Dupont Capital Management Corp Takes Position in Autodesk, Inc. (NASDAQ:ADSK)

Dupont Capital Management Corp acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 15,349 shares of the software company’s stock, valued at approximately $4,537,000.

Other institutional investors have also recently modified their holdings of the company. Livelsberger Financial Advisory purchased a new stake in Autodesk during the 3rd quarter valued at about $27,000. Concord Wealth Partners purchased a new stake in Autodesk during the 3rd quarter valued at about $28,000. Transcendent Capital Group LLC purchased a new stake in Autodesk during the 3rd quarter valued at about $28,000. Central Pacific Bank Trust Division purchased a new stake in Autodesk during the 4th quarter valued at about $37,000. Finally, Wolff Wiese Magana LLC boosted its holdings in Autodesk by 3,625.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock valued at $41,000 after acquiring an additional 145 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. HSBC cut Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price for the company. in a report on Friday, November 29th. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. BMO Capital Markets increased their price objective on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Rosenblatt Securities increased their price objective on Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, Stifel Nicolaus increased their price objective on Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Nine research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $326.05.

Autodesk Stock Up 1.5 %

Autodesk stock opened at $301.45 on Thursday. The firm has a market cap of $64.81 billion, a price-to-earnings ratio of 59.81, a PEG ratio of 3.44 and a beta of 1.42. The stock has a fifty day simple moving average of $299.73 and a two-hundred day simple moving average of $276.45. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.33 EPS. Equities analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction 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 completion of the sale, the director now owns 30,249 shares of the company’s stock, valued at $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Company 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.