Private Advisor Group LLC Has $2.82 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Private Advisor Group LLC trimmed its holdings in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,224 shares of the software company’s stock after selling 295 shares during the period. Private Advisor Group LLC’s holdings in Autodesk were worth $2,816,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new stake in Autodesk during the 1st quarter valued at $25,000. Concord Wealth Partners acquired a new stake in shares of Autodesk during the 1st quarter worth about $25,000. LRI Investments LLC bought a new stake in shares of Autodesk during the 1st quarter worth about $26,000. Livelsberger Financial Advisory acquired a new position in Autodesk in the 3rd quarter valued at about $27,000. Finally, Olistico Wealth LLC bought a new position in Autodesk in the 2nd quarter valued at about $26,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Performance

Autodesk stock opened at $286.52 on Tuesday. 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 stock has a market cap of $61.75 billion, a PE ratio of 62.02, a P/E/G ratio of 3.52 and a beta of 1.48. Autodesk, Inc. has a 12-month low of $192.01 and a 12-month high of $294.13. The business’s 50-day moving average price is $268.96 and its two-hundred day moving average price is $243.88.

Autodesk (NASDAQ:ADSKGet Free Report) last announced its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. During the same period in the previous year, the firm posted $1.12 EPS. The firm’s revenue was up 11.9% on a year-over-year basis. As a group, analysts expect that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Insider Activity

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $248.18, for a total value of $136,499.00. Following the completion of the transaction, the director now owns 31,899 shares of the company’s stock, valued at $7,916,693.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the sale, the chief accounting officer now directly owns 4,879 shares in the company, valued at $1,340,944.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the transaction, the director now owns 31,899 shares of the company’s stock, valued at approximately $7,916,693.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,280 shares of company stock worth $5,200,929. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several research reports. KeyCorp reaffirmed an “overweight” rating and issued a $305.00 target price on shares of Autodesk in a research report on Monday, August 26th. HSBC upgraded Autodesk from a “hold” rating to a “buy” rating and increased their price objective for the stock from $242.00 to $299.00 in a research report on Tuesday, September 3rd. Berenberg Bank boosted their target price on shares of Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Barclays raised their price target on shares of Autodesk from $275.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Finally, BMO Capital Markets boosted their price objective on shares of Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average target price of $292.95.

Get Our Latest Research Report on Autodesk

Autodesk Company Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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