Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 7.9% during the third quarter, Holdings Channel reports. The firm owned 25,957 shares of the software company’s stock after purchasing an additional 1,891 shares during the period. Rockefeller Capital Management L.P.’s holdings in Autodesk were worth $7,145,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Livelsberger Financial Advisory bought a new position in shares of Autodesk in the third quarter valued at $27,000. Transcendent Capital Group LLC purchased a new stake in shares of Autodesk during the third quarter valued at $28,000. Concord Wealth Partners acquired a new position in shares of Autodesk in the 3rd quarter valued at $28,000. Pacifica Partners Inc. increased its stake in Autodesk by 83.3% in the 2nd quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock worth $27,000 after purchasing an additional 50 shares in the last quarter. Finally, Stephens Consulting LLC purchased a new stake in Autodesk during the second quarter valued at about $32,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Berenberg Bank upped their price target on shares of Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Bank of America raised their target price on Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Wells Fargo & Company upped their price target on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. BMO Capital Markets raised their price objective on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Finally, Scotiabank began coverage on Autodesk in a report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 target price on the stock. Ten equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $316.68.

Autodesk Stock Performance

ADSK opened at $298.96 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.64 and a current ratio of 0.65. The company has a market cap of $64.28 billion, a PE ratio of 59.32, a price-to-earnings-growth ratio of 3.50 and a beta of 1.43. The stock has a 50-day moving average of $291.08 and a 200-day moving average of $259.23. 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 results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the company posted $1.33 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, equities research analysts forecast that Autodesk, Inc. will post 5.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the transaction, the chief accounting officer now owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. The trade was a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the transaction, the director now owns 31,349 shares of the company’s stock, valued at approximately $8,323,159.50. The trade was a 1.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,936 shares of company stock worth $549,333 in the last quarter. 0.14% of the stock is currently owned by company insiders.

Autodesk 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.