Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Czech National Bank

Czech National Bank grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 8.3% in the 2nd quarter, Holdings Channel.com reports. The fund owned 40,763 shares of the software company’s stock after purchasing an additional 3,125 shares during the quarter. Czech National Bank’s holdings in Autodesk were worth $10,087,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. VisionPoint Advisory Group LLC raised its stake in Autodesk by 21.5% during the fourth quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock valued at $58,000 after buying an additional 42 shares in the last quarter. Goodman Advisory Group LLC raised its position in shares of Autodesk by 0.4% during the 4th quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock valued at $2,770,000 after acquiring an additional 49 shares in the last quarter. Epic Trust Investment Advisors LLC lifted its stake in Autodesk by 3.7% during the fourth quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company’s stock worth $331,000 after purchasing an additional 49 shares during the last quarter. Beacon Financial Group boosted its holdings in Autodesk by 4.1% in the fourth quarter. Beacon Financial Group now owns 1,248 shares of the software company’s stock worth $304,000 after purchasing an additional 49 shares during the period. Finally, First Affirmative Financial Network increased its stake in Autodesk by 2.8% during the first quarter. First Affirmative Financial Network now owns 1,802 shares of the software company’s stock valued at $469,000 after purchasing an additional 49 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Price Performance

Shares of NASDAQ:ADSK traded up $0.77 during trading on Monday, reaching $241.21. The company had a trading volume of 119,988 shares, compared to its average volume of 1,681,679. The firm’s fifty day moving average is $238.28 and its 200 day moving average is $239.70. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. The firm has a market capitalization of $51.98 billion, a PE ratio of 52.04, a price-to-earnings-growth ratio of 3.23 and a beta of 1.48. Autodesk, Inc. has a twelve month low of $192.01 and a twelve month high of $279.53.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.10. Autodesk had a return on equity of 65.46% and a net margin of 17.66%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period last year, the company posted $1.55 EPS. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. On average, equities analysts forecast that Autodesk, Inc. will post 5.55 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Rosenblatt Securities restated a “buy” rating and issued a $290.00 price target on shares of Autodesk in a research report on Wednesday, June 12th. Piper Sandler restated a “neutral” rating and issued a $239.00 target price on shares of Autodesk in a research note on Wednesday, June 12th. Bank of America lowered their target price on Autodesk from $300.00 to $260.00 and set a “neutral” rating for the company in a report on Monday, June 3rd. Morgan Stanley reissued an “equal weight” rating and issued a $255.00 price target on shares of Autodesk in a report on Wednesday, June 12th. Finally, BMO Capital Markets lowered their price objective on Autodesk from $293.00 to $254.00 and set a “market perform” rating for the company in a research note on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $262.42.

Insider Buying and Selling

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $253.33, for a total transaction of $139,331.50. Following the completion of the transaction, the director now owns 31,016 shares in the company, valued at approximately $7,857,283.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $253.33, for a total value of $139,331.50. Following the transaction, the director now owns 31,016 shares of the company’s stock, valued at $7,857,283.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Steven M. Blum sold 19,693 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $250.00, for a total value of $4,923,250.00. Following the sale, the chief operating officer now directly owns 34,443 shares of the company’s stock, valued at $8,610,750. The disclosure for this sale can be found here. Insiders have sold a total of 39,381 shares of company stock valued at $9,401,282 over the last three months. Company insiders own 0.14% of the company’s stock.

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.