Aureus Asset Management LLC Raises Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Aureus Asset Management LLC lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 19.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 88,913 shares of the software company’s stock after acquiring an additional 14,509 shares during the period. Autodesk makes up approximately 1.6% of Aureus Asset Management LLC’s investment portfolio, making the stock its 25th largest holding. Aureus Asset Management LLC’s holdings in Autodesk were worth $24,494,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ADSK. Livelsberger Financial Advisory purchased a new stake in Autodesk in the third quarter valued at approximately $27,000. Transcendent Capital Group LLC purchased a new stake in Autodesk in the third quarter valued at approximately $28,000. Concord Wealth Partners purchased a new stake in Autodesk in the third quarter valued at approximately $28,000. Olistico Wealth LLC purchased a new stake in Autodesk in the second quarter valued at approximately $26,000. Finally, Pacifica Partners Inc. boosted its position in Autodesk by 83.3% in the second quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock valued at $27,000 after buying an additional 50 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 0.4 %

Shares of ADSK stock opened at $291.90 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.64. The company has a market cap of $62.76 billion, a price-to-earnings ratio of 57.92, a PEG ratio of 3.73 and a beta of 1.47. The stock has a 50 day simple moving average of $289.93 and a 200-day simple moving average of $258.15. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data 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 firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the company earned $1.33 EPS. The firm’s revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts expect that Autodesk, Inc. will post 5.79 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. KeyCorp upped their target price on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Berenberg Bank upped their target price on Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Robert W. Baird upped their price objective on Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Oppenheimer upped their price objective on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Finally, BMO Capital Markets upped 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. Ten research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and an average target price of $315.10.

Insider Activity at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 286 shares of the company’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the sale, the chief accounting officer now directly owns 4,879 shares in the company, valued at $1,340,944.36. This represents a 5.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $146,025.00. Following the completion of the sale, 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. In the last ninety days, insiders sold 1,936 shares of company stock valued at $549,333. 0.14% of the stock is owned by insiders.

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.