Susquehanna Fundamental Investments LLC Purchases New Position in Autodesk, Inc. (NASDAQ:ADSK)

Susquehanna Fundamental Investments LLC purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 61,054 shares of the software company’s stock, valued at approximately $15,108,000.

Other large investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its stake in shares of 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 buying an additional 6,481 shares in the last quarter. Meyer Handelman Co. bought a new stake in shares of Autodesk in the 1st quarter valued at approximately $903,000. TD Asset Management Inc grew its stake in shares of Autodesk by 13.0% in the 1st quarter. TD Asset Management Inc now owns 434,407 shares of the software company’s stock valued at $113,128,000 after buying an additional 50,027 shares in the last quarter. Caxton Associates LP grew its stake in shares of Autodesk by 1,353.8% in the 4th quarter. Caxton Associates LP now owns 97,026 shares of the software company’s stock valued at $23,624,000 after buying an additional 90,352 shares in the last quarter. Finally, Bank of Nova Scotia grew its stake in shares of Autodesk by 155.7% in the 4th quarter. Bank of Nova Scotia now owns 79,803 shares of the software company’s stock valued at $19,428,000 after buying an additional 48,597 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Autodesk stock opened at $271.90 on Friday. The stock has a market capitalization of $58.60 billion, a price-to-earnings ratio of 58.85, a P/E/G ratio of 3.41 and a beta of 1.48. Autodesk, Inc. has a 12-month low of $192.01 and a 12-month high of $279.53. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The stock has a 50-day simple moving average of $251.85 and a 200 day simple moving average of $240.13.

Autodesk (NASDAQ:ADSK) last announced 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. The firm had revenue of $1.51 billion during 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 company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 EPS. On average, research analysts anticipate that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Insider Transactions at Autodesk

In other news, COO Steven M. Blum sold 17,344 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $4,616,730. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, COO Steven M. Blum sold 17,344 shares of the business’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 directly owns 17,099 shares in the company, valued at approximately $4,616,730. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $253.33, for a total value of $139,331.50. Following the completion of the transaction, the director now owns 31,016 shares of the company’s stock, valued at $7,857,283.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 38,687 shares of company stock worth $10,027,986. 0.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on ADSK. Oppenheimer boosted their price target on Autodesk from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Royal Bank of Canada upped their target price on Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. HSBC raised Autodesk from a “hold” rating to a “buy” rating and increased their price objective for the company from $242.00 to $299.00 in a research report on Tuesday, September 3rd. Citigroup increased their price objective on Autodesk from $316.00 to $325.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Finally, Stifel Nicolaus increased their price objective on Autodesk from $290.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Eight 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 company. According to MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus target price of $290.47.

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.