Xponance Inc. Purchases 410 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Xponance Inc. boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 0.8% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,429 shares of the software company’s stock after purchasing an additional 410 shares during the quarter. Xponance Inc.’s holdings in Autodesk were worth $12,231,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of Montreal Can increased its holdings in shares of Autodesk by 42.2% during the second quarter. Bank of Montreal Can now owns 840,153 shares of the software company’s stock worth $208,081,000 after buying an additional 249,240 shares in the last quarter. Evergreen Capital Management LLC increased its holdings in Autodesk by 29.6% in the second quarter. Evergreen Capital Management LLC now owns 1,109 shares of the software company’s stock valued at $274,000 after purchasing an additional 253 shares during the period. DRW Securities LLC bought a new stake in Autodesk in the second quarter valued at $555,000. Fairscale Capital LLC bought a new position in shares of Autodesk during the 2nd quarter worth about $182,000. Finally, Fernbridge Capital Management LP acquired a new stake in shares of Autodesk in the 2nd quarter valued at about $63,834,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Up 0.4 %

ADSK opened at $268.46 on Tuesday. 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 company has a market cap of $57.86 billion, a P/E ratio of 58.11, a P/E/G ratio of 3.29 and a beta of 1.48. The business’s 50-day moving average price is $250.56 and its 200-day moving average price is $239.57. Autodesk, Inc. has a 12 month low of $192.01 and a 12 month high of $279.53.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.12 EPS. On average, equities analysts expect that Autodesk, Inc. will post 5.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ADSK. Robert W. Baird cut their price target on Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a report on Wednesday, May 29th. Hsbc Global Res upgraded shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, September 3rd. KeyCorp restated an “overweight” rating and set a $305.00 price target on shares of Autodesk in a research note on Monday, August 26th. Piper Sandler upped their price objective on Autodesk from $239.00 to $257.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Finally, Berenberg Bank boosted their target price on Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $292.17.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total value of $136,499.00. Following the transaction, the director now directly owns 31,899 shares in the company, valued at approximately $7,916,693.82. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total value of $136,499.00. Following the transaction, the director now directly owns 31,899 shares of the company’s stock, valued at approximately $7,916,693.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Steven M. Blum sold 17,344 shares of the company’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the transaction, the chief operating officer now owns 17,099 shares of the company’s stock, valued at $4,616,730. The disclosure for this sale can be found here. In the last 90 days, insiders sold 38,762 shares of company stock valued at $10,046,302. 0.14% of the stock is owned by insiders.

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.