Teachers Retirement System of The State of Kentucky acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK – Get Rating) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 20,280 shares of the software company’s stock, valued at approximately $3,789,000.
Other hedge funds also recently modified their holdings of the company. TD Capital Management LLC bought a new position in shares of Autodesk in the 3rd quarter valued at about $30,000. First Manhattan Co. grew its holdings in shares of Autodesk by 342.9% in the 1st quarter. First Manhattan Co. now owns 155 shares of the software company’s stock valued at $33,000 after acquiring an additional 120 shares in the last quarter. Riverview Trust Co grew its holdings in shares of Autodesk by 189.2% in the 3rd quarter. Riverview Trust Co now owns 188 shares of the software company’s stock valued at $35,000 after acquiring an additional 123 shares in the last quarter. Worth Asset Management LLC bought a new position in shares of Autodesk in the 1st quarter valued at about $36,000. Finally, SRS Capital Advisors Inc. grew its holdings in shares of Autodesk by 346.9% in the 2nd quarter. SRS Capital Advisors Inc. now owns 219 shares of the software company’s stock valued at $38,000 after acquiring an additional 170 shares in the last quarter. Institutional investors own 87.89% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on ADSK shares. Credit Suisse Group decreased their price objective on Autodesk from $325.00 to $250.00 and set an “outperform” rating for the company in a report on Monday, February 27th. Piper Sandler lifted their price target on Autodesk from $236.00 to $244.00 and gave the stock an “overweight” rating in a report on Friday, February 24th. StockNews.com initiated coverage on Autodesk in a report on Thursday. They set a “buy” rating for the company. Moffett Nathanson reduced their price target on Autodesk to $177.00 in a report on Thursday, November 24th. Finally, Mizuho lifted their price target on Autodesk from $200.00 to $220.00 and gave the stock a “neutral” rating in a report on Wednesday, February 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $232.40.
Insider Buying and Selling at Autodesk
Autodesk Stock Down 0.7 %
Shares of ADSK opened at $199.11 on Friday. Autodesk, Inc. has a one year low of $163.20 and a one year high of $235.01. The company has a market cap of $42.76 billion, a P/E ratio of 52.67, a P/E/G ratio of 1.81 and a beta of 1.51. The company has a debt-to-equity ratio of 1.99, a current ratio of 0.84 and a quick ratio of 0.73. The firm has a 50 day simple moving average of $208.63 and a two-hundred day simple moving average of $202.37.
Autodesk (NASDAQ:ADSK – Get Rating) last announced its quarterly earnings data on Thursday, February 23rd. The software company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.81 by $0.05. Autodesk had a net margin of 16.44% and a return on equity of 105.43%. The business had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.31 billion. During the same period in the previous year, the business earned $0.98 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. Research analysts forecast that Autodesk, Inc. will post 4.49 EPS for the current fiscal year.
Autodesk announced that its board has authorized a share repurchase program on Tuesday, November 22nd that authorizes the company to buyback $5.00 billion in outstanding shares. This buyback authorization authorizes the software company to buy up to 11.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.
Autodesk, Inc engages in the design of software and services. Its products include AutoCAD, BIM 360, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, and 3ds Max. The firm also offers product development and manufacturing software, which provides manufacturers in the automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions.
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