Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by BNP Paribas

BNP Paribas boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 153.8% in the third quarter, Holdings Channel.com reports. The firm owned 165 shares of the software company’s stock after acquiring an additional 100 shares during the quarter. BNP Paribas’ holdings in Autodesk were worth $45,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Autodesk by 86.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 78,068 shares of the software company’s stock valued at $21,506,000 after purchasing an additional 36,173 shares during the period. Blueshift Asset Management LLC acquired a new stake in shares of Autodesk during the 3rd quarter valued at approximately $1,885,000. Freedom Investment Management Inc. lifted its position in shares of Autodesk by 7.6% during the 3rd quarter. Freedom Investment Management Inc. now owns 1,779 shares of the software company’s stock valued at $490,000 after acquiring an additional 126 shares during the period. Townsquare Capital LLC lifted its position in shares of Autodesk by 2.6% during the 3rd quarter. Townsquare Capital LLC now owns 40,455 shares of the software company’s stock valued at $11,104,000 after acquiring an additional 1,023 shares during the period. Finally, Thematics Asset Management lifted its position in shares of Autodesk by 14.4% during the 3rd quarter. Thematics Asset Management now owns 59,611 shares of the software company’s stock valued at $16,422,000 after acquiring an additional 7,500 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction on Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the transaction, the chief accounting officer now owns 4,879 shares in the company, valued at approximately $1,340,944.36. The trade was a 5.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the transaction, the director now owns 30,249 shares in the company, valued at $9,227,759.94. The trade was a 1.79 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,280 shares of company stock worth $5,232,213. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Down 8.6 %

Shares of NASDAQ ADSK opened at $290.64 on Thursday. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The firm has a fifty day moving average of $289.02 and a 200-day moving average of $256.83. The stock has a market capitalization of $62.49 billion, a PE ratio of 59.44, a P/E/G ratio of 4.08 and a beta of 1.47. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.05. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.33 EPS. On average, analysts anticipate that Autodesk, Inc. will post 5.73 EPS for the current year.

Analysts Set New Price Targets

ADSK has been the subject of a number of research reports. Hsbc Global Res upgraded shares of Autodesk to a “strong-buy” rating in a research report on Tuesday, September 3rd. Stifel Nicolaus lifted their price target on shares of Autodesk from $320.00 to $340.00 and gave the company a “buy” rating in a research report on Friday, November 15th. Bank of America lifted their price target on shares of Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. The Goldman Sachs Group upgraded shares of Autodesk from a “sell” rating to a “neutral” rating and lifted their price target for the company from $225.00 to $295.00 in a research report on Tuesday, September 3rd. Finally, Robert W. Baird lifted their price target on shares of Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Eight research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $315.38.

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.