Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Baird Financial Group Inc.

Baird Financial Group Inc. trimmed its position in Autodesk, Inc. (NASDAQ:ADSKGet Rating) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 13,762 shares of the software company’s stock after selling 285 shares during the period. Baird Financial Group Inc.’s holdings in Autodesk were worth $2,366,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Park Avenue Securities LLC lifted its stake in Autodesk by 12.2% in the 1st quarter. Park Avenue Securities LLC now owns 3,607 shares of the software company’s stock worth $773,000 after purchasing an additional 392 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in Autodesk by 17.8% in the 1st quarter. Arkadios Wealth Advisors now owns 3,471 shares of the software company’s stock worth $744,000 after purchasing an additional 525 shares in the last quarter. Signaturefd LLC lifted its stake in Autodesk by 8.7% in the 1st quarter. Signaturefd LLC now owns 2,209 shares of the software company’s stock worth $473,000 after purchasing an additional 177 shares in the last quarter. Regentatlantic Capital LLC lifted its stake in Autodesk by 33.8% in the 1st quarter. Regentatlantic Capital LLC now owns 9,649 shares of the software company’s stock worth $2,068,000 after purchasing an additional 2,437 shares in the last quarter. Finally, Atria Investments LLC lifted its stake in Autodesk by 2.6% in the 1st quarter. Atria Investments LLC now owns 46,793 shares of the software company’s stock worth $10,030,000 after purchasing an additional 1,166 shares in the last quarter. 86.44% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Performance

NASDAQ:ADSK opened at $221.14 on Thursday. The company has a fifty day simple moving average of $201.88 and a two-hundred day simple moving average of $198.47. The company has a market cap of $47.74 billion, a price-to-earnings ratio of 87.41, a price-to-earnings-growth ratio of 2.03 and a beta of 1.49. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 3.08. Autodesk, Inc. has a 52 week low of $163.20 and a 52 week high of $335.48.

Autodesk (NASDAQ:ADSKGet Rating) last issued its earnings results on Wednesday, August 24th. The software company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $0.92 by $0.12. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.22 billion. Autodesk had a net margin of 11.76% and a return on equity of 88.57%. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.67 earnings per share. As a group, equities analysts anticipate that Autodesk, Inc. will post 4.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Andrew Anagnost sold 34,366 shares of the business’s stock in a transaction on Monday, August 29th. The shares were sold at an average price of $206.87, for a total transaction of $7,109,294.42. Following the completion of the transaction, the chief executive officer now owns 76,968 shares in the company, valued at $15,922,370.16. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.11% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ADSK. Rosenblatt Securities decreased their target price on shares of Autodesk from $285.00 to $270.00 and set a “buy” rating on the stock in a research note on Thursday, August 25th. Barclays lifted their price target on shares of Autodesk from $263.00 to $275.00 and gave the company an “overweight” rating in a research report on Thursday, August 25th. Moffett Nathanson initiated coverage on shares of Autodesk in a research report on Thursday, September 22nd. They set a “sell” rating and a $206.00 price target on the stock. Royal Bank of Canada lifted their price target on shares of Autodesk from $255.00 to $257.00 and gave the company an “outperform” rating in a research report on Thursday, August 18th. Finally, Robert W. Baird lifted their price target on shares of Autodesk from $260.00 to $264.00 and gave the company an “outperform” rating in a research report on Wednesday, August 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $258.48.

Autodesk Company Profile

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Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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.

Further Reading

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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