Tokio Marine Asset Management Co. Ltd. Has $1.67 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Tokio Marine Asset Management Co. Ltd. increased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 2.0% in the third quarter, HoldingsChannel reports. The firm owned 6,050 shares of the software company’s stock after purchasing an additional 118 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Autodesk were worth $1,667,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. New Covenant Trust Company N.A. bought a new stake in Autodesk during the first quarter worth approximately $25,000. LRI Investments LLC acquired a new stake in shares of Autodesk in the first quarter worth $26,000. Livelsberger Financial Advisory bought a new stake in shares of Autodesk during the 3rd quarter worth $27,000. Transcendent Capital Group LLC acquired a new position in Autodesk in the 3rd quarter valued at $28,000. Finally, Concord Wealth Partners acquired a new position in Autodesk in the 3rd quarter valued at $28,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Autodesk

In other Autodesk news, COO Steven M. Blum sold 17,344 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the transaction, the chief operating officer now owns 17,099 shares of the company’s stock, valued at approximately $4,616,730. The trade was a 50.36 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on 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 sale, the director now owns 31,349 shares of the company’s stock, valued at approximately $8,323,159.50. This trade represents a 1.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 18,730 shares of company stock valued at $5,064,430 in the last ninety days. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

ADSK has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on shares of Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a report on Friday, August 30th. DA Davidson began coverage on Autodesk in a research note on Friday, September 27th. They set a “neutral” rating and a $260.00 target price for the company. Mizuho set a $260.00 price target on Autodesk in a research report on Friday, October 18th. Oppenheimer upped their price target on Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Finally, Wells Fargo & Company started coverage on shares of Autodesk in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $340.00 price objective on the stock. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $292.95.

Autodesk Trading Down 2.1 %

ADSK stock opened at $306.65 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80. The firm has a market cap of $65.93 billion, a P/E ratio of 62.71, a P/E/G ratio of 3.93 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’s 50 day moving average is $279.25 and its 200-day moving average is $250.27.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.15. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the company posted $1.12 earnings per share. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. Equities analysts anticipate that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Autodesk Company 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.