Signaturefd LLC Grows Position in Autodesk, Inc. (NASDAQ:ADSK)

Signaturefd LLC raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 11.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,471 shares of the software company’s stock after acquiring an additional 247 shares during the period. Signaturefd LLC’s holdings in Autodesk were worth $602,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ADSK. Meritage Group LP purchased a new position in shares of Autodesk during the 3rd quarter valued at about $170,972,000. Los Angeles Capital Management LLC raised its holdings in shares of Autodesk by 4,112.0% during the 3rd quarter. Los Angeles Capital Management LLC now owns 446,047 shares of the software company’s stock valued at $92,292,000 after buying an additional 435,457 shares in the last quarter. Baillie Gifford & Co. raised its holdings in shares of Autodesk by 48.0% during the 4th quarter. Baillie Gifford & Co. now owns 1,322,121 shares of the software company’s stock valued at $321,910,000 after buying an additional 429,071 shares in the last quarter. AustralianSuper Pty Ltd raised its holdings in shares of Autodesk by 24,236.8% during the 3rd quarter. AustralianSuper Pty Ltd now owns 410,075 shares of the software company’s stock valued at $84,849,000 after buying an additional 408,390 shares in the last quarter. Finally, Matrix Capital Management Company LP raised its holdings in shares of Autodesk by 247.9% during the 3rd quarter. Matrix Capital Management Company LP now owns 414,000 shares of the software company’s stock valued at $85,661,000 after buying an additional 295,000 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on ADSK shares. BMO Capital Markets raised their price objective on Autodesk from $232.00 to $293.00 and gave the company a “market perform” rating in a report on Friday, March 1st. The Goldman Sachs Group raised their price objective on Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a report on Friday, March 1st. Citigroup raised their price target on Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. StockNews.com upgraded Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 18th. Finally, Rosenblatt Securities raised their price target on Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $272.44.

Autodesk Price Performance

Shares of ADSK stock opened at $217.93 on Wednesday. The firm has a market cap of $46.62 billion, a P/E ratio of 51.76, a P/E/G ratio of 2.98 and a beta of 1.43. Autodesk, Inc. has a fifty-two week low of $188.38 and a fifty-two week high of $279.53. The business’s 50 day moving average price is $250.18 and its 200-day moving average price is $235.54. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the company earned $1.26 EPS. On average, equities research analysts anticipate that Autodesk, Inc. will post 5.38 earnings per share for the current year.

Insider Activity

In other news, Director Mary T. Mcdowell sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $275.00, for a total value of $1,375,000.00. Following the completion of the transaction, the director now owns 33,766 shares in the company, valued at approximately $9,285,650. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Andrew Anagnost sold 21,053 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total value of $5,473,569.47. Following the completion of the transaction, the chief executive officer now owns 105,213 shares in the company, valued at approximately $27,354,327.87. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Mary T. Mcdowell sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $275.00, for a total value of $1,375,000.00. Following the completion of the transaction, the director now owns 33,766 shares of the company’s stock, valued at approximately $9,285,650. The disclosure for this sale can be found here. Insiders sold a total of 36,166 shares of company stock worth $9,465,055 in the last quarter. 0.14% of the stock is owned by company insiders.

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.