Texas Permanent School Fund Corp Has $11.52 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Texas Permanent School Fund Corp lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 0.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 44,218 shares of the software company’s stock after purchasing an additional 82 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Autodesk were worth $11,515,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ADSK. Manchester Capital Management LLC lifted its stake in Autodesk by 12.2% in the 4th quarter. Manchester Capital Management LLC now owns 1,551 shares of the software company’s stock valued at $378,000 after acquiring an additional 169 shares in the last quarter. TD Asset Management Inc lifted its stake in Autodesk by 153.0% in the 4th quarter. TD Asset Management Inc now owns 384,380 shares of the software company’s stock valued at $93,589,000 after acquiring an additional 232,441 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Autodesk by 58.0% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock valued at $4,297,000 after acquiring an additional 6,481 shares in the last quarter. abrdn plc lifted its stake in Autodesk by 26.2% in the 4th quarter. abrdn plc now owns 460,759 shares of the software company’s stock valued at $112,186,000 after acquiring an additional 95,723 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its stake in Autodesk by 12.9% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 73,893 shares of the software company’s stock valued at $17,991,000 after acquiring an additional 8,456 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $235.00, for a total transaction of $129,250.00. Following the completion of the sale, the director now directly owns 31,566 shares in the company, valued at approximately $7,418,010. The sale was disclosed in a filing with the SEC, which is available through this link. In other Autodesk news, Director Mary T. Mcdowell sold 1,100 shares of the stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $226.21, for a total value of $248,831.00. Following the completion of the transaction, the director now directly owns 32,116 shares in the company, valued at $7,264,960.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $235.00, for a total value of $129,250.00. Following the transaction, the director now owns 31,566 shares of the company’s stock, valued at $7,418,010. The disclosure for this sale can be found here. Insiders sold a total of 38,831 shares of company stock worth $9,261,951 in the last ninety days. 0.14% of the stock is owned by insiders.

Autodesk Price Performance

Shares of ADSK traded up $1.55 during trading hours on Friday, hitting $250.32. 41,556 shares of the company were exchanged, compared to its average volume of 1,744,252. The company has a market cap of $53.95 billion, a price-to-earnings ratio of 53.85, a P/E/G ratio of 3.30 and a beta of 1.48. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $279.53. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.06. The firm’s fifty day moving average is $226.87 and its 200 day moving average is $239.55.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Rosenblatt Securities restated a “buy” rating and issued a $290.00 target price on shares of Autodesk in a research note on Wednesday, June 12th. BMO Capital Markets dropped their price objective on Autodesk from $293.00 to $254.00 and set a “market perform” rating on the stock in a research note on Wednesday, June 12th. KeyCorp dropped their price objective on Autodesk from $320.00 to $305.00 and set an “overweight” rating on the stock in a research note on Monday, May 20th. Mizuho dropped their price objective on Autodesk from $270.00 to $230.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 4th. Finally, Oppenheimer reiterated an “outperform” rating and set a $275.00 price objective on shares of Autodesk in a research note on Tuesday, June 18th. One investment 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.com, the stock currently has a consensus rating of “Hold” and an average target price of $262.42.

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.