Illinois Municipal Retirement Fund Has $9.07 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Illinois Municipal Retirement Fund grew its stake in Autodesk, Inc. (NASDAQ:ADSK) by 55.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 30,693 shares of the software company’s stock after acquiring an additional 11,005 shares during the period. Illinois Municipal Retirement Fund’s holdings in Autodesk were worth $9,072,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in Autodesk during the 4th quarter valued at about $25,000. Concord Wealth Partners bought a new position in shares of Autodesk during the third quarter worth $28,000. Transcendent Capital Group LLC acquired a new position in Autodesk in the third quarter valued at about $28,000. Tradewinds Capital Management LLC grew its position in shares of Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after purchasing an additional 50 shares during the period. Finally, Addison Advisors LLC increased its position in shares of Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after acquiring an additional 74 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ADSK shares. Citigroup lifted their target price on Autodesk from $358.00 to $361.00 and gave the company a “buy” rating in a research report on Friday, November 29th. HSBC cut Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target for the company. in a report on Friday, November 29th. Macquarie assumed coverage on shares of Autodesk in a report on Thursday, December 12th. They issued an “outperform” rating and a $380.00 price objective on the stock. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Finally, UBS Group assumed coverage on shares of Autodesk in a research report on Monday, December 2nd. They set a “buy” rating and a $350.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $334.45.

Autodesk Trading Down 0.5 %

Shares of ADSK stock opened at $283.72 on Wednesday. The firm has a market capitalization of $61.00 billion, a P/E ratio of 56.29, a P/E/G ratio of 2.94 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. The stock’s fifty day simple moving average is $297.47 and its 200 day simple moving average is $286.63. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

Autodesk (NASDAQ:ADSK) last posted 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. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business 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 business posted $1.33 earnings per share. Autodesk’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

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.