Mirae Asset Global Investments Co. Ltd. Acquires 9,877 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Mirae Asset Global Investments Co. Ltd. raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 8.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 128,398 shares of the software company’s stock after buying an additional 9,877 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.06% of Autodesk worth $38,205,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ADSK. Livelsberger Financial Advisory purchased a new position in shares of Autodesk in the 3rd quarter valued at approximately $27,000. Concord Wealth Partners purchased a new position in shares of Autodesk in the 3rd quarter valued at approximately $28,000. Transcendent Capital Group LLC purchased a new position in shares of Autodesk in the 3rd quarter valued at approximately $28,000. Central Pacific Bank Trust Division purchased a new position in shares of Autodesk in the 4th quarter valued at approximately $37,000. Finally, Wolff Wiese Magana LLC lifted its stake in shares of Autodesk by 3,625.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock valued at $41,000 after purchasing an additional 145 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was 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 owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Performance

Shares of ADSK opened at $306.85 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The firm has a market capitalization of $65.97 billion, a P/E ratio of 60.88, a PEG ratio of 3.67 and a beta of 1.43. The business has a fifty day moving average of $298.81 and a 200 day moving average of $279.99.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the company posted $1.33 earnings per share. Autodesk’s revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

Analysts Set New Price Targets

ADSK has been the subject of a number of research analyst reports. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and raised their target price for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Wells Fargo & Company raised 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. Bank of America raised their target price on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday. Barclays lifted their price objective on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, HSBC cut Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective for the company. in a research note on Friday, November 29th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $333.77.

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.