Mirae Asset Global Investments Co. Ltd. Buys 9,877 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Mirae Asset Global Investments Co. Ltd. lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 8.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 128,398 shares of the software company’s stock after acquiring an additional 9,877 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Autodesk were worth $38,205,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ADSK. Livelsberger Financial Advisory bought a new position in shares of Autodesk in the third quarter worth about $27,000. Concord Wealth Partners bought a new position in shares of Autodesk in the third quarter worth about $28,000. Transcendent Capital Group LLC bought a new position in shares of Autodesk in the third quarter worth about $28,000. Central Pacific Bank Trust Division bought a new position in shares of Autodesk in the fourth quarter worth about $37,000. Finally, Wolff Wiese Magana LLC boosted its stake in shares of Autodesk by 3,625.0% in the third quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock worth $41,000 after acquiring an additional 145 shares during the period. Institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 0.2 %

ADSK opened at $306.85 on Wednesday. The stock has a market cap of $65.97 billion, a price-to-earnings ratio of 60.88, a P/E/G ratio of 3.67 and a beta of 1.43. The stock’s 50 day moving average price is $298.81 and its 200-day moving average price is $279.99. Autodesk, Inc. has a one year low of $195.32 and a one year 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 earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the prior year, the firm posted $1.33 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. On average, equities analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ADSK. Citigroup upped their price objective on Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. Barclays boosted their target price on Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Oppenheimer boosted their target price on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Robert W. Baird boosted their target price on Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Rosenblatt Securities boosted their target price on Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $333.77.

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the transaction, the director now owns 30,249 shares of the company’s stock, valued at $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by insiders.

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.