Gateway Investment Advisers LLC Has $4.93 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Gateway Investment Advisers LLC increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 0.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 16,664 shares of the software company’s stock after purchasing an additional 153 shares during the period. Gateway Investment Advisers LLC’s holdings in Autodesk were worth $4,925,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Autodesk by 0.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,208 shares of the software company’s stock valued at $3,608,000 after buying an additional 66 shares in the last quarter. Carolina Wealth Advisors LLC boosted its position in Autodesk by 277.8% during the 4th quarter. Carolina Wealth Advisors LLC now owns 835 shares of the software company’s stock worth $247,000 after acquiring an additional 614 shares during the period. Outlook Wealth Advisors LLC grew its stake in Autodesk by 4.1% during the 4th quarter. Outlook Wealth Advisors LLC now owns 1,578 shares of the software company’s stock valued at $466,000 after acquiring an additional 62 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of Autodesk in the fourth quarter worth approximately $1,295,000. Finally, Sagace Wealth Management LLC acquired a new stake in shares of Autodesk during the fourth quarter worth approximately $220,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Performance

NASDAQ:ADSK opened at $291.45 on Friday. The firm’s 50-day moving average is $300.72 and its 200-day moving average is $275.07. The company has a market cap of $62.66 billion, a price-to-earnings ratio of 57.83, a PEG ratio of 3.36 and a beta of 1.42. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $1.33 EPS. Equities research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analyst Ratings Changes

ADSK has been the topic of several research reports. UBS Group started coverage on shares of Autodesk in a research note on Monday, December 2nd. They issued a “buy” rating and a $350.00 price objective on the stock. Stifel Nicolaus increased their price objective on Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. BMO Capital Markets boosted their target price on Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research note on Wednesday, November 27th. Mizuho raised their price target on Autodesk from $260.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Finally, HSBC cut Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target for the company. in a research note on Friday, November 29th. Nine research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $326.05.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction 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. The trade was a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.