Vanguard Group Inc. Grows Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Vanguard Group Inc. raised its position in Autodesk, Inc. (NASDAQ:ADSKGet Rating) by 1.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,944,670 shares of the software company’s stock after acquiring an additional 230,892 shares during the quarter. Vanguard Group Inc. owned approximately 8.24% of Autodesk worth $3,846,439,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of ADSK. Hanson & Doremus Investment Management increased its position in shares of Autodesk by 1,136.4% in the first quarter. Hanson & Doremus Investment Management now owns 136 shares of the software company’s stock valued at $29,000 after acquiring an additional 125 shares during the period. Bank of New Hampshire purchased a new position in shares of Autodesk during the first quarter valued at about $33,000. CVA Family Office LLC increased its position in shares of Autodesk by 81.4% during the first quarter. CVA Family Office LLC now owns 156 shares of the software company’s stock valued at $33,000 after buying an additional 70 shares during the period. Arrow Financial Corp increased its position in shares of Autodesk by 125.0% during the first quarter. Arrow Financial Corp now owns 180 shares of the software company’s stock valued at $38,000 after buying an additional 100 shares during the period. Finally, Riverview Trust Co purchased a new position in shares of Autodesk during the first quarter valued at about $41,000. Hedge funds and other institutional investors own 86.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ADSK shares. Mizuho boosted their price target on shares of Autodesk from $250.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, August 17th. Royal Bank of Canada boosted their price target on shares of Autodesk from $255.00 to $257.00 and gave the company an “outperform” rating in a research report on Thursday, August 18th. Oppenheimer boosted their price objective on shares of Autodesk from $230.00 to $255.00 and gave the stock an “outperform” rating in a research note on Thursday, August 25th. Stifel Nicolaus boosted their price objective on shares of Autodesk from $230.00 to $270.00 in a research note on Friday, August 19th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Autodesk from $225.00 to $255.00 in a research note on Thursday, August 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $266.20.

Insider Buying and Selling at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 327 shares of the company’s stock in a transaction that occurred on Tuesday, July 12th. The shares were sold at an average price of $177.43, for a total transaction of $58,019.61. Following the completion of the sale, the chief accounting officer now directly owns 4,186 shares of the company’s stock, valued at $742,721.98. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other news, CEO Andrew Anagnost sold 34,366 shares of the stock in a transaction on Monday, August 29th. The shares were sold at an average price of $206.87, for a total value of $7,109,294.42. Following the completion of the sale, the chief executive officer now directly owns 76,968 shares of the company’s stock, valued at $15,922,370.16. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 327 shares of the stock in a transaction on Tuesday, July 12th. The stock was sold at an average price of $177.43, for a total transaction of $58,019.61. Following the completion of the sale, the chief accounting officer now directly owns 4,186 shares of the company’s stock, valued at $742,721.98. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

Autodesk Stock Up 1.8 %

Shares of Autodesk stock opened at $209.82 on Friday. The company has a market cap of $45.29 billion, a price-to-earnings ratio of 82.93, a price-to-earnings-growth ratio of 2.43 and a beta of 1.53. The company’s 50 day moving average is $203.40 and its 200 day moving average is $199.66. Autodesk, Inc. has a twelve month low of $163.20 and a twelve month high of $335.48. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 3.08.

Autodesk (NASDAQ:ADSKGet Rating) last issued its quarterly earnings data on Wednesday, August 24th. The software company reported $1.65 earnings per share for the quarter, beating analysts’ consensus estimates of $1.57 by $0.08. The company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Autodesk had a net margin of 11.76% and a return on equity of 88.57%. The firm’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.67 earnings per share. Research analysts anticipate that Autodesk, Inc. will post 4.14 EPS for the current year.

Autodesk Profile

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Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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.

Further Reading

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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