Natixis Advisors LLC Purchases 9,305 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Natixis Advisors LLC boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 1.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 512,186 shares of the software company’s stock after purchasing an additional 9,305 shares during the quarter. Natixis Advisors LLC owned about 0.24% of Autodesk worth $141,097,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ADSK. Mizuho Securities USA LLC grew its position in shares of Autodesk by 60.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 26,443 shares of the software company’s stock worth $7,318,000 after purchasing an additional 9,940 shares in the last quarter. Empowered Funds LLC boosted its stake in shares of Autodesk by 26.0% in the third quarter. Empowered Funds LLC now owns 4,743 shares of the software company’s stock valued at $1,307,000 after buying an additional 979 shares during the period. Empirical Finance LLC increased its stake in Autodesk by 2.1% during the 3rd quarter. Empirical Finance LLC now owns 7,394 shares of the software company’s stock worth $2,037,000 after acquiring an additional 153 shares during the period. CIBC Asset Management Inc raised its holdings in Autodesk by 6.1% in the 3rd quarter. CIBC Asset Management Inc now owns 66,819 shares of the software company’s stock valued at $18,407,000 after acquiring an additional 3,843 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Autodesk by 2.0% during the 3rd quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,050 shares of the software company’s stock valued at $1,667,000 after acquiring an additional 118 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Down 2.4 %

Shares of NASDAQ:ADSK opened at $299.15 on Friday. The firm has a market cap of $64.32 billion, a P/E ratio of 61.18, a P/E/G ratio of 4.00 and a beta of 1.47. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $315.73. The business has a fifty day simple moving average of $281.32 and a 200 day simple moving average of $251.23. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 earnings per share. Analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently commented on ADSK shares. Oppenheimer boosted their price target on Autodesk from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. HSBC upgraded shares of Autodesk from a “hold” rating to a “buy” rating and boosted their target price for the company from $242.00 to $299.00 in a research report on Tuesday, September 3rd. Berenberg Bank increased their price target on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Bank of America boosted their price objective on shares of Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Finally, The Goldman Sachs Group raised Autodesk from a “sell” rating to a “neutral” rating and raised their target price for the company from $225.00 to $295.00 in a report on Tuesday, September 3rd. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $296.20.

Insider Transactions at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 286 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the transaction, the chief accounting officer now directly owns 4,879 shares in the company, valued at approximately $1,340,944.36. This represents a 5.54 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction on Friday, August 30th. The shares were sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the completion of the sale, the chief operating officer now owns 17,099 shares of the company’s stock, valued at $4,616,730. This represents a 50.36 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,280 shares of company stock worth $5,232,213 over the last three months. 0.14% of the stock is owned by company insiders.

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.