Natixis Advisors LLC Purchases 9,305 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Natixis Advisors LLC raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.9% in the third quarter, HoldingsChannel.com reports. The firm owned 512,186 shares of the software company’s stock after buying an additional 9,305 shares during the period. Natixis Advisors LLC’s holdings in Autodesk were worth $141,097,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. New Covenant Trust Company N.A. acquired a new position in Autodesk during the 1st quarter valued at about $25,000. LRI Investments LLC purchased a new position in shares of Autodesk during the first quarter valued at approximately $26,000. Livelsberger Financial Advisory bought a new stake in Autodesk during the third quarter worth $27,000. Transcendent Capital Group LLC bought a new position in Autodesk during the 3rd quarter valued at $28,000. Finally, Concord Wealth Partners purchased a new position in Autodesk during the 3rd quarter worth $28,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Activity at Autodesk

In related news, COO Steven M. Blum sold 17,344 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the transaction, the chief operating officer now owns 17,099 shares in the company, valued at $4,616,730. The trade was a 50.36 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Friday, November 15th. The stock was 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 owns 30,249 shares in the company, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,280 shares of company stock worth $5,232,213 in the last three months. 0.14% of the stock is owned by insiders.

Autodesk Trading Down 2.4 %

ADSK stock opened at $299.15 on Friday. Autodesk, Inc. has a one year low of $195.32 and a one year high of $315.73. The company 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. The company’s 50 day moving average price is $281.32 and its two-hundred day moving average price is $251.23. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The business had revenue of $1.51 billion for 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 business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 EPS. As a group, analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ADSK shares. DA Davidson initiated coverage on shares of Autodesk in a research report on Friday, September 27th. They set a “neutral” rating and a $260.00 price target on the stock. Wells Fargo & Company started coverage on shares of Autodesk in a research report on Wednesday, October 16th. They set an “overweight” rating and a $340.00 target price on the stock. Rosenblatt Securities upped their target price on Autodesk from $290.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 30th. Bank of America lifted their price target on Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Finally, The Goldman Sachs Group upgraded Autodesk from a “sell” rating to a “neutral” rating and upped their price objective for the company from $225.00 to $295.00 in a research note on Tuesday, September 3rd. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $296.20.

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.