Ninety One SA PTY Ltd Buys 4,689 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Ninety One SA PTY Ltd boosted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 14.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 37,472 shares of the software company’s stock after buying an additional 4,689 shares during the period. Autodesk accounts for approximately 2.4% of Ninety One SA PTY Ltd’s portfolio, making the stock its 11th largest position. Ninety One SA PTY Ltd’s holdings in Autodesk were worth $11,076,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Czech National Bank boosted its position in shares of Autodesk by 7.7% during the third quarter. Czech National Bank now owns 43,888 shares of the software company’s stock valued at $12,090,000 after purchasing an additional 3,125 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Autodesk by 26.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,653 shares of the software company’s stock worth $1,282,000 after buying an additional 984 shares during the period. Miracle Mile Advisors LLC purchased a new stake in shares of Autodesk in the 3rd quarter worth about $749,000. Aprio Wealth Management LLC lifted its position in Autodesk by 8.8% during the 3rd quarter. Aprio Wealth Management LLC now owns 998 shares of the software company’s stock valued at $275,000 after acquiring an additional 81 shares during the period. Finally, Atomi Financial Group Inc. boosted its stake in Autodesk by 95.6% during the third quarter. Atomi Financial Group Inc. now owns 2,077 shares of the software company’s stock worth $572,000 after acquiring an additional 1,015 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Up 0.2 %

Shares of NASDAQ:ADSK opened at $306.85 on Wednesday. The stock has a market cap of $65.97 billion, a P/E ratio of 60.88, a price-to-earnings-growth ratio of 3.67 and a beta of 1.43. 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 business’s 50 day moving average is $298.81 and its 200 day moving average is $279.99.

Autodesk (NASDAQ:ADSK) last issued 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 company had revenue of $1.57 billion for 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 firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.33 earnings per share. Sell-side analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the transaction, the director now owns 30,249 shares of the company’s stock, valued at $9,227,759.94. The trade was a 1.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

ADSK has been the subject of several recent research reports. Barclays lifted their target price on shares of Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Rosenblatt Securities boosted their target price on Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Scotiabank started 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. Oppenheimer upped their price target on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Finally, UBS Group initiated coverage on shares of Autodesk in a research note on Monday, December 2nd. They set a “buy” rating and a $350.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $333.77.

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.