Assetmark Inc. Acquires 392 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Assetmark Inc. lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 282.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 531 shares of the software company’s stock after acquiring an additional 392 shares during the quarter. Assetmark Inc.’s holdings in Autodesk were worth $146,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cetera Investment Advisers lifted its stake in shares of Autodesk by 163.4% in the 1st quarter. Cetera Investment Advisers now owns 61,574 shares of the software company’s stock valued at $16,035,000 after purchasing an additional 38,196 shares during the period. Forsta AP Fonden raised its holdings in Autodesk by 7.9% in the third quarter. Forsta AP Fonden now owns 51,600 shares of the software company’s stock worth $14,215,000 after purchasing an additional 3,800 shares in the last quarter. QRG Capital Management Inc. lifted its position in Autodesk by 32.0% during the third quarter. QRG Capital Management Inc. now owns 13,437 shares of the software company’s stock valued at $3,702,000 after buying an additional 3,259 shares during the period. Primecap Management Co. CA boosted its holdings in shares of Autodesk by 8.2% during the 2nd quarter. Primecap Management Co. CA now owns 655,900 shares of the software company’s stock valued at $162,302,000 after buying an additional 49,500 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC grew its position in shares of Autodesk by 57.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 16,646 shares of the software company’s stock worth $4,335,000 after buying an additional 6,044 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insiders Place Their Bets

In related news, CAO Stephen W. Hope sold 286 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the sale, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This represents a 5.54 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk 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 transaction, the director now directly owns 30,249 shares in the company, valued at $9,227,759.94. This represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,280 shares of company stock worth $5,232,213. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the subject of a number of recent research reports. Stifel Nicolaus lifted their price target on shares of Autodesk from $320.00 to $340.00 and gave the company a “buy” rating in a research report on Friday. Citigroup set a $325.00 target price on shares of Autodesk and gave the company a “buy” rating in a report on Friday, October 18th. Morgan Stanley restated an “overweight” rating and issued a $320.00 price target on shares of Autodesk in a research note on Monday, September 30th. BMO Capital Markets lifted their price objective on Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a research note on Friday, August 30th. Finally, Oppenheimer increased their target price on Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $296.20.

Autodesk Stock Performance

Shares of ADSK opened at $299.15 on Monday. The firm has a market capitalization of $64.32 billion, a P/E ratio of 61.18, a PEG ratio of 3.82 and a beta of 1.47. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. Autodesk, Inc. has a one year low of $195.32 and a one year high of $315.73. The business has a fifty day moving average of $281.32 and a 200 day moving average of $251.79.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 EPS. As a group, sell-side analysts anticipate that Autodesk, Inc. will post 5.73 EPS 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.