Fortem Financial Group LLC Buys 81 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Fortem Financial Group LLC raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.1% during the fourth quarter, Holdings Channel reports. The firm owned 7,737 shares of the software company’s stock after buying an additional 81 shares during the quarter. Autodesk makes up approximately 0.9% of Fortem Financial Group LLC’s portfolio, making the stock its 29th biggest position. Fortem Financial Group LLC’s holdings in Autodesk were worth $2,287,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. State Street Corp raised its stake in Autodesk by 3.0% in the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after buying an additional 288,931 shares in the last quarter. FMR LLC raised its position in shares of Autodesk by 0.8% in the 3rd quarter. FMR LLC now owns 5,653,602 shares of the software company’s stock worth $1,557,454,000 after acquiring an additional 46,069 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Autodesk by 2.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company’s stock valued at $657,292,000 after purchasing an additional 61,785 shares during the period. Principal Financial Group Inc. boosted its position in shares of Autodesk by 12.6% during the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after purchasing an additional 245,816 shares in the last quarter. Finally, Legal & General Group Plc grew its stake in Autodesk by 4.0% in the second quarter. Legal & General Group Plc now owns 2,117,357 shares of the software company’s stock worth $523,940,000 after purchasing an additional 81,314 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Performance

ADSK traded down $2.01 during trading on Monday, hitting $292.05. The company’s stock had a trading volume of 823,969 shares, compared to its average volume of 975,849. The firm has a market cap of $62.79 billion, a PE ratio of 57.95, a P/E/G ratio of 3.62 and a beta of 1.42. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The business’s 50 day simple moving average is $300.90 and its 200-day simple moving average is $272.53. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62.

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on ADSK shares. Rosenblatt Securities raised their price objective on Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. DA Davidson initiated coverage on shares of Autodesk in a report on Friday, September 27th. They set a “neutral” rating and a $260.00 target price for the company. UBS Group began coverage on Autodesk in a research report on Monday, December 2nd. They set a “buy” rating and a $350.00 price objective for the company. Barclays boosted their target price on Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Hsbc Global Res lowered Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and an average target price of $323.95.

Insiders Place Their Bets

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction 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 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.

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.