Napean Trading & Investment Co Singapore PTE Ltd Purchases 3,115 Shares of Autodesk, Inc. $ADSK

Napean Trading & Investment Co Singapore PTE Ltd increased its holdings in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 22.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,786 shares of the software company’s stock after buying an additional 3,115 shares during the period. Napean Trading & Investment Co Singapore PTE Ltd’s holdings in Autodesk were worth $5,332,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in ADSK. Bridgewater Advisors Inc. increased its stake in Autodesk by 2.2% in the 2nd quarter. Bridgewater Advisors Inc. now owns 1,567 shares of the software company’s stock worth $474,000 after acquiring an additional 34 shares during the last quarter. Clarity Wealth Advisors LLC grew its holdings in shares of Autodesk by 2.3% during the second quarter. Clarity Wealth Advisors LLC now owns 1,535 shares of the software company’s stock worth $475,000 after purchasing an additional 35 shares in the last quarter. Patron Partners LLC grew its holdings in shares of Autodesk by 0.8% during the third quarter. Patron Partners LLC now owns 4,295 shares of the software company’s stock worth $1,364,000 after purchasing an additional 35 shares in the last quarter. Fulton Bank N.A. increased its position in shares of Autodesk by 4.6% in the third quarter. Fulton Bank N.A. now owns 812 shares of the software company’s stock worth $258,000 after purchasing an additional 36 shares during the last quarter. Finally, Wedbush Securities Inc. raised its stake in Autodesk by 2.6% in the second quarter. Wedbush Securities Inc. now owns 1,484 shares of the software company’s stock valued at $459,000 after purchasing an additional 37 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk News Roundup

Here are the key news stories impacting Autodesk this week:

Autodesk Price Performance

ADSK stock opened at $218.64 on Tuesday. The firm has a market cap of $46.35 billion, a P/E ratio of 42.37, a P/E/G ratio of 1.59 and a beta of 1.45. The firm’s fifty day moving average is $266.26 and its 200 day moving average is $291.49. Autodesk, Inc. has a 52 week low of $216.01 and a 52 week high of $329.09. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.82 and a current ratio of 0.82.

Autodesk (NASDAQ:ADSKGet Free Report) last posted its quarterly earnings results on Tuesday, November 25th. The software company reported $2.67 earnings per share for the quarter, topping the consensus estimate of $2.50 by $0.17. Autodesk had a net margin of 16.09% and a return on equity of 52.06%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.81 billion. During the same period in the previous year, the firm posted $2.17 earnings per share. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. Research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have commented on ADSK shares. Morgan Stanley cut their price target on shares of Autodesk from $385.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $340.00 price objective on shares of Autodesk in a report on Wednesday, February 11th. Rothschild & Co Redburn set a $375.00 target price on shares of Autodesk in a research report on Friday, January 9th. Robert W. Baird increased their target price on Autodesk from $367.00 to $377.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Finally, Macquarie Infrastructure lifted their price target on Autodesk from $380.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus target price of $350.57.

Check Out Our Latest Report on ADSK

About Autodesk

(Free Report)

Autodesk, Inc (NASDAQ: ADSK) is a software company that develops design and creation tools for the architecture, engineering and construction (AEC), manufacturing, and media and entertainment industries. Headquartered in San Rafael, California, the company was founded in 1982 and is best known for pioneering CAD (computer-aided design) software. Autodesk sells products and services to a global customer base, including architects, engineers, contractors, product designers, and content creators.

The company’s product portfolio includes industry-standard design and modeling applications such as AutoCAD, Revit, Inventor, Fusion 360, Maya and 3ds Max, as well as cloud-based collaboration and project management platforms like BIM 360 and Autodesk Construction Cloud.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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