Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by National Pension Service

National Pension Service lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 659,326 shares of the software company’s stock after acquiring an additional 29,924 shares during the quarter. National Pension Service’s holdings in Autodesk were worth $194,877,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ADSK. Starboard Value LP acquired a new position in shares of Autodesk during the third quarter valued at approximately $510,189,000. Massachusetts Financial Services Co. MA boosted its holdings in Autodesk by 394.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock worth $156,296,000 after buying an additional 452,728 shares in the last quarter. Franklin Resources Inc. boosted its holdings in Autodesk by 36.5% during the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock worth $413,405,000 after buying an additional 387,309 shares in the last quarter. State Street Corp boosted its holdings in Autodesk by 3.0% during the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after buying an additional 288,931 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings 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 buying an additional 245,816 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Performance

NASDAQ ADSK opened at $285.67 on Thursday. The firm has a market cap of $61.42 billion, a price-to-earnings ratio of 56.68, a PEG ratio of 2.94 and a beta of 1.43. The company has a 50 day moving average of $297.33 and a 200-day moving average of $286.62. 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, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

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, beating analysts’ consensus estimates of $2.12 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. Autodesk’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.33 earnings per share. On average, equities analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. BMO Capital Markets raised their target price on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. KeyCorp raised their price target on shares of Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Oppenheimer raised their price target on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, Macquarie initiated coverage on shares of Autodesk in a report on Thursday, December 12th. They set an “outperform” rating and a $380.00 price target on the stock. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus target price of $334.45.

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.