Profund Advisors LLC Buys 168 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Profund Advisors LLC raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 19,977 shares of the software company’s stock after acquiring an additional 168 shares during the quarter. Profund Advisors LLC’s holdings in Autodesk were worth $4,943,000 at the end of the most recent reporting period.

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

Autodesk Price Performance

NASDAQ:ADSK opened at $267.29 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 stock has a market capitalization of $57.60 billion, a PE ratio of 57.85, a price-to-earnings-growth ratio of 3.29 and a beta of 1.48. The stock’s 50-day moving average price is $250.26 and its 200-day moving average price is $239.55.

Autodesk (NASDAQ:ADSK) last posted 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. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the firm posted $1.12 EPS. Autodesk’s revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts expect that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Steven M. Blum sold 19,693 shares of Autodesk stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $250.00, for a total value of $4,923,250.00. Following 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 legal filing with the SEC, which is available at this link. In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the firm’s stock in a transaction that occurred 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 approximately $8,610,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the firm’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 completion of the transaction, the director now directly owns 31,016 shares in the company, valued at $7,857,283.28. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,762 shares of company stock worth $10,046,302. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Bank of America increased their price objective on Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Stifel Nicolaus raised their target price on Autodesk from $290.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Barclays raised their target price on Autodesk from $275.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. HSBC upgraded Autodesk from a “hold” rating to a “buy” rating and raised their target price for the stock from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Finally, Rosenblatt Securities raised their target price on Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Seven 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. Based on data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and an average target price of $292.17.

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.