Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,119 shares of the software company’s stock after acquiring an additional 218 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Autodesk were worth $1,217,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of ADSK. Livelsberger Financial Advisory acquired a new position in Autodesk in the third quarter worth about $27,000. Concord Wealth Partners acquired a new position in Autodesk in the third quarter worth about $28,000. Transcendent Capital Group LLC acquired a new position in Autodesk in the third quarter worth about $28,000. Central Pacific Bank Trust Division acquired a new position in Autodesk in the fourth quarter worth about $37,000. Finally, Wolff Wiese Magana LLC grew its stake in Autodesk by 3,625.0% in the third quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock worth $41,000 after purchasing an additional 145 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on ADSK shares. Barclays lifted their target price on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Scotiabank started coverage on Autodesk in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 target price for the company. Citigroup lifted their target price on Autodesk from $358.00 to $361.00 and gave the company a “buy” rating in a research note on Friday, November 29th. Wells Fargo & Company lifted their target price on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, Mizuho lifted their target price on Autodesk from $260.00 to $280.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Nine 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.05.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the company’s 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by insiders.

Autodesk Stock Down 0.1 %

Shares of ADSK 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 firm has a market cap of $64.68 billion, a P/E ratio of 59.69, a price-to-earnings-growth ratio of 3.55 and a beta of 1.42. The firm’s 50-day simple moving average is $299.42 and its 200 day simple moving average is $277.16. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results 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%. Autodesk’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.33 EPS. On average, analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current year.

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.