National Pension Service Purchases 17,032 Shares of Autodesk, Inc. (NASDAQ:ADSK)

National Pension Service boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 3.3% during the 4th quarter, Holdings Channel reports. The fund owned 539,552 shares of the software company’s stock after buying an additional 17,032 shares during the period. National Pension Service’s holdings in Autodesk were worth $131,370,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its position in shares of Autodesk by 8.6% during the third quarter. Commonwealth Equity Services LLC now owns 26,477 shares of the software company’s stock worth $5,478,000 after acquiring an additional 2,092 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Autodesk by 0.5% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 57,516 shares of the software company’s stock valued at $11,901,000 after purchasing an additional 314 shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in Autodesk by 19.4% during the 3rd quarter. Stratos Wealth Partners LTD. now owns 1,448 shares of the software company’s stock worth $300,000 after purchasing an additional 235 shares in the last quarter. Lindbrook Capital LLC raised its stake in shares of Autodesk by 11.4% in the third quarter. Lindbrook Capital LLC now owns 527 shares of the software company’s stock worth $109,000 after purchasing an additional 54 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its holdings in shares of Autodesk by 8.7% in the third quarter. Mackenzie Financial Corp now owns 151,450 shares of the software company’s stock valued at $30,787,000 after purchasing an additional 12,092 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

ADSK has been the subject of a number of analyst reports. Citigroup increased their price target on Autodesk from $276.00 to $307.00 and gave the company a “buy” rating in a research report on Monday, February 26th. BMO Capital Markets boosted their price target on shares of Autodesk from $232.00 to $293.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. StockNews.com downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. Barclays boosted their target price on Autodesk from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Finally, Berenberg Bank downgraded Autodesk from a “buy” rating to a “hold” rating and set a $295.00 price target for the company. in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat.com, Autodesk has a consensus rating of “Hold” and a consensus target price of $274.67.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $264.74, for a total value of $145,607.00. Following the completion of the transaction, the director now directly owns 38,766 shares of the company’s stock, valued at $10,262,910.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CAO Stephen W. Hope sold 1,757 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the transaction, the chief accounting officer now owns 3,450 shares of the company’s stock, valued at $898,621.50. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $264.74, for a total transaction of $145,607.00. Following the completion of the sale, the director now owns 38,766 shares in the company, valued at $10,262,910.84. The disclosure for this sale can be found here. Insiders have sold 36,166 shares of company stock valued at $9,465,055 in the last 90 days. 0.14% of the stock is currently owned by company insiders.

Autodesk Stock Performance

ADSK traded down $0.67 during trading hours on Wednesday, hitting $213.95. The stock had a trading volume of 1,132,262 shares, compared to its average volume of 1,470,086. The stock has a market cap of $46.10 billion, a PE ratio of 50.82, a price-to-earnings-growth ratio of 2.96 and a beta of 1.45. Autodesk, Inc. has a 1 year low of $190.95 and a 1 year high of $279.53. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. The company’s fifty day simple moving average is $241.58 and its 200 day simple moving average is $235.84.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.14. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The company’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company earned $1.26 earnings per share. Equities analysts anticipate that Autodesk, Inc. will post 5.38 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.