Rovin Capital UT ADV boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 179.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,840 shares of the software company's stock after acquiring an additional 1,822 shares during the period. Rovin Capital UT ADV's holdings in Autodesk were worth $782,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. New Covenant Trust Company N.A. acquired a new stake in shares of Autodesk during the 1st quarter worth about $25,000. LRI Investments LLC acquired a new position in Autodesk in the first quarter valued at $26,000. Olistico Wealth LLC purchased a new position in Autodesk during the second quarter worth about $26,000. Pacifica Partners Inc. boosted its stake in Autodesk by 83.3% in the 2nd quarter. Pacifica Partners Inc. now owns 110 shares of the software company's stock worth $27,000 after buying an additional 50 shares during the last quarter. Finally, Livelsberger Financial Advisory purchased a new stake in Autodesk in the 3rd quarter valued at about $27,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.
ADSK stock opened at $305.56 on Friday. The company has a market capitalization of $65.70 billion, a P/E ratio of 62.49, a PEG ratio of 3.65 and a beta of 1.47. The firm has a 50 day simple moving average of $275.95 and a 200-day simple moving average of $248.05. 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, Inc. has a twelve month low of $195.32 and a twelve month high of $307.17.
Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period last year, the business earned $1.12 EPS. The firm's revenue for the quarter was up 11.9% compared to the same quarter last year. On average, equities research analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.
Several equities research analysts recently issued reports on the stock. Royal Bank of Canada raised their target price on shares of Autodesk from $290.00 to $313.00 and gave the stock an "outperform" rating in a research report on Friday, August 30th. Morgan Stanley restated an "overweight" rating and set a $320.00 price objective on shares of Autodesk in a report on Monday, September 30th. Hsbc Global Res upgraded Autodesk to a "strong-buy" rating in a report on Tuesday, September 3rd. DA Davidson assumed coverage on Autodesk in a report on Friday, September 27th. They issued a "neutral" rating and a $260.00 price objective on the stock. Finally, Oppenheimer raised their price target on shares of Autodesk from $275.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, August 30th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $292.95.
Read Our Latest Stock Analysis on ADSK
In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total value of $156,920.50. Following the completion of the transaction, the director now owns 30,799 shares of the company's stock, valued at $8,787,262.69. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $285.31, for a total transaction of $156,920.50. Following the sale, the director now directly owns 30,799 shares in the company, valued at approximately $8,787,262.69. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Stephen W. Hope sold 286 shares of the business's stock in a transaction dated Monday, September 30th. The shares were 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 $1,340,944.36. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,280 shares of company stock valued at $5,200,929 in the last quarter. Insiders own 0.14% of the company's stock.
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.
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