Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Marshall Wace LLP

Marshall Wace LLP boosted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 818.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 458,337 shares of the software company’s stock after acquiring an additional 408,424 shares during the period. Marshall Wace LLP owned 0.21% of Autodesk worth $113,415,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. TD Asset Management Inc increased its holdings in shares of Autodesk by 153.0% in the fourth quarter. TD Asset Management Inc now owns 384,380 shares of the software company’s stock valued at $93,589,000 after purchasing an additional 232,441 shares during the period. Cambridge Investment Research Advisors Inc. increased its stake in shares of Autodesk by 58.0% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock worth $4,297,000 after acquiring an additional 6,481 shares during the period. Nomura Asset Management Co. Ltd. increased its stake in shares of Autodesk by 12.9% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 73,893 shares of the software company’s stock worth $17,991,000 after acquiring an additional 8,456 shares during the period. Meyer Handelman Co. purchased a new position in Autodesk during the first quarter worth about $903,000. Finally, Caxton Associates LP lifted its position in Autodesk by 1,353.8% in the fourth quarter. Caxton Associates LP now owns 97,026 shares of the software company’s stock valued at $23,624,000 after purchasing an additional 90,352 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Monday, September 16th. The shares were sold at an average price of $265.50, for a total value of $146,025.00. Following the transaction, the director now owns 31,349 shares in the company, valued at approximately $8,323,159.50. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Autodesk news, COO Steven M. Blum sold 17,344 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was 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 directly owns 17,099 shares of the company’s stock, valued at $4,616,730. 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 Autodesk stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the sale, the director now owns 31,349 shares in the company, valued at approximately $8,323,159.50. The disclosure for this sale can be found here. Over the last three months, insiders have sold 38,762 shares of company stock valued at $10,046,302. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on ADSK shares. Citigroup boosted their target price on Autodesk from $316.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. KeyCorp reissued an “overweight” rating and issued a $305.00 target price on shares of Autodesk in a report on Monday, August 26th. Robert W. Baird cut their price target on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a report on Wednesday, May 29th. Berenberg Bank boosted their price objective on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Finally, Barclays lifted their price target on shares of Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.17.

Autodesk Trading Up 0.4 %

Shares of ADSK opened at $268.46 on Tuesday. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $279.53. The company has a market capitalization of $57.86 billion, a PE ratio of 58.11, a price-to-earnings-growth ratio of 3.29 and a beta of 1.48. The stock has a fifty day moving average of $250.56 and a two-hundred day moving average of $239.57. 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 earnings results on Thursday, August 29th. The software company reported $2.15 EPS 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 analyst estimates of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 earnings per share. As a group, analysts forecast that Autodesk, Inc. will post 5.73 EPS 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.