Wallace Advisory Group LLC Has $454,000 Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Wallace Advisory Group LLC lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 59.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,834 shares of the software company’s stock after selling 2,696 shares during the period. Wallace Advisory Group LLC’s holdings in Autodesk were worth $454,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD grew its stake in Autodesk by 263.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 6,294,746 shares of the software company’s stock valued at $1,639,279,000 after acquiring an additional 4,563,668 shares during the period. Ninety One UK Ltd grew its position in Autodesk by 28.0% in the 2nd quarter. Ninety One UK Ltd now owns 5,071,950 shares of the software company’s stock valued at $1,255,054,000 after purchasing an additional 1,108,973 shares during the period. Van ECK Associates Corp increased its stake in Autodesk by 100.9% during the 2nd quarter. Van ECK Associates Corp now owns 1,642,973 shares of the software company’s stock valued at $406,554,000 after purchasing an additional 825,165 shares in the last quarter. Point72 Asset Management L.P. raised its holdings in Autodesk by 366.5% during the second quarter. Point72 Asset Management L.P. now owns 843,040 shares of the software company’s stock worth $208,610,000 after buying an additional 662,339 shares during the last quarter. Finally, FIL Ltd raised its holdings in Autodesk by 19.6% during the fourth quarter. FIL Ltd now owns 2,921,044 shares of the software company’s stock worth $711,216,000 after buying an additional 479,559 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. DA Davidson began coverage on shares of Autodesk in a research report on Friday. They set a “neutral” rating and a $260.00 target price for the company. Stifel Nicolaus lifted their price target on Autodesk from $290.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Hsbc Global Res raised Autodesk to a “strong-buy” rating in a research note on Tuesday, September 3rd. HSBC raised Autodesk from a “hold” rating to a “buy” rating and lifted their target price for the company from $242.00 to $299.00 in a research report on Tuesday, September 3rd. Finally, Citigroup increased their price target on Autodesk from $316.00 to $325.00 and gave the company a “buy” rating in a research report on Tuesday, September 3rd. Eight analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $290.47.

Insider Activity

In related news, COO Steven M. Blum sold 19,693 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $250.00, for a total transaction of $4,923,250.00. Following the sale, the chief operating officer now owns 34,443 shares of the company’s stock, valued at approximately $8,610,750. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $248.18, for a total transaction of $136,499.00. Following the sale, the director now owns 31,899 shares of the company’s stock, valued at approximately $7,916,693.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Steven M. Blum sold 19,693 shares of the stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $250.00, for a total transaction of $4,923,250.00. Following the completion of the sale, the chief operating officer now owns 34,443 shares in the company, valued at $8,610,750. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,687 shares of company stock worth $10,027,986. 0.14% of the stock is owned by corporate insiders.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $271.90 on Monday. The company has a 50-day moving average price of $252.43 and a two-hundred day moving average price of $239.94. Autodesk, Inc. has a twelve month low of $192.01 and a twelve month high of $279.53. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $58.60 billion, a PE ratio of 58.85, a P/E/G ratio of 3.41 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the business earned $1.12 EPS. Autodesk’s revenue was up 11.9% compared to the same quarter last year. Equities analysts forecast that Autodesk, Inc. will post 5.73 EPS for the current year.

About Autodesk

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.