Prime Capital Investment Advisors LLC Has $575,000 Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Prime Capital Investment Advisors LLC increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 10.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,087 shares of the software company’s stock after buying an additional 202 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Autodesk were worth $575,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in shares of Autodesk by 263.6% in the 1st 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 during the period. Ninety One UK Ltd raised its stake in Autodesk by 28.0% in 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 buying an additional 1,108,973 shares during the period. Van ECK Associates Corp lifted its position in shares of Autodesk by 100.9% in the second quarter. Van ECK Associates Corp now owns 1,642,973 shares of the software company’s stock valued at $406,554,000 after buying an additional 825,165 shares during the last quarter. Point72 Asset Management L.P. boosted its stake in shares of Autodesk by 366.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 843,040 shares of the software company’s stock worth $208,610,000 after acquiring an additional 662,339 shares during the period. Finally, International Assets Investment Management LLC increased its holdings in shares of Autodesk by 58,375.5% during the 3rd quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company’s stock worth $1,564,170,000 after acquiring an additional 566,826 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several research reports. KeyCorp reaffirmed an “overweight” rating and set a $305.00 price objective on shares of Autodesk in a research report on Monday, August 26th. Oppenheimer upped their price target on shares of Autodesk from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. The Goldman Sachs Group raised shares of Autodesk from a “sell” rating to a “neutral” rating and increased their price target for the company from $225.00 to $295.00 in a report on Tuesday, September 3rd. Morgan Stanley restated an “overweight” rating and set a $320.00 price objective on shares of Autodesk in a report on Monday, September 30th. Finally, DA Davidson began coverage on Autodesk in a report on Friday, September 27th. They set a “neutral” rating and a $260.00 price target for the company. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and an average target price of $296.20.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $299.15 on Friday. Autodesk, Inc. has a one year low of $195.32 and a one year high of $315.73. 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 company has a market cap of $64.32 billion, a price-to-earnings ratio of 61.08, a PEG ratio of 4.00 and a beta of 1.47. The firm has a 50 day simple moving average of $280.34 and a 200 day simple moving average of $250.66.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the business posted $1.12 EPS. Autodesk’s revenue for the quarter was up 11.9% on a year-over-year basis. Research analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $265.50, for a total value of $146,025.00. Following the sale, the director now owns 31,349 shares of the company’s stock, valued at $8,323,159.50. The trade was a 1.72 % 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, CAO Stephen W. Hope sold 286 shares of the firm’s stock in a transaction on 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 directly owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,280 shares of company stock valued at $5,232,213 over the last quarter. 0.14% of the stock is owned by company insiders.

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.