Linden Thomas Advisory Services LLC Has $1.22 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Linden Thomas Advisory Services LLC increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,119 shares of the software company’s stock after buying an additional 218 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Autodesk were worth $1,217,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AE Wealth Management LLC increased its position in Autodesk by 28.6% in the 2nd quarter. AE Wealth Management LLC now owns 1,328 shares of the software company’s stock valued at $329,000 after acquiring an additional 295 shares during the period. Evergreen Capital Management LLC increased its position in Autodesk by 29.6% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,109 shares of the software company’s stock valued at $274,000 after acquiring an additional 253 shares during the period. MBB Public Markets I LLC acquired a new position in Autodesk in the 2nd quarter valued at approximately $3,583,000. Maverick Capital Ltd. acquired a new position in Autodesk in the 2nd quarter valued at approximately $1,437,000. Finally, The Manufacturers Life Insurance Company increased its position in Autodesk by 13.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 666,545 shares of the software company’s stock valued at $164,937,000 after acquiring an additional 77,171 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the transaction, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Down 0.1 %

Shares of ADSK opened at $300.83 on Friday. The firm has a market capitalization of $64.68 billion, a P/E ratio of 59.69, a P/E/G ratio of 3.55 and a beta of 1.42. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a fifty day moving average price of $299.42 and a 200-day moving average price of $277.16.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.05. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 earnings per share. Equities research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Barclays upped their price target on shares of Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Rosenblatt Securities increased their price objective on shares of Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Stifel Nicolaus increased their price objective on shares of Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Morgan Stanley increased their price objective on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, Macquarie initiated coverage on shares of Autodesk in a research report on Thursday, December 12th. They set an “outperform” rating and a $380.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average price target of $326.05.

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.