Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Semmax Financial Advisors Inc.

Semmax Financial Advisors Inc. increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 133.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,820 shares of the software company’s stock after purchasing an additional 3,330 shares during the quarter. Semmax Financial Advisors Inc.’s holdings in Autodesk were worth $1,424,000 as of its most recent filing with the SEC.

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

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ADSK shares. Royal Bank of Canada increased their target price on Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Rosenblatt Securities increased their price target on shares of Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. The Goldman Sachs Group raised shares of Autodesk from a “sell” rating to a “neutral” rating and raised their price objective for the company from $225.00 to $295.00 in a research note on Tuesday, September 3rd. Mizuho upped their target price on shares of Autodesk from $230.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Finally, Robert W. Baird decreased their price target on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a research report on Wednesday, May 29th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $292.17.

Insider Transactions at Autodesk

In related news, COO Steven M. Blum sold 19,693 shares of Autodesk stock in a transaction that occurred on 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 sale, 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 can be accessed through this link. In related news, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction on Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the completion of the transaction, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at $4,616,730. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Steven M. Blum sold 19,693 shares of the company’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 sale, the chief operating officer now directly owns 34,443 shares in the company, valued at approximately $8,610,750. The disclosure for this sale can be found here. Insiders have sold a total of 38,762 shares of company stock worth $10,046,302 over the last ninety days. 0.14% of the stock is currently owned by company insiders.

Autodesk Trading Up 0.4 %

ADSK opened at $268.46 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. Autodesk, Inc. has a 52 week low of $192.01 and a 52 week high of $279.53. The business’s 50 day moving average is $250.56 and its two-hundred day moving average is $239.57. The firm has a market cap of $57.86 billion, a price-to-earnings ratio of 58.11, a price-to-earnings-growth ratio of 3.29 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the company posted $1.12 EPS. The company’s quarterly revenue was up 11.9% on a year-over-year basis. On average, research analysts predict that Autodesk, Inc. will post 5.73 EPS 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.