Versor Investments LP Invests $496,000 in Autodesk, Inc. (NASDAQ:ADSK)

Versor Investments LP bought a new position in Autodesk, Inc. (NASDAQ:ADSK) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,802 shares of the software company’s stock, valued at approximately $496,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Autodesk by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 19,402,242 shares of the software company’s stock worth $5,052,732,000 after acquiring an additional 363,565 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Autodesk by 263.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company’s stock valued at $1,639,279,000 after purchasing an additional 4,563,668 shares in the last quarter. Ninety One UK Ltd boosted its stake in shares of Autodesk by 28.0% during the second quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock valued at $1,255,054,000 after purchasing an additional 1,108,973 shares in the last quarter. Principal Financial Group Inc. increased 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 valued at $603,947,000 after buying an additional 245,816 shares during the period. Finally, Legal & General Group Plc raised its stake in Autodesk by 4.0% in the second quarter. Legal & General Group Plc now owns 2,117,357 shares of the software company’s stock worth $523,940,000 after buying an additional 81,314 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Insiders Place Their Bets

In other Autodesk news, COO Steven M. Blum sold 17,344 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the sale, the chief operating officer now directly owns 17,099 shares in the company, valued at $4,616,730. This represents a 50.36 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the completion of the sale, the director now directly owns 31,349 shares of the company’s stock, valued at $8,323,159.50. This represents a 1.72 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,730 shares of company stock worth $5,064,430. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ADSK shares. Barclays lifted their price target on Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, August 30th. HSBC upgraded Autodesk from a “hold” rating to a “buy” rating and lifted their target price for the company from $242.00 to $299.00 in a research note on Tuesday, September 3rd. KeyCorp reissued an “overweight” rating and set a $305.00 price target on shares of Autodesk in a research report on Monday, August 26th. Citigroup set a $325.00 price objective on shares of Autodesk and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, Mizuho set a $260.00 target price on shares of Autodesk in a research report on Friday, October 18th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $292.95.

Autodesk Stock Performance

ADSK opened at $306.65 on Friday. The stock has a market cap of $65.93 billion, a P/E ratio of 64.04, a P/E/G ratio of 3.93 and a beta of 1.47. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a fifty day moving average price of $279.25 and a 200 day moving average price of $250.27. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $315.73.

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