Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Valley Forge Capital Management LP

Valley Forge Capital Management LP increased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 41.8% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 108,050 shares of the software company’s stock after acquiring an additional 31,850 shares during the period. Autodesk makes up about 5.3% of Valley Forge Capital Management LP’s holdings, making the stock its 6th largest holding. Valley Forge Capital Management LP’s holdings in Autodesk were worth $13,896,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ADSK. Vanguard Group Inc grew its holdings in shares of Autodesk by 0.6% during the third quarter. Vanguard Group Inc now owns 22,839,276 shares of the software company’s stock worth $3,565,439,000 after purchasing an additional 128,028 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Autodesk by 0.8% during the fourth quarter. BlackRock Inc. now owns 17,305,793 shares of the software company’s stock worth $2,225,700,000 after purchasing an additional 132,973 shares during the last quarter. Loomis Sayles & Co. L P grew its holdings in shares of Autodesk by 1.6% during the third quarter. Loomis Sayles & Co. L P now owns 11,036,081 shares of the software company’s stock worth $1,722,843,000 after purchasing an additional 173,531 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of Autodesk by 3.0% during the third quarter. Capital Research Global Investors now owns 6,673,349 shares of the software company’s stock worth $1,041,777,000 after purchasing an additional 195,972 shares during the last quarter. Finally, Capital World Investors grew its holdings in shares of Autodesk by 214.7% during the third quarter. Capital World Investors now owns 5,079,079 shares of the software company’s stock worth $792,895,000 after buying an additional 3,465,109 shares during the last quarter. Institutional investors own 95.38% of the company’s stock.

Shares of Autodesk stock traded up $0.90 during trading on Monday, hitting $172.77. 984,500 shares of the company were exchanged, compared to its average volume of 1,823,575. Autodesk, Inc. has a fifty-two week low of $117.72 and a fifty-two week high of $173.44. The company has a market capitalization of $37.79 billion, a P/E ratio of 1,570.64, a P/E/G ratio of 2.56 and a beta of 1.92.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, February 28th. The software company reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The company had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $707.09 million. During the same period in the prior year, the firm earned ($0.09) earnings per share. As a group, equities research analysts expect that Autodesk, Inc. will post 1.76 earnings per share for the current fiscal year.

In related news, insider Andrew Anagnost sold 10,440 shares of the company’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $153.21, for a total transaction of $1,599,512.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Crawford W. Beveridge sold 1,000 shares of the company’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $152.90, for a total transaction of $152,900.00. The disclosure for this sale can be found here. Insiders have sold a total of 65,227 shares of company stock valued at $10,573,716 over the last three months. Corporate insiders own 0.14% of the company’s stock.

A number of equities analysts recently issued reports on ADSK shares. Stifel Nicolaus started coverage on Autodesk in a report on Tuesday, December 18th. They set a “buy” rating and a $163.00 price target on the stock. Wedbush lowered their price target on Autodesk from $146.00 to $131.00 and set a “positive” rating on the stock in a report on Thursday, December 27th. Atlantic Securities started coverage on Autodesk in a report on Wednesday, January 9th. They set an “overweight” rating and a $180.00 price target on the stock. BidaskClub upgraded shares of Autodesk from a “sell” rating to a “hold” rating in a research report on Thursday, January 10th. Finally, Morgan Stanley downgraded shares of Autodesk from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $160.00 to $150.00 in a research report on Tuesday, January 15th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $172.51.

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Autodesk Profile

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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