Autodesk, Inc. (ADSK) Position Raised by HMI Capital LLC

HMI Capital LLC increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 12.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 672,491 shares of the software company’s stock after acquiring an additional 75,000 shares during the period. Autodesk comprises 10.4% of HMI Capital LLC’s portfolio, making the stock its 7th biggest position. HMI Capital LLC owned about 0.31% of Autodesk worth $75,494,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Andra AP fonden lifted its stake in shares of Autodesk by 6.4% during the 2nd quarter. Andra AP fonden now owns 25,100 shares of the software company’s stock worth $2,531,000 after acquiring an additional 1,500 shares during the last quarter. Eagle Asset Management Inc. lifted its stake in shares of Autodesk by 5.0% during the 2nd quarter. Eagle Asset Management Inc. now owns 349,499 shares of the software company’s stock worth $35,236,000 after acquiring an additional 16,629 shares during the last quarter. Advisor Group Inc. increased its holdings in Autodesk by 17.7% during the 2nd quarter. Advisor Group Inc. now owns 6,584 shares of the software company’s stock worth $664,000 after purchasing an additional 989 shares during the period. Lucha Capital Management LP purchased a new position in Autodesk during the 2nd quarter worth $8,425,000. Finally, Pacad Investment Ltd. purchased a new position in Autodesk during the 2nd quarter worth $2,168,000. 95.85% of the stock is owned by hedge funds and other institutional investors.

Autodesk, Inc. (NASDAQ:ADSK) opened at $107.95 on Tuesday. Autodesk, Inc. has a fifty-two week low of $70.15 and a fifty-two week high of $131.10. The company has a current ratio of 1.07, a quick ratio of 1.22 and a debt-to-equity ratio of 14.78.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 28th. The software company reported ($0.12) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.13) by $0.01. Autodesk had a negative return on equity of 93.60% and a negative net margin of 28.46%. The business had revenue of $515.30 million for the quarter, compared to the consensus estimate of $513.63 million. During the same period last year, the business posted ($0.18) EPS. The business’s revenue was up 5.2% compared to the same quarter last year. analysts anticipate that Autodesk, Inc. will post -1.36 EPS for the current year.

Several research firms have commented on ADSK. BidaskClub upgraded Autodesk from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 24th. Evercore ISI set a $135.00 price objective on Autodesk and gave the stock a “buy” rating in a report on Wednesday, November 15th. KeyCorp raised their price objective on Autodesk from $115.00 to $128.00 and gave the stock an “overweight” rating in a report on Friday, August 25th. Morgan Stanley raised their price objective on Autodesk from $120.00 to $143.00 and gave the stock an “overweight” rating in a report on Wednesday, November 22nd. Finally, Robert W. Baird set a $125.00 price objective on Autodesk and gave the stock a “buy” rating in a report on Sunday, October 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, twenty have given a buy rating and one has assigned a strong buy rating to the stock. Autodesk currently has a consensus rating of “Buy” and a consensus price target of $130.10.

In other news, Director Crawford W. Beveridge sold 1,500 shares of the firm’s stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $112.82, for a total value of $169,230.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Steven M. Blum sold 9,128 shares of the firm’s stock in a transaction on Friday, September 22nd. The stock was sold at an average price of $112.26, for a total value of $1,024,709.28. The disclosure for this sale can be found here. Insiders sold a total of 61,523 shares of company stock worth $7,218,659 over the last quarter. Company insiders own 6.10% of the company’s stock.

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Autodesk Company Profile

Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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