Illinois Municipal Retirement Fund Has $9.07 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Illinois Municipal Retirement Fund increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 55.9% during the 4th quarter, Holdings Channel reports. The fund owned 30,693 shares of the software company’s stock after acquiring an additional 11,005 shares during the period. Illinois Municipal Retirement Fund’s holdings in Autodesk were worth $9,072,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. State Street Corp increased its stake in Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after purchasing an additional 288,931 shares in the last quarter. FMR LLC boosted its position in Autodesk by 0.8% in the third quarter. FMR LLC now owns 5,653,602 shares of the software company’s stock worth $1,557,454,000 after purchasing an additional 46,069 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Autodesk by 2.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company’s stock valued at $657,292,000 after buying an additional 61,785 shares during the period. Principal Financial Group Inc. grew its position in shares of Autodesk by 12.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after acquiring an additional 245,816 shares during the period. Finally, Starboard Value LP purchased a new stake in Autodesk in the third quarter worth $510,189,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on ADSK. Bank of America lifted their target price on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Morgan Stanley lifted their price target on Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Scotiabank initiated coverage on shares of Autodesk in a research report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 target price for the company. Citigroup increased their price target on shares of Autodesk from $358.00 to $361.00 and gave the company a “buy” rating in a research report on Friday, November 29th. Finally, HSBC downgraded Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective on the stock. in a report on Friday, November 29th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $334.45.

Autodesk Price Performance

Shares of ADSK stock opened at $283.72 on Wednesday. The business’s fifty day moving average is $297.47 and its 200 day moving average is $286.63. The stock has a market cap of $61.00 billion, a price-to-earnings ratio of 56.29, a PEG ratio of 2.94 and a beta of 1.43. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the business posted $1.33 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Research analysts expect that Autodesk, Inc. will post 5.76 EPS 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.