Robeco Institutional Asset Management B.V. Acquires 60,963 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Robeco Institutional Asset Management B.V. grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 25.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 300,135 shares of the software company’s stock after purchasing an additional 60,963 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.14% of Autodesk worth $88,711,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. R Squared Ltd bought a new stake in Autodesk in the 4th quarter worth about $160,000. BSW Wealth Partners grew its stake in shares of Autodesk by 9.8% in the fourth quarter. BSW Wealth Partners now owns 1,710 shares of the software company’s stock worth $505,000 after acquiring an additional 153 shares during the period. Patriot Financial Group Insurance Agency LLC raised its holdings in shares of Autodesk by 5.9% during the fourth quarter. Patriot Financial Group Insurance Agency LLC now owns 2,301 shares of the software company’s stock valued at $680,000 after purchasing an additional 129 shares during the last quarter. Perigon Wealth Management LLC lifted its position in Autodesk by 4.6% during the fourth quarter. Perigon Wealth Management LLC now owns 2,921 shares of the software company’s stock valued at $847,000 after purchasing an additional 129 shares during the period. Finally, Mount Yale Investment Advisors LLC boosted its holdings in Autodesk by 1.9% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock worth $551,000 after purchasing an additional 35 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

ADSK stock opened at $304.17 on Thursday. The company has a 50-day moving average price of $299.46 and a 200 day moving average price of $278.36. The stock has a market cap of $65.40 billion, a PE ratio of 60.35, a P/E/G ratio of 3.55 and a beta of 1.42. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.05. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. Autodesk’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.33 EPS. Equities research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insider Activity at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the transaction, the director now directly owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on ADSK shares. Wells Fargo & Company increased their price target on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. KeyCorp boosted their price target on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Stifel Nicolaus increased their price objective on shares of Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $280.00 to $400.00 in a research report on Tuesday. Finally, Scotiabank assumed coverage on shares of Autodesk in a research report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 price target on the stock. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $331.50.

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.