E Fund Management Co. Ltd. Raises Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

E Fund Management Co. Ltd. boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 21.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,323 shares of the software company’s stock after purchasing an additional 758 shares during the quarter. E Fund Management Co. Ltd.’s holdings in Autodesk were worth $1,070,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. TD Asset Management Inc boosted its position in Autodesk by 153.0% during the fourth quarter. TD Asset Management Inc now owns 384,380 shares of the software company’s stock worth $93,589,000 after purchasing an additional 232,441 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its position in Autodesk by 58.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock worth $4,297,000 after purchasing an additional 6,481 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Autodesk by 12.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 73,893 shares of the software company’s stock worth $17,991,000 after purchasing an additional 8,456 shares in the last quarter. Meyer Handelman Co. acquired a new position in shares of Autodesk during the first quarter valued at approximately $903,000. Finally, Caxton Associates LP raised its holdings in shares of Autodesk by 1,353.8% during the fourth quarter. Caxton Associates LP now owns 97,026 shares of the software company’s stock valued at $23,624,000 after acquiring an additional 90,352 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $265.50, for a total transaction of $146,025.00. Following the completion of the transaction, the director now directly owns 31,349 shares in the company, valued at $8,323,159.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the transaction, the director now directly owns 31,349 shares in the company, valued at $8,323,159.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Steven M. Blum sold 19,693 shares of Autodesk 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 owns 34,443 shares of the company’s stock, valued at $8,610,750. The disclosure for this sale can be found here. Insiders sold a total of 38,762 shares of company stock worth $10,046,302 over the last ninety days. Company insiders own 0.14% of the company’s stock.

Autodesk Trading Down 1.0 %

Shares of Autodesk stock opened at $264.21 on Thursday. The firm 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. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $279.53. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a 50 day moving average of $249.56 and a 200 day moving average of $239.35.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.15. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the prior year, the business posted $1.12 earnings per share. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, research analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current year.

Wall Street Analyst Weigh In

ADSK has been the subject of a number of research analyst reports. BMO Capital Markets increased their target price on Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a report on Friday, August 30th. KeyCorp reissued an “overweight” rating and set a $305.00 target price on shares of Autodesk in a report on Monday, August 26th. Rosenblatt Securities increased their target price on Autodesk from $290.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 30th. Oppenheimer increased their target price on Autodesk from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, Piper Sandler increased their target price on Autodesk from $239.00 to $257.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average target price of $292.17.

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.