Mainsail Financial Group LLC Has $1.45 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Mainsail Financial Group LLC increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 3.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,231 shares of the software company’s stock after buying an additional 197 shares during the period. Autodesk accounts for 0.9% of Mainsail Financial Group LLC’s portfolio, making the stock its 28th largest holding. Mainsail Financial Group LLC’s holdings in Autodesk were worth $1,448,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Concord Wealth Partners acquired a new stake in shares of Autodesk in the first quarter worth $25,000. New Covenant Trust Company N.A. bought a new position in Autodesk in the first quarter worth $25,000. LRI Investments LLC bought a new position in Autodesk in the first quarter worth $26,000. Olistico Wealth LLC bought a new position in Autodesk in the second quarter worth $26,000. Finally, Pacifica Partners Inc. lifted its position in Autodesk by 83.3% in the second quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock worth $27,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

ADSK has been the subject of a number of analyst reports. KeyCorp reissued an “overweight” rating and set a $305.00 price objective on shares of Autodesk in a report on Monday, August 26th. Mizuho set a $260.00 price objective on Autodesk in a report on Friday. Royal Bank of Canada lifted their price target on Autodesk from $290.00 to $313.00 and gave the company an “outperform” rating in a report on Friday, August 30th. The Goldman Sachs Group raised Autodesk from a “sell” rating to a “neutral” rating and lifted their price target for the company from $225.00 to $295.00 in a report on Tuesday, September 3rd. Finally, Rosenblatt Securities lifted their price target on Autodesk from $290.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 30th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.95.

Autodesk Stock Down 0.4 %

NASDAQ:ADSK opened at $288.48 on Wednesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The company has a market cap of $62.17 billion, a PE ratio of 62.44, a PEG ratio of 3.52 and a beta of 1.48. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $294.13. The stock has a 50-day simple moving average of $265.98 and a 200 day simple moving average of $242.68.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results 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. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the company earned $1.12 earnings per share. On average, sell-side analysts expect that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Insider Activity

In other news, COO Steven M. Blum sold 17,344 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the sale, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at $4,616,730. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, 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 stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the sale, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction on Friday, August 30th. The shares were sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the transaction, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at $4,616,730. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,280 shares of company stock valued at $5,200,929 over the last three months. Insiders own 0.14% of the company’s stock.

Autodesk Company Profile

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.