Autodesk, Inc. (NASDAQ:ADSK) Stake Decreased by Ashton Thomas Private Wealth LLC

Ashton Thomas Private Wealth LLC trimmed its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 2.3% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 3,166 shares of the software company’s stock after selling 75 shares during the quarter. Ashton Thomas Private Wealth LLC’s holdings in Autodesk were worth $872,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in the business. New Covenant Trust Company N.A. bought a new position in shares of Autodesk in the first quarter worth $25,000. LRI Investments LLC bought a new position in Autodesk in the 1st quarter valued at about $26,000. Olistico Wealth LLC bought a new position in Autodesk in the 2nd quarter valued at about $26,000. Pacifica Partners Inc. increased its stake in Autodesk by 83.3% during the 2nd quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock valued at $27,000 after buying an additional 50 shares during the period. Finally, Livelsberger Financial Advisory bought a new stake in shares of Autodesk during the 3rd quarter worth about $27,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $265.50, for a total transaction of $146,025.00. Following the completion of the sale, the director now directly owns 31,349 shares in the company, valued at $8,323,159.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the transaction, the director now owns 31,349 shares of the company’s stock, valued at approximately $8,323,159.50. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen W. Hope sold 286 shares of the business’s 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 $1,340,944.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 18,730 shares of company stock worth $5,064,430 over the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Price Performance

NASDAQ ADSK opened at $313.14 on Thursday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $67.33 billion, a price-to-earnings ratio of 64.04, a price-to-earnings-growth ratio of 3.93 and a beta of 1.47. The company has a 50 day simple moving average of $278.10 and a 200-day simple moving average of $249.83. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $315.73.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the firm earned $1.12 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. Equities research analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of research analyst reports. Oppenheimer raised their price objective on shares of Autodesk from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Wells Fargo & Company initiated coverage on Autodesk in a report on Wednesday, October 16th. They issued an “overweight” rating and a $340.00 price objective for the company. Berenberg Bank boosted their price target on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Hsbc Global Res upgraded shares of Autodesk to a “strong-buy” rating in a research report on Tuesday, September 3rd. Finally, DA Davidson assumed coverage on shares of Autodesk in a research note on Friday, September 27th. They set a “neutral” rating and a $260.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $292.95.

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.