Kapitalo Investimentos Ltda Buys Shares of 303 Autodesk, Inc. (NASDAQ:ADSK)

Kapitalo Investimentos Ltda purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 303 shares of the software company’s stock, valued at approximately $74,000.

Several other hedge funds have also made changes to their positions in ADSK. QRG Capital Management Inc. acquired a new stake in shares of Autodesk in the third quarter valued at approximately $1,062,000. Mariner LLC raised its stake in Autodesk by 3.7% during the 3rd quarter. Mariner LLC now owns 23,464 shares of the software company’s stock valued at $4,855,000 after acquiring an additional 835 shares in the last quarter. Federated Hermes Inc. boosted its position in Autodesk by 129.0% during the 3rd quarter. Federated Hermes Inc. now owns 3,526 shares of the software company’s stock worth $730,000 after acquiring an additional 1,986 shares during the period. Northern Trust Corp grew its stake in shares of Autodesk by 1.7% in the third quarter. Northern Trust Corp now owns 2,548,156 shares of the software company’s stock worth $527,239,000 after purchasing an additional 43,293 shares in the last quarter. Finally, Cary Street Partners Investment Advisory LLC increased its holdings in shares of Autodesk by 124.6% during the third quarter. Cary Street Partners Investment Advisory LLC now owns 310 shares of the software company’s stock valued at $64,000 after purchasing an additional 172 shares during the period. Institutional investors own 90.24% of the company’s stock.

Insider Activity

In related news, CFO Deborah Clifford sold 5,553 shares of the stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $260.01, for a total value of $1,443,835.53. Following the completion of the sale, the chief financial officer now directly owns 32,259 shares of the company’s stock, valued at approximately $8,387,662.59. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CFO Deborah Clifford sold 5,553 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $260.01, for a total value of $1,443,835.53. Following the transaction, the chief financial officer now owns 32,259 shares in the company, valued at approximately $8,387,662.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Anagnost sold 21,053 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the sale, the chief executive officer now owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,501 shares of company stock worth $11,714,162. 0.14% of the stock is owned by corporate insiders.

Autodesk Stock Performance

Shares of ADSK opened at $243.51 on Friday. The company has a 50-day moving average of $218.70 and a two-hundred day moving average of $238.15. The stock has a market cap of $52.48 billion, a price-to-earnings ratio of 52.71, a PEG ratio of 3.26 and a beta of 1.43. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69. Autodesk, Inc. has a one year low of $192.01 and a one year high of $279.53.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, June 11th. The software company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.10. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the business posted $1.55 EPS. The company’s revenue was up 11.7% on a year-over-year basis. On average, equities research analysts expect that Autodesk, Inc. will post 5.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Oppenheimer reaffirmed an “outperform” rating and issued a $275.00 price objective on shares of Autodesk in a report on Tuesday. Rosenblatt Securities reiterated a “buy” rating and issued a $290.00 price objective on shares of Autodesk in a report on Wednesday, June 12th. Piper Sandler reiterated a “neutral” rating and set a $239.00 price objective on shares of Autodesk in a research note on Wednesday, June 12th. The Goldman Sachs Group upped their target price on Autodesk from $180.00 to $230.00 and gave the stock a “sell” rating in a research report on Friday, March 1st. Finally, Mizuho lowered their price target on Autodesk from $270.00 to $230.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $262.42.

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.