Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Davidson Capital Management Inc.

Davidson Capital Management Inc. lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 22.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,122 shares of the software company’s stock after purchasing an additional 2,411 shares during the quarter. Autodesk accounts for approximately 1.0% of Davidson Capital Management Inc.’s portfolio, making the stock its 22nd largest holding. Davidson Capital Management Inc.’s holdings in Autodesk were worth $3,247,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ADSK. Price T Rowe Associates Inc. MD grew its position 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 valued at $1,639,279,000 after buying an additional 4,563,668 shares during the period. Ninety One UK Ltd boosted its stake in shares of Autodesk by 28.0% in the second 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 during the last quarter. Van ECK Associates Corp increased its position in shares of Autodesk by 100.9% during the second quarter. Van ECK Associates Corp now owns 1,642,973 shares of the software company’s stock worth $406,554,000 after purchasing an additional 825,165 shares in the last quarter. FIL Ltd increased 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 worth $711,216,000 after purchasing an additional 479,559 shares in the last quarter. Finally, Morningstar Investment Services LLC lifted its holdings in Autodesk by 349.8% in the 4th quarter. Morningstar Investment Services LLC now owns 491,224 shares of the software company’s stock valued at $120,306,000 after purchasing an additional 382,026 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ADSK. Robert W. Baird dropped their target price on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a report on Wednesday, May 29th. Rosenblatt Securities upped their price objective on shares of Autodesk from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, August 30th. HSBC raised shares of Autodesk from a “hold” rating to a “buy” rating and raised their target price for the stock from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Bank of America boosted their target price on Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Finally, BMO Capital Markets increased their price target on Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a report on Friday, August 30th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $292.17.

Insider Buying and Selling at Autodesk

In other news, COO Steven M. Blum sold 19,693 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $250.00, for a total transaction of $4,923,250.00. Following the completion of the transaction, the chief operating officer now directly owns 34,443 shares in the company, valued at $8,610,750. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, COO Steven M. Blum sold 19,693 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $250.00, for a total transaction of $4,923,250.00. Following the transaction, the chief operating officer now owns 34,443 shares of the company’s stock, valued at approximately $8,610,750. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Monday, September 16th. The shares were 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 of the company’s stock, valued at $8,323,159.50. The disclosure for this sale can be found here. Insiders have sold a total of 38,762 shares of company stock valued at $10,046,302 over the last quarter. 0.14% of the stock is owned by company insiders.

Autodesk Stock Performance

NASDAQ ADSK opened at $269.76 on Friday. The stock has a fifty day simple moving average of $249.98 and a 200-day simple moving average of $239.56. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80. The stock has a market cap of $58.14 billion, a PE ratio of 58.39, a P/E/G ratio of 3.29 and a beta of 1.48. Autodesk, Inc. has a twelve month low of $192.01 and a twelve month high of $279.53.

Autodesk (NASDAQ:ADSK) last announced its earnings results 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. The company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. Autodesk’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.12 earnings per share. Equities analysts anticipate that Autodesk, Inc. will post 5.73 earnings per share for the current 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.