Los Angeles Capital Management LLC Has $134.44 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Los Angeles Capital Management LLC grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 23.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 552,164 shares of the software company’s stock after purchasing an additional 106,117 shares during the period. Los Angeles Capital Management LLC owned about 0.26% of Autodesk worth $134,441,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC raised its holdings in Autodesk by 86.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company’s stock worth $1,959,000 after buying an additional 4,381 shares during the period. CWA Asset Management Group LLC acquired a new stake in shares of Autodesk during the third quarter worth $330,000. abrdn plc lifted its position in Autodesk by 26.2% in the 4th quarter. abrdn plc now owns 460,759 shares of the software company’s stock valued at $112,186,000 after acquiring an additional 95,723 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in Autodesk in the 4th quarter worth $7,280,000. Finally, International Assets Investment Management LLC raised its stake in shares of Autodesk by 3,539.1% in the 4th quarter. International Assets Investment Management LLC now owns 227,410 shares of the software company’s stock valued at $55,370,000 after purchasing an additional 221,161 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $264.74, for a total value of $145,607.00. Following the completion of the transaction, the director now owns 38,766 shares of the company’s stock, valued at approximately $10,262,910.84. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, EVP Rebecca Pearce sold 1,628 shares of Autodesk stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $251.54, for a total transaction of $409,507.12. Following the sale, the executive vice president now directly owns 13,620 shares in the company, valued at approximately $3,425,974.80. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $264.74, for a total transaction of $145,607.00. Following the sale, the director now directly owns 38,766 shares in the company, valued at $10,262,910.84. The disclosure for this sale can be found here. Insiders sold a total of 36,166 shares of company stock worth $9,465,055 in the last ninety days. 0.14% of the stock is owned by insiders.

Autodesk Stock Performance

Shares of ADSK traded down $0.25 during mid-day trading on Thursday, hitting $210.46. 676,111 shares of the company’s stock were exchanged, compared to its average volume of 1,462,476. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. The firm has a market cap of $45.35 billion, a price-to-earnings ratio of 50.05, a price-to-earnings-growth ratio of 2.93 and a beta of 1.45. The stock’s 50-day simple moving average is $245.02 and its 200-day simple moving average is $235.51. Autodesk, Inc. has a 52 week low of $189.54 and a 52 week high of $279.53.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.14. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. Autodesk’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.26 EPS. On average, equities research analysts expect that Autodesk, Inc. will post 5.38 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on ADSK shares. Piper Sandler boosted their price objective on shares of Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Stifel Nicolaus restated a “buy” rating and set a $316.00 price objective on shares of Autodesk in a research note on Friday, April 12th. Mizuho raised their price objective on Autodesk from $220.00 to $270.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Citigroup upped their target price on Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Finally, Oppenheimer boosted their price target on Autodesk from $265.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Autodesk currently has an average rating of “Hold” and an average target price of $274.67.

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.