Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by AEGON ASSET MANAGEMENT UK Plc

AEGON ASSET MANAGEMENT UK Plc boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 17.4% in the fourth quarter, HoldingsChannel reports. The firm owned 227,027 shares of the software company’s stock after purchasing an additional 33,657 shares during the period. Autodesk comprises about 0.9% of AEGON ASSET MANAGEMENT UK Plc’s portfolio, making the stock its 26th largest holding. AEGON ASSET MANAGEMENT UK Plc’s holdings in Autodesk were worth $67,102,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Starboard Value LP bought a new position in shares of Autodesk during the third quarter worth about $510,189,000. International Assets Investment Management LLC increased its holdings in Autodesk by 58,375.5% in the third quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company’s stock valued at $1,564,170,000 after buying an additional 566,826 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in Autodesk by 394.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock valued at $156,296,000 after buying an additional 452,728 shares in the last quarter. Franklin Resources Inc. lifted its holdings in Autodesk by 36.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock worth $413,405,000 after buying an additional 387,309 shares during the last quarter. Finally, State Street Corp grew its position in shares of Autodesk by 3.0% in the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after acquiring an additional 288,931 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the topic of several research reports. Barclays upped their price target on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. UBS Group started coverage on shares of Autodesk in a research report on Monday, December 2nd. They issued a “buy” rating and a $350.00 price target on the stock. Oppenheimer lifted their price target on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Morgan Stanley increased their price objective on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price for the company. in a report on Friday, November 29th. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and a consensus price target of $326.05.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were 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 of the company’s stock, valued at $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.14% of the company’s stock.

Autodesk Stock Down 0.1 %

Autodesk stock opened at $300.83 on Friday. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The stock has a market cap of $64.68 billion, a price-to-earnings ratio of 59.69, a PEG ratio of 3.55 and a beta of 1.42. The company’s 50-day moving average price is $299.42 and its two-hundred day moving average price is $277.16. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the business earned $1.33 earnings per share. On average, analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Autodesk 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.