Triasima Portfolio Management inc. Invests $2.04 Million in Autodesk, Inc. (NASDAQ:ADSK)

Triasima Portfolio Management inc. purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 6,905 shares of the software company’s stock, valued at approximately $2,041,000.

A number of other institutional investors also recently made changes to their positions in ADSK. Golden State Wealth Management LLC acquired a new position in shares of Autodesk in the fourth quarter worth $25,000. Livelsberger Financial Advisory acquired a new position in Autodesk in the third quarter valued at $27,000. Concord Wealth Partners acquired a new position in Autodesk in the third quarter valued at $28,000. Transcendent Capital Group LLC acquired a new position in Autodesk in the third quarter valued at $28,000. Finally, Central Pacific Bank Trust Division acquired a new position in Autodesk in the fourth quarter valued at $37,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related 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 value of $167,783.00. Following the transaction, the director now owns 30,249 shares in the company, 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 legal filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

ADSK has been the subject of several analyst reports. Barclays upped 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. Morgan Stanley upped their target price on Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Stifel Nicolaus upped their target price on Autodesk from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Bank of America boosted their price target on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, UBS Group started coverage on Autodesk in a research report on Monday, December 2nd. They set a “buy” rating and a $350.00 price target for the company. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $333.77.

Autodesk Trading Down 1.2 %

NASDAQ:ADSK opened at $307.70 on Friday. 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, Inc. has a one year low of $195.32 and a one year high of $326.62. The business’s 50-day simple moving average is $299.35 and its 200 day simple moving average is $280.85. The stock has a market cap of $66.16 billion, a price-to-earnings ratio of 61.05, a price-to-earnings-growth ratio of 3.67 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results 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 business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the firm posted $1.33 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal 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.