Czech National Bank Raises Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Czech National Bank raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 7.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 43,888 shares of the software company’s stock after purchasing an additional 3,125 shares during the period. Czech National Bank’s holdings in Autodesk were worth $12,090,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Ables Iannone Moore & Associates Inc. bought a new position in shares of Autodesk during the 4th quarter valued at about $25,000. Concord Wealth Partners bought a new position in shares of Autodesk in the 1st quarter valued at about $25,000. New Covenant Trust Company N.A. bought a new position in shares of Autodesk in the 1st quarter valued at about $25,000. LRI Investments LLC bought a new position in shares of Autodesk in the 1st quarter valued at about $26,000. Finally, Olistico Wealth LLC bought a new position in shares of Autodesk in the 2nd quarter valued at about $26,000. Institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ADSK shares. DA Davidson started coverage on shares of Autodesk in a report on Friday, September 27th. They issued a “neutral” rating and a $260.00 price target for the company. Berenberg Bank increased their price target on shares of Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a report on Friday, August 30th. BMO Capital Markets increased their price target on shares of Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a report on Friday, August 30th. Royal Bank of Canada increased their price target on shares of Autodesk from $290.00 to $313.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, Barclays increased their price target on shares of Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Eight 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 stock. According to MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $290.47.

Autodesk Trading Up 1.0 %

Shares of Autodesk stock traded up $2.57 on Friday, hitting $271.16. 846,556 shares of the company traded hands, compared to its average volume of 1,627,422. The stock’s 50 day moving average price is $255.21 and its 200-day moving average price is $240.67. The company has a current ratio of 0.64, a quick 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 company has a market cap of $58.44 billion, a PE ratio of 58.69, a PEG ratio of 3.41 and a beta of 1.48.

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

Insider Buying and Selling

In related news, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the transaction, the chief accounting officer now owns 4,879 shares of the company’s stock, valued at $1,340,944.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, COO Steven M. Blum sold 17,344 shares of the company’s 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 transaction, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at approximately $4,616,730. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the transaction, the chief accounting officer now directly owns 4,879 shares in the company, valued at approximately $1,340,944.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 38,973 shares of company stock valued at $10,106,590 over the last 90 days. Corporate insiders own 0.14% of the company’s stock.

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.