Quantinno Capital Management LP Boosts Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Quantinno Capital Management LP boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 22.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 41,613 shares of the software company’s stock after purchasing an additional 7,714 shares during the period. Quantinno Capital Management LP’s holdings in Autodesk were worth $11,464,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Livelsberger Financial Advisory bought a new stake in Autodesk in the 3rd quarter worth approximately $27,000. Concord Wealth Partners purchased a new stake in shares of Autodesk in the 3rd quarter worth $28,000. Transcendent Capital Group LLC purchased a new stake in shares of Autodesk in the 3rd quarter worth $28,000. Stephens Consulting LLC bought a new position in shares of Autodesk in the 2nd quarter worth $32,000. Finally, GPS Wealth Strategies Group LLC raised its position in shares of Autodesk by 94.3% in the 2nd quarter. GPS Wealth Strategies Group LLC now owns 136 shares of the software company’s stock worth $34,000 after acquiring an additional 66 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ADSK. Oppenheimer upped their target price on Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Hsbc Global Res downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. UBS Group began coverage on Autodesk in a research report on Monday. They set a “buy” rating and a $350.00 price target on the stock. The Goldman Sachs Group raised Autodesk from a “sell” rating to a “neutral” rating and increased their target price for the company from $225.00 to $295.00 in a report on Tuesday, September 3rd. Finally, DA Davidson initiated coverage on Autodesk in a report on Friday, September 27th. They issued a “neutral” rating and a $260.00 price target for the company. Ten investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and a consensus target price of $316.68.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the transaction, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at $1,340,944.36. This trade represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,936 shares of company stock valued at $549,333 in the last 90 days. 0.14% of the stock is currently owned by insiders.

Autodesk Stock Up 0.3 %

ADSK opened at $305.17 on Friday. The business has a 50 day moving average of $292.44 and a 200-day moving average of $259.86. The company has a current ratio of 0.65, a quick ratio of 0.64 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $65.61 billion, a price-to-earnings ratio of 60.55, a P/E/G ratio of 3.53 and a beta of 1.43. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the company posted $1.33 earnings per share. As a group, sell-side analysts anticipate that Autodesk, Inc. will post 5.75 earnings per share 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.