Meeder Asset Management Inc. Acquires Shares of 13,224 Autodesk, Inc. (NASDAQ:ADSK)

Meeder Asset Management Inc. bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 13,224 shares of the software company's stock, valued at approximately $3,220,000.

Several other hedge funds have also recently added to or reduced their stakes in ADSK. O Shaughnessy Asset Management LLC boosted its position in shares of Autodesk by 86.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company's stock worth $1,959,000 after acquiring an additional 4,381 shares during the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Autodesk in the third quarter worth $330,000. Carnegie Capital Asset Management LLC increased its stake in Autodesk by 60.5% during the third quarter. Carnegie Capital Asset Management LLC now owns 19,776 shares of the software company's stock valued at $4,092,000 after purchasing an additional 7,451 shares during the last quarter. Columbia Trust Co 01012016 increased its stake in Autodesk by 13.1% during the fourth quarter. Columbia Trust Co 01012016 now owns 4,355 shares of the software company's stock valued at $1,060,000 after purchasing an additional 503 shares during the last quarter. Finally, Matrix Capital Management Company LP acquired a new position in shares of Autodesk during the second quarter valued at $24,349,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Performance

ADSK stock traded up $1.15 during midday trading on Monday, hitting $245.89. 1,273,481 shares of the company traded hands, compared to its average volume of 1,300,951. Autodesk, Inc. has a twelve month low of $188.38 and a twelve month high of $279.53. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. The business has a 50 day simple moving average of $257.09 and a 200-day simple moving average of $233.56. The stock has a market capitalization of $52.60 billion, a price-to-earnings ratio of 58.41, a price-to-earnings-growth ratio of 3.36 and a beta of 1.43.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.14. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. Autodesk's quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company posted $1.26 earnings per share. As a group, equities research analysts predict that Autodesk, Inc. will post 5.38 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Citigroup increased their target price on shares of Autodesk from $276.00 to $307.00 and gave the company a "buy" rating in a research report on Monday, February 26th. Oppenheimer raised their price objective on shares of Autodesk from $265.00 to $315.00 and gave the company an "outperform" rating in a research report on Friday, March 1st. Berenberg Bank raised their price objective on shares of Autodesk from $228.50 to $255.00 in a research report on Monday, December 11th. TheStreet upgraded shares of Autodesk from a "c+" rating to a "b-" rating in a research report on Friday, December 29th. Finally, Barclays raised their price objective on shares of Autodesk from $300.00 to $310.00 and gave the company an "overweight" rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $272.44.

Insiders Place Their Bets

In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of Autodesk stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the sale, the chief accounting officer now owns 3,450 shares in the company, valued at $898,621.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of Autodesk stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the transaction, the chief accounting officer now directly owns 3,450 shares of the company's stock, valued at $898,621.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Rebecca Pearce sold 1,628 shares of Autodesk stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $251.54, for a total value of $409,507.12. Following the transaction, the executive vice president now directly owns 13,620 shares of the company's stock, valued at $3,425,974.80. The disclosure for this sale can be found here. Insiders have sold 46,770 shares of company stock worth $12,065,385 over the last 90 days. Corporate insiders own 0.14% of the company's stock.

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.