Salvus Wealth Management LLC Has $395,000 Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Salvus Wealth Management LLC lessened its stake in Autodesk, Inc. (NASDAQ:ADSK) by 5.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,515 shares of the software company’s stock after selling 89 shares during the quarter. Salvus Wealth Management LLC’s holdings in Autodesk were worth $395,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Norges Bank acquired a new stake in Autodesk in the fourth quarter valued at $619,404,000. Meritage Group LP bought a new position in shares of Autodesk in the third quarter valued at about $170,972,000. FIL Ltd raised its position in shares of Autodesk by 19.6% in the fourth quarter. FIL Ltd now owns 2,921,044 shares of the software company’s stock valued at $711,216,000 after purchasing an additional 479,559 shares during the period. Cantillon Capital Management LLC raised its position in shares of Autodesk by 35.1% in the fourth quarter. Cantillon Capital Management LLC now owns 1,702,608 shares of the software company’s stock valued at $414,551,000 after purchasing an additional 442,005 shares during the period. Finally, Baillie Gifford & Co. raised its position in shares of Autodesk by 48.0% in the fourth quarter. Baillie Gifford & Co. now owns 1,322,121 shares of the software company’s stock valued at $321,910,000 after purchasing an additional 429,071 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Morgan Stanley reissued an “equal weight” rating and issued a $255.00 price objective on shares of Autodesk in a research report on Wednesday, June 12th. Piper Sandler reaffirmed a “neutral” rating and set a $239.00 price target on shares of Autodesk in a research report on Wednesday, June 12th. Bank of America lowered their price target on shares of Autodesk from $300.00 to $260.00 and set a “neutral” rating on the stock in a research report on Monday, June 3rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $290.00 price target on shares of Autodesk in a research report on Wednesday, June 12th. Finally, Oppenheimer reiterated an “outperform” rating and set a $275.00 price objective on shares of Autodesk in a research note on Tuesday, June 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, Autodesk presently has a consensus rating of “Hold” and an average target price of $262.42.

Autodesk Trading Up 1.4 %

NASDAQ:ADSK traded up $3.38 during mid-day trading on Tuesday, hitting $242.55. 124,987 shares of the company’s stock were exchanged, compared to its average volume of 1,761,471. The company has a 50 day simple moving average of $218.99 and a 200-day simple moving average of $238.67. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.06. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $279.53. The firm has a market capitalization of $52.27 billion, a P/E ratio of 52.50, a PEG ratio of 3.24 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.10. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same quarter last year, the business earned $1.55 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. As a group, research analysts expect that Autodesk, Inc. will post 5.55 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Monday, June 17th. The shares were sold at an average price of $235.00, for a total value of $129,250.00. Following the completion of the sale, the director now owns 31,566 shares in the company, valued at approximately $7,418,010. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Monday, June 17th. The shares were sold at an average price of $235.00, for a total value of $129,250.00. Following the completion of the sale, the director now owns 31,566 shares in the company, valued at approximately $7,418,010. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Deborah Clifford sold 5,553 shares of Autodesk stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $260.01, for a total transaction of $1,443,835.53. Following the completion of the sale, the chief financial officer now owns 32,259 shares of the company’s stock, valued at approximately $8,387,662.59. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,501 shares of company stock worth $11,714,162. 0.14% of the stock is currently owned by insiders.

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.