Y Intercept Hong Kong Ltd Makes New Investment in Autodesk, Inc. (NASDAQ:ADSK)

Y Intercept Hong Kong Ltd acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,171 shares of the software company’s stock, valued at approximately $874,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Livelsberger Financial Advisory bought a new stake in shares of Autodesk during the third quarter valued at approximately $27,000. Transcendent Capital Group LLC purchased a new position in Autodesk during the third quarter valued at approximately $28,000. Concord Wealth Partners purchased a new position in Autodesk during the third quarter valued at approximately $28,000. Stephens Consulting LLC purchased a new position in Autodesk during the second quarter valued at approximately $32,000. Finally, GPS Wealth Strategies Group LLC increased its holdings in Autodesk by 94.3% during the second quarter. GPS Wealth Strategies Group LLC now owns 136 shares of the software company’s stock valued at $34,000 after buying an additional 66 shares during the period. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling

In related news, CAO Stephen W. Hope sold 286 shares of the company’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 completion of the sale, the chief accounting officer now owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This represents a 5.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,936 shares of company stock worth $549,333 in the last 90 days. Insiders own 0.14% of the company’s stock.

Autodesk Trading Up 0.6 %

Shares of Autodesk stock opened at $309.34 on Friday. The firm has a 50-day simple moving average of $295.30 and a two-hundred day simple moving average of $262.63. The company has a market cap of $66.51 billion, a P/E ratio of 61.33, a price-to-earnings-growth ratio of 3.63 and a beta of 1.43. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

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

Wall Street Analysts Forecast Growth

ADSK has been the topic of several research reports. Oppenheimer lifted their price objective on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Mizuho lifted their price target on shares of Autodesk from $260.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Macquarie started coverage on shares of Autodesk in a report on Thursday. They issued an “outperform” rating and a $380.00 price target on the stock. Piper Sandler lifted their price target on shares of Autodesk from $257.00 to $311.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Finally, Stifel Nicolaus boosted their price objective on shares of Autodesk from $320.00 to $340.00 and gave the company a “buy” rating in a report on Friday, November 15th. Ten research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $323.05.

About Autodesk

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.