Kessler Investment Group LLC Has $6.99 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Kessler Investment Group LLC grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 23,651 shares of the software company’s stock after acquiring an additional 538 shares during the quarter. Autodesk accounts for approximately 3.3% of Kessler Investment Group LLC’s investment portfolio, making the stock its 10th biggest position. Kessler Investment Group LLC’s holdings in Autodesk were worth $6,991,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. State Street Corp boosted its position in shares of Autodesk by 3.0% in the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after acquiring an additional 288,931 shares during the period. FMR LLC boosted its position in shares of Autodesk by 0.8% in the third quarter. FMR LLC now owns 5,653,602 shares of the software company’s stock valued at $1,557,454,000 after acquiring an additional 46,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Autodesk by 2.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company’s stock worth $657,292,000 after purchasing an additional 61,785 shares during the period. Principal Financial Group Inc. lifted its position in Autodesk by 12.6% during the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after purchasing an additional 245,816 shares during the period. Finally, Starboard Value LP bought a new stake in Autodesk during the third quarter worth about $510,189,000. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ADSK. Stifel Nicolaus upped their price objective on shares of Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. BMO Capital Markets upped their price objective on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. HSBC cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective for the company. in a research report on Friday, November 29th. KeyCorp upped their price objective on shares of Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, Scotiabank started coverage on shares of Autodesk in a report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 target price for the company. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $333.77.

Autodesk Stock Performance

NASDAQ:ADSK opened at $302.72 on Friday. The company has a market capitalization of $65.08 billion, a PE ratio of 60.06, a P/E/G ratio of 3.17 and a beta of 1.43. The company has a 50 day simple moving average of $299.54 and a two-hundred day simple moving average of $282.88. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62.

Autodesk (NASDAQ:ADSK) last released its earnings results 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. The business had revenue of $1.57 billion during 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%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.33 EPS. Research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current 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.