Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Carnegie Investment Counsel

Carnegie Investment Counsel increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 24,266 shares of the software company’s stock after purchasing an additional 37 shares during the period. Carnegie Investment Counsel’s holdings in Autodesk were worth $7,172,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Starboard Value LP acquired a new stake in Autodesk in the 3rd quarter valued at about $510,189,000. Point72 Asset Management L.P. raised its holdings in Autodesk by 366.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 843,040 shares of the software company’s stock valued at $208,610,000 after acquiring an additional 662,339 shares during the last quarter. International Assets Investment Management LLC raised its holdings in Autodesk by 58,375.5% in the 3rd quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company’s stock valued at $1,564,170,000 after acquiring an additional 566,826 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Autodesk by 394.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock valued at $156,296,000 after acquiring an additional 452,728 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in Autodesk by 818.3% in the 2nd quarter. Marshall Wace LLP now owns 458,337 shares of the software company’s stock valued at $113,415,000 after acquiring an additional 408,424 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Activity

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the sale, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK stock opened at $291.45 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The stock has a market capitalization of $62.66 billion, a PE ratio of 57.83, a P/E/G ratio of 3.36 and a beta of 1.42. The firm has a 50 day moving average of $300.72 and a two-hundred day moving average of $275.07.

Autodesk (NASDAQ:ADSK) last announced 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. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the business earned $1.33 EPS. The company’s revenue was up 11.0% on a year-over-year basis. On average, research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on ADSK. Morgan Stanley increased their price objective on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Barclays raised their price target on shares of Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. UBS Group assumed coverage on shares of Autodesk in a report on Monday, December 2nd. They set a “buy” rating and a $350.00 price target for the company. Finally, Robert W. Baird raised their price target on shares of Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Nine equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and a consensus target price of $326.05.

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.