Bfsg LLC Buys New Position in Autodesk, Inc. (NASDAQ:ADSK)

Bfsg LLC bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 109 shares of the software company’s stock, valued at approximately $27,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meritage Group LP acquired a new position in shares of Autodesk during the 3rd quarter worth approximately $170,972,000. Los Angeles Capital Management LLC increased its position 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 worth $92,292,000 after purchasing an additional 435,457 shares during the last quarter. Baillie Gifford & Co. increased its position 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 worth $321,910,000 after purchasing an additional 429,071 shares during the last quarter. AustralianSuper Pty Ltd increased its position 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 worth $84,849,000 after purchasing an additional 408,390 shares during the last quarter. Finally, Matrix Capital Management Company LP increased its position 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 worth $85,661,000 after purchasing an additional 295,000 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In other news, CAO Stephen W. Hope sold 1,757 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the transaction, the chief accounting officer now owns 3,450 shares of the company’s stock, valued at approximately $898,621.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the completion of the transaction, the chief executive officer now owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Stephen W. Hope sold 1,757 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total value of $457,645.79. Following the completion of the transaction, the chief accounting officer now directly owns 3,450 shares of the company’s stock, valued at approximately $898,621.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 36,166 shares of company stock valued at $9,465,055. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

NASDAQ:ADSK opened at $217.93 on Friday. The stock has a fifty day moving average price of $247.53 and a 200-day moving average price of $235.31. The company has a market cap of $46.62 billion, a price-to-earnings ratio of 51.76, a PEG ratio of 2.96 and a beta of 1.43. 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, Inc. has a fifty-two week low of $188.38 and a fifty-two week high of $279.53.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The company’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.26 EPS. As a group, equities analysts anticipate that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have weighed in on ADSK. Citigroup boosted 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. TheStreet upgraded Autodesk from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. Mizuho lifted their target price on Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Rosenblatt Securities lifted their target price on Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Oppenheimer lifted their target price on Autodesk from $265.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $272.44.

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.