Dimensional Fund Advisors LP Acquires 188,140 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Dimensional Fund Advisors LP grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 23.1% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 1,001,485 shares of the software company’s stock after purchasing an additional 188,140 shares during the period. Dimensional Fund Advisors LP owned about 0.46% of Autodesk worth $247,802,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in Autodesk by 263.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company’s stock worth $1,639,279,000 after buying an additional 4,563,668 shares in the last quarter. Ninety One UK Ltd grew its stake in shares of Autodesk by 28.0% in the 2nd quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock worth $1,255,054,000 after acquiring an additional 1,108,973 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Autodesk by 100.9% in the second quarter. Van ECK Associates Corp now owns 1,642,973 shares of the software company’s stock valued at $406,554,000 after purchasing an additional 825,165 shares during the last quarter. FIL Ltd lifted its position in shares of Autodesk by 19.6% during the fourth quarter. FIL Ltd now owns 2,921,044 shares of the software company’s stock valued at $711,216,000 after purchasing an additional 479,559 shares in the last quarter. Finally, Morningstar Investment Services LLC boosted its holdings in Autodesk by 349.8% during the fourth quarter. Morningstar Investment Services LLC now owns 491,224 shares of the software company’s stock worth $120,306,000 after purchasing an additional 382,026 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADSK has been the topic of several recent analyst reports. BMO Capital Markets lifted their target price on shares of Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a research report on Friday, August 30th. Mizuho lifted their price target on Autodesk from $230.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Rosenblatt Securities upped their price objective on Autodesk from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, August 30th. KeyCorp reaffirmed an “overweight” rating and set a $305.00 target price on shares of Autodesk in a research report on Monday, August 26th. Finally, Piper Sandler boosted their price target on shares of Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $292.17.

Insider Activity at Autodesk

In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the firm’s stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $250.00, for a total value of $4,923,250.00. Following the completion of the transaction, the chief operating officer now directly owns 34,443 shares of the company’s stock, valued at approximately $8,610,750. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the company’s stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $250.00, for a total value of $4,923,250.00. Following the transaction, the chief operating officer now directly owns 34,443 shares in the company, valued at approximately $8,610,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $248.18, for a total value of $136,499.00. Following the completion of the sale, the director now directly owns 31,899 shares in the company, valued at approximately $7,916,693.82. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 38,762 shares of company stock valued at $10,046,302. Corporate insiders own 0.14% of the company’s stock.

Autodesk Trading Down 1.0 %

Shares of ADSK stock opened at $264.21 on Thursday. The stock has a market capitalization of $56.94 billion, a price-to-earnings ratio of 57.19, a PEG ratio of 3.29 and a beta of 1.48. The company’s fifty day simple moving average is $249.56 and its two-hundred day simple moving average is $239.35. Autodesk, Inc. has a 1 year low of $192.01 and a 1 year high of $279.53. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share (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 firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.12 EPS. As a group, analysts anticipate that Autodesk, Inc. will post 5.73 earnings per share for the current year.

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.