Assenagon Asset Management S.A. Trims Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Assenagon Asset Management S.A. reduced its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,676 shares of the software company’s stock after selling 862 shares during the period. Assenagon Asset Management S.A.’s holdings in Autodesk were worth $4,929,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. AE Wealth Management LLC grew its position in shares of Autodesk by 28.6% during the 2nd quarter. AE Wealth Management LLC now owns 1,328 shares of the software company’s stock valued at $329,000 after acquiring an additional 295 shares during the period. Pacer Advisors Inc. raised its position in shares of Autodesk by 2.7% during the 2nd quarter. Pacer Advisors Inc. now owns 36,780 shares of the software company’s stock valued at $9,101,000 after buying an additional 978 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Autodesk by 8.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 89,481 shares of the software company’s stock valued at $22,142,000 after buying an additional 6,871 shares during the period. Summit Trail Advisors LLC increased its holdings in Autodesk by 46.0% in the 2nd quarter. Summit Trail Advisors LLC now owns 4,029 shares of the software company’s stock valued at $997,000 after purchasing an additional 1,269 shares during the last quarter. Finally, Frank Rimerman Advisors LLC increased its holdings in Autodesk by 32,863.6% in the 2nd quarter. Frank Rimerman Advisors LLC now owns 3,626 shares of the software company’s stock valued at $897,000 after purchasing an additional 3,615 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have commented on ADSK shares. KeyCorp boosted their price target on shares of Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Oppenheimer boosted their target price on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Barclays upped their price objective on shares of Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $311.00 to $357.00 in a research note on Wednesday, January 8th. Nine investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $326.05.

Insider Buying and Selling

In other news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the sale, the director now owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is currently owned by insiders.

Autodesk Stock Up 0.5 %

Shares of ADSK opened at $291.45 on Tuesday. The firm has a market cap of $62.66 billion, a PE ratio of 57.83, a price-to-earnings-growth ratio of 3.36 and a beta of 1.42. The company’s fifty day moving average is $300.44 and its two-hundred day moving average is $275.79. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the business posted $1.33 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. Analysts forecast that Autodesk, Inc. will post 5.76 earnings per share 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.