Autodesk, Inc. (NASDAQ:ADSK) Holdings Raised by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,050 shares of the software company’s stock after acquiring an additional 118 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Autodesk were worth $1,667,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in ADSK. Empowered Funds LLC lifted its position in shares of Autodesk by 23.4% in the 1st quarter. Empowered Funds LLC now owns 3,457 shares of the software company’s stock worth $900,000 after buying an additional 656 shares during the last quarter. Avantax Advisory Services Inc. raised its stake in Autodesk by 9.4% during the first quarter. Avantax Advisory Services Inc. now owns 1,417 shares of the software company’s stock worth $369,000 after acquiring an additional 122 shares during the period. Blair William & Co. IL lifted its holdings in Autodesk by 1.8% in the first quarter. Blair William & Co. IL now owns 13,409 shares of the software company’s stock worth $3,492,000 after acquiring an additional 241 shares during the last quarter. Cumberland Partners Ltd acquired a new position in Autodesk in the first quarter valued at approximately $424,000. Finally, M&G Plc bought a new position in shares of Autodesk during the first quarter valued at approximately $41,665,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the transaction, the chief accounting officer now owns 4,879 shares in the company, valued at $1,340,944.36. The trade was a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Tuesday, October 15th. The stock was 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 directly owns 30,799 shares in the company, valued at approximately $8,787,262.69. The trade was a 1.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 18,730 shares of company stock valued at $5,064,430 in the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ADSK shares. Stifel Nicolaus raised their price target on Autodesk from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Wells Fargo & Company initiated coverage on shares of Autodesk in a report on Wednesday, October 16th. They issued an “overweight” rating and a $340.00 price objective on the stock. KeyCorp restated an “overweight” rating and issued a $305.00 price target on shares of Autodesk in a research note on Monday, August 26th. Citigroup set a $325.00 target price on Autodesk and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Hsbc Global Res raised Autodesk to a “strong-buy” rating in a report on Tuesday, September 3rd. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $292.95.

Autodesk Stock Down 2.1 %

Shares of NASDAQ:ADSK opened at $306.65 on Friday. The firm has a 50 day simple moving average of $279.25 and a 200 day simple moving average of $250.27. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $315.73. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $65.93 billion, a PE ratio of 62.71, a price-to-earnings-growth ratio of 3.93 and a beta of 1.47.

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

Autodesk Company 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.