Sunbelt Securities Inc. Buys 487 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Sunbelt Securities Inc. boosted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 97.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 987 shares of the software company’s stock after acquiring an additional 487 shares during the period. Sunbelt Securities Inc.’s holdings in Autodesk were worth $257,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Autodesk in the 4th quarter worth approximately $25,000. Bfsg LLC bought a new stake in shares of Autodesk in the fourth quarter valued at $27,000. Rakuten Securities Inc. purchased a new position in shares of Autodesk during the 4th quarter valued at $28,000. Private Wealth Management Group LLC bought a new position in shares of Autodesk during the 4th quarter worth $31,000. Finally, First United Bank & Trust bought a new position in shares of Autodesk during the 4th quarter worth $34,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Stifel Nicolaus dropped their price objective on shares of Autodesk from $316.00 to $290.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $260.00 price target on shares of Autodesk in a report on Tuesday, June 18th. KeyCorp dropped their price objective on Autodesk from $320.00 to $305.00 and set an “overweight” rating on the stock in a report on Monday, May 20th. StockNews.com lowered Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. Finally, Mizuho lowered their price target on shares of Autodesk from $270.00 to $230.00 and set a “neutral” rating on the stock in a report on Tuesday, June 4th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $262.42.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 1,100 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $226.21, for a total transaction of $248,831.00. Following the completion of the sale, the director now owns 32,116 shares of the company’s stock, valued at $7,264,960.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Mary T. Mcdowell sold 1,100 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $226.21, for a total value of $248,831.00. Following the sale, the director now directly owns 32,116 shares of the company’s stock, valued at $7,264,960.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction that occurred 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 transaction, the director now directly owns 31,566 shares of the company’s stock, valued at approximately $7,418,010. The disclosure for this sale can be found here. Insiders have sold 19,138 shares of company stock valued at $4,339,111 in the last ninety days. Company insiders own 0.14% of the company’s stock.

Autodesk Price Performance

Shares of Autodesk stock opened at $243.68 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $279.53. The company has a fifty day moving average of $219.85 and a 200-day moving average of $238.83. The stock has a market capitalization of $52.52 billion, a price-to-earnings ratio of 52.89, a price-to-earnings-growth ratio of 3.24 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. During the same period in the prior year, the business posted $1.55 earnings per share. The company’s revenue was up 11.7% on a year-over-year basis. Equities research analysts expect that Autodesk, Inc. will post 5.55 EPS for the current year.

Autodesk 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.