Empirical Finance LLC Acquires 153 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Empirical Finance LLC lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.1% during the 3rd quarter, HoldingsChannel reports. The firm owned 7,394 shares of the software company’s stock after acquiring an additional 153 shares during the period. Empirical Finance LLC’s holdings in Autodesk were worth $2,037,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. CIBC Asset Management Inc raised its stake in shares of Autodesk by 6.1% during the third quarter. CIBC Asset Management Inc now owns 66,819 shares of the software company’s stock valued at $18,407,000 after acquiring an additional 3,843 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in Autodesk by 2.0% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,050 shares of the software company’s stock worth $1,667,000 after acquiring an additional 118 shares in the last quarter. Curi RMB Capital LLC boosted its position in shares of Autodesk by 3.8% during the 3rd quarter. Curi RMB Capital LLC now owns 1,625 shares of the software company’s stock worth $448,000 after purchasing an additional 59 shares in the last quarter. ICICI Prudential Asset Management Co Ltd boosted its holdings in Autodesk by 31.9% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 35,947 shares of the software company’s stock worth $9,903,000 after acquiring an additional 8,696 shares in the last quarter. Finally, Pinnacle Financial Partners Inc grew its position in Autodesk by 8.9% in the 3rd quarter. Pinnacle Financial Partners Inc now owns 1,979 shares of the software company’s stock valued at $545,000 after purchasing an additional 162 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ADSK shares. Mizuho set a $260.00 price objective on Autodesk in a research note on Friday, October 18th. Hsbc Global Res raised shares of Autodesk to a “strong-buy” rating in a report on Tuesday, September 3rd. Royal Bank of Canada raised their price objective on shares of Autodesk from $290.00 to $313.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. KeyCorp restated an “overweight” rating and issued a $305.00 price objective on shares of Autodesk in a research report on Monday, August 26th. Finally, Bank of America boosted their target price on Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $296.20.

Autodesk Stock Performance

Shares of ADSK opened at $299.15 on Friday. The company has a 50-day simple moving average of $281.32 and a two-hundred day simple moving average of $251.23. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $64.32 billion, a PE ratio of 61.18, a price-to-earnings-growth ratio of 4.00 and a beta of 1.47. Autodesk, Inc. has a one year low of $195.32 and a one year high of $315.73.

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

Insider Buying and Selling

In related news, COO Steven M. Blum sold 17,344 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer now owns 17,099 shares in the company, valued at $4,616,730. This represents a 50.36 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk 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 transaction, the director now owns 31,349 shares of the company’s stock, valued at $8,323,159.50. The trade was a 1.72 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,280 shares of company stock worth $5,232,213 in the last three months. 0.14% of the stock is owned by corporate insiders.

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.