Thematics Asset Management Purchases 7,500 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Thematics Asset Management lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 14.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 59,611 shares of the software company’s stock after purchasing an additional 7,500 shares during the period. Thematics Asset Management’s holdings in Autodesk were worth $16,422,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in ADSK. New Covenant Trust Company N.A. acquired a new position in Autodesk during the 1st quarter worth about $25,000. LRI Investments LLC bought a new position in shares of Autodesk during the first quarter worth about $26,000. Livelsberger Financial Advisory acquired a new position in shares of Autodesk in the third quarter worth approximately $27,000. Transcendent Capital Group LLC bought a new stake in Autodesk in the third quarter valued at approximately $28,000. Finally, Concord Wealth Partners bought a new stake in Autodesk in the third quarter valued at approximately $28,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling

In other news, CAO Stephen W. Hope sold 286 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the transaction, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This trade represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of the stock in a transaction on Friday, August 30th. The shares were sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the sale, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at $4,616,730. The trade was a 50.36 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,280 shares of company stock worth $5,232,213. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on ADSK shares. DA Davidson initiated coverage on shares of Autodesk in a research note on Friday, September 27th. They issued a “neutral” rating and a $260.00 price objective on the stock. Berenberg Bank raised their target price on Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Rosenblatt Securities increased their price target on Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Robert W. Baird lifted their price objective on shares of Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Finally, Royal Bank of Canada raised their price target on shares of Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $309.43.

Autodesk Stock Performance

Shares of NASDAQ:ADSK traded down $0.88 during mid-day trading on Tuesday, reaching $318.51. The company had a trading volume of 289,671 shares, compared to its average volume of 1,576,517. The company’s 50-day moving average price is $287.47 and its 200-day moving average price is $255.89. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The firm has a market cap of $68.48 billion, a price-to-earnings ratio of 65.32, a PEG ratio of 4.10 and a beta of 1.47. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the company earned $1.12 earnings per share. The company’s revenue was up 11.9% on a year-over-year basis. As a group, equities research analysts anticipate that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

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.