29,900 Shares in Autodesk, Inc. (NASDAQ:ADSK) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 29,900 shares of the software company's stock, valued at approximately $7,280,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Norges Bank bought a new position in Autodesk in the 4th quarter worth $426,374,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of Autodesk by 480.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,785,264 shares of the software company's stock valued at $371,621,000 after acquiring an additional 1,477,770 shares during the last quarter. Meritage Group LP bought a new position in shares of Autodesk in the 3rd quarter valued at about $170,972,000. Los Angeles Capital Management LLC lifted its stake in Autodesk by 4,112.0% in the third quarter. Los Angeles Capital Management LLC now owns 446,047 shares of the software company's stock worth $92,292,000 after purchasing an additional 435,457 shares during the last quarter. Finally, Baillie Gifford & Co. lifted its stake in Autodesk by 48.0% in the fourth quarter. Baillie Gifford & Co. now owns 1,322,121 shares of the software company's stock worth $321,910,000 after purchasing an additional 429,071 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Insider Activity

In other news, CAO Stephen W. Hope sold 1,757 shares of the company's stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total value of $457,645.79. Following the transaction, the chief accounting officer now directly owns 3,450 shares in the company, valued at approximately $898,621.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, Director Mary T. Mcdowell sold 550 shares of the firm's stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $240.28, for a total value of $132,154.00. Following the sale, the director now directly owns 41,816 shares in the company, valued at approximately $10,047,548.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen W. Hope sold 1,757 shares of the firm's 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 completion of the sale, the chief accounting officer now owns 3,450 shares in the company, valued at $898,621.50. The disclosure for this sale can be found here. Insiders sold a total of 46,770 shares of company stock valued at $12,065,385 in the last 90 days. Company insiders own 0.14% of the company's stock.

Autodesk Price Performance

Shares of ADSK stock traded down $4.08 on Friday, reaching $236.98. 1,617,057 shares of the company were exchanged, compared to its average volume of 1,183,725. The company has a market cap of $50.69 billion, a price-to-earnings ratio of 56.29, a P/E/G ratio of 3.26 and a beta of 1.43. The business has a 50-day moving average price of $255.73 and a 200 day moving average price of $234.92. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82. Autodesk, Inc. has a 1 year low of $188.38 and a 1 year high of $279.53.

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, beating the consensus estimate of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the prior year, the company earned $1.26 EPS. Autodesk's revenue was up 11.5% compared to the same quarter last year. Equities research analysts forecast that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have issued reports on ADSK. The Goldman Sachs Group raised their price objective on shares of Autodesk from $180.00 to $230.00 and gave the stock a "sell" rating in a research note on Friday, March 1st. Piper Sandler Companies lifted their price target on shares of Autodesk from $234.00 to $260.00 and gave the company a "neutral" rating in a research note on Friday, March 1st. TheStreet raised shares of Autodesk from a "c+" rating to a "b-" rating in a report on Friday, December 29th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $320.00 price target on shares of Autodesk in a report on Monday, April 1st. Finally, KeyCorp boosted their price objective on shares of Autodesk from $275.00 to $320.00 and gave the company an "overweight" rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $272.44.

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.