on Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Oppenheimer upped their price target on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Wells Fargo & Company upped their price target on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. 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 for the company. Finally, Berenberg Bank upped their price objective on Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Ten research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $316.68.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the sale, the director now directly owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the sale, the chief accounting officer now directly owns 4,879 shares in the company, 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. Insiders have sold a total of 1,936 shares of company stock valued at $549,333 in the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $304.23 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.64. The stock’s fifty day moving average price is $291.81 and its two-hundred day moving average price is $259.55. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The firm has a market cap of $65.41 billion, a price-to-earnings ratio of 60.36, a P/E/G ratio of 3.50 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating 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 firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the firm posted $1.33 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities analysts forecast that Autodesk, Inc. will post 5.75 EPS for the current year.

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.