Landscape Capital Management L.L.C. Acquires 8,987 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Landscape Capital Management L.L.C. boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 464.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,920 shares of the software company’s stock after purchasing an additional 8,987 shares during the period. Landscape Capital Management L.L.C.’s holdings in Autodesk were worth $3,008,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of ADSK. New Covenant Trust Company N.A. bought a new stake in Autodesk during the first quarter valued at about $25,000. LRI Investments LLC bought a new position in Autodesk in the 1st quarter worth approximately $26,000. Livelsberger Financial Advisory purchased a new position in shares of Autodesk in the third quarter worth $27,000. Transcendent Capital Group LLC bought a new position in shares of Autodesk during the third quarter worth $28,000. Finally, Concord Wealth Partners bought a new stake in Autodesk in the 3rd quarter valued at $28,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

ADSK opened at $307.84 on Thursday. The firm has a market capitalization of $66.19 billion, a PE ratio of 62.95, a price-to-earnings-growth ratio of 3.82 and a beta of 1.47. The business’s 50-day moving average is $284.18 and its two-hundred day moving average is $253.46. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $315.73. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business posted $1.12 EPS. Autodesk’s revenue was up 11.9% on a year-over-year basis. Research analysts anticipate that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In other news, COO Steven M. Blum sold 17,344 shares of the business’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the sale, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at $4,616,730. The trade was a 50.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the transaction, the director now owns 31,349 shares of the company’s stock, valued at $8,323,159.50. This trade represents a 1.72 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 19,280 shares of company stock valued at $5,232,213 in the last ninety days. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. KeyCorp lifted their target price on Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday. Robert W. Baird increased their target price on Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday. BMO Capital Markets raised their target price on shares of Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a report on Friday, August 30th. Barclays upped their price target on shares of Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Royal Bank of Canada raised their price objective on Autodesk from $290.00 to $313.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $302.38.

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.