3,532 Shares in Autodesk, Inc. (NASDAQ:ADSK) Acquired by 3Chopt Investment Partners LLC

3Chopt Investment Partners LLC acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 3,532 shares of the software company’s stock, valued at approximately $874,000.

Other institutional investors also recently modified their holdings of the company. Gilbert & Cook Inc. grew its holdings in shares of Autodesk by 5.5% in the fourth quarter. Gilbert & Cook Inc. now owns 1,974 shares of the software company’s stock worth $481,000 after purchasing an additional 103 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Autodesk by 0.8% in the fourth quarter. California State Teachers Retirement System now owns 342,100 shares of the software company’s stock worth $83,295,000 after purchasing an additional 2,763 shares during the last quarter. CWA Asset Management Group LLC lifted its stake in Autodesk by 13.5% in the fourth quarter. CWA Asset Management Group LLC now owns 1,812 shares of the software company’s stock worth $441,000 after acquiring an additional 216 shares during the period. NEOS Investment Management LLC lifted its stake in Autodesk by 5.1% in the fourth quarter. NEOS Investment Management LLC now owns 10,101 shares of the software company’s stock worth $2,459,000 after acquiring an additional 494 shares during the period. Finally, Rafferty Asset Management LLC lifted its stake in Autodesk by 16.0% in the fourth quarter. Rafferty Asset Management LLC now owns 114,821 shares of the software company’s stock worth $27,957,000 after acquiring an additional 15,849 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ADSK shares. Oppenheimer raised their price target on Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Mizuho raised their price target on Autodesk from $230.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Piper Sandler raised their price target on Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Hsbc Global Res raised Autodesk to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, BMO Capital Markets raised their price objective on Autodesk from $254.00 to $287.00 and gave the company a “market perform” 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 given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $290.47.

Autodesk Price Performance

NASDAQ ADSK opened at $275.48 on Tuesday. Autodesk, Inc. has a one year low of $192.01 and a one year high of $279.53. The stock has a 50-day moving average of $253.04 and a 200 day moving average of $240.06. The company has a market capitalization of $59.37 billion, a price-to-earnings ratio of 59.63, a PEG ratio of 3.41 and a beta of 1.48. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 EPS 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 the consensus estimate of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. Autodesk’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the company earned $1.12 EPS. On average, sell-side analysts forecast that Autodesk, Inc. will post 5.73 EPS for the current year.

Insider Buying and Selling at Autodesk

In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the business’s 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 completion of the sale, the chief operating officer now directly owns 34,443 shares in the company, valued at approximately $8,610,750. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, COO Steven M. Blum sold 19,693 shares of the business’s stock in a transaction that occurred 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 approximately $8,610,750. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $270.00, for a total value of $4,682,880.00. Following 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. Insiders sold a total of 38,973 shares of company stock worth $10,106,590 in the last three months. 0.14% of the stock is currently owned by company insiders.

Autodesk 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.