Stevens Capital Management LP Has $505,000 Stake in Autodesk, Inc. (NASDAQ:ADSK)

Stevens Capital Management LP decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 64.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 2,076 shares of the software company’s stock after selling 3,790 shares during the period. Stevens Capital Management LP’s holdings in Autodesk were worth $505,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in ADSK. Meritage Group LP acquired a new position in Autodesk during the third quarter worth $170,972,000. Los Angeles Capital Management LLC lifted its stake in Autodesk by 4,112.0% in the third quarter. Los Angeles Capital Management LLC now owns 446,047 shares of the software company’s stock valued at $92,292,000 after acquiring an additional 435,457 shares during the last quarter. Baillie Gifford & Co. lifted its stake in Autodesk by 48.0% in the fourth quarter. Baillie Gifford & Co. now owns 1,322,121 shares of the software company’s stock valued at $321,910,000 after acquiring an additional 429,071 shares during the last quarter. AustralianSuper Pty Ltd lifted its stake in Autodesk by 24,236.8% in the third quarter. AustralianSuper Pty Ltd now owns 410,075 shares of the software company’s stock valued at $84,849,000 after acquiring an additional 408,390 shares during the last quarter. Finally, Matrix Capital Management Company LP lifted its stake in Autodesk by 247.9% in the third quarter. Matrix Capital Management Company LP now owns 414,000 shares of the software company’s stock valued at $85,661,000 after acquiring an additional 295,000 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have commented on ADSK. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Autodesk in a research note on Monday, April 1st. Rosenblatt Securities raised their price target on shares of Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Mizuho raised their price target on shares of Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Piper Sandler Companies raised their price target on shares of Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Finally, StockNews.com raised shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $272.44.

Autodesk Trading Up 0.7 %

NASDAQ:ADSK traded up $1.40 during mid-day trading on Thursday, hitting $216.40. 2,211,434 shares of the company’s stock were exchanged, compared to its average volume of 1,472,260. The company has a 50 day simple moving average of $249.24 and a 200-day simple moving average of $235.39. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23. Autodesk, Inc. has a fifty-two week low of $188.38 and a fifty-two week high of $279.53. The firm has a market capitalization of $46.29 billion, a P/E ratio of 51.07, a PEG ratio of 3.00 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.26 EPS. As a group, research analysts expect that Autodesk, Inc. will post 5.38 earnings per share for the current year.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $264.74, for a total value of $145,607.00. Following the transaction, the director now owns 38,766 shares in the company, valued at approximately $10,262,910.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Stephen W. Hope sold 1,757 shares of Autodesk stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total value of $457,645.79. Following the completion of the sale, the chief accounting officer now owns 3,450 shares in the company, valued at approximately $898,621.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $264.74, for a total transaction of $145,607.00. Following the completion of the sale, the director now owns 38,766 shares of the company’s stock, valued at approximately $10,262,910.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,166 shares of company stock worth $9,465,055. Company insiders own 0.14% of the company’s stock.

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.