Nisa Investment Advisors LLC Buys 2,119 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Nisa Investment Advisors LLC grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 4.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 51,715 shares of the software company’s stock after buying an additional 2,119 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Autodesk were worth $15,285,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the business. AE Wealth Management LLC increased its position in Autodesk by 28.6% during the second quarter. AE Wealth Management LLC now owns 1,328 shares of the software company’s stock worth $329,000 after acquiring an additional 295 shares during the period. 1832 Asset Management L.P. raised its position in shares of Autodesk by 34.1% during the second quarter. 1832 Asset Management L.P. now owns 2,702 shares of the software company’s stock worth $669,000 after acquiring an additional 687 shares during the last quarter. Evergreen Capital Management LLC boosted its position in Autodesk by 29.6% during the second quarter. Evergreen Capital Management LLC now owns 1,109 shares of the software company’s stock valued at $274,000 after acquiring an additional 253 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Autodesk by 59.9% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 40,968 shares of the software company’s stock valued at $10,138,000 after acquiring an additional 15,348 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its stake in Autodesk by 366.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 843,040 shares of the software company’s stock worth $208,610,000 after buying an additional 662,339 shares during the period. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 1.5 %

Shares of NASDAQ:ADSK opened at $301.45 on Thursday. The company has a market cap of $64.81 billion, a price-to-earnings ratio of 59.81, a PEG ratio of 3.44 and a beta of 1.42. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The firm’s 50-day simple moving average is $299.73 and its 200-day simple moving average is $276.45. 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 (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.05. The firm had revenue of $1.57 billion during 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%. Autodesk’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 earnings per share. As a group, equities research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Friday, November 15th. The stock was 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 $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ADSK shares. Barclays boosted their target price on Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. HSBC downgraded shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective for the company. in a report on Friday, November 29th. Wells Fargo & Company raised their price target on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Morgan Stanley upped their price objective on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Scotiabank assumed coverage on Autodesk in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.05.

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.