Promethos Capital LLC Buys Shares of 13,517 Autodesk, Inc. (NASDAQ:ADSK)

Promethos Capital LLC purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,517 shares of the software company’s stock, valued at approximately $3,345,000.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ADSK. Citigroup upped their price target on shares of Autodesk from $316.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Barclays increased their target price on Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Berenberg Bank boosted their price target on Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Robert W. Baird lowered their price objective on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a research report on Wednesday, May 29th. Finally, Royal Bank of Canada boosted their target price on shares of Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Seven 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. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $292.17.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated 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 in the company, valued at approximately $7,857,283.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 Monday, July 15th. The stock was sold at an average price of $253.33, for a total transaction of $139,331.50. Following the sale, the director now owns 31,016 shares of the company’s stock, valued at $7,857,283.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Steven M. Blum sold 19,693 shares of the stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $250.00, for a total value of $4,923,250.00. Following the transaction, the chief operating officer now directly owns 34,443 shares of the company’s stock, valued at $8,610,750. The disclosure for this sale can be found here. Insiders have sold a total of 38,762 shares of company stock worth $10,046,302 over the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Trading Up 2.1 %

Autodesk stock opened at $269.76 on Friday. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week 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 firm has a market capitalization of $58.14 billion, a price-to-earnings ratio of 58.39, a PEG ratio of 3.29 and a beta of 1.48. The firm has a 50-day moving average price of $249.98 and a two-hundred day moving average price of $239.56.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.15. The business 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%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm posted $1.12 earnings per share. Sell-side analysts expect that Autodesk, Inc. will post 5.73 earnings per share for the current year.

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.