Hennion & Walsh Asset Management Inc. Sells 286 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Hennion & Walsh Asset Management Inc. cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 14,316 shares of the software company’s stock after selling 286 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Autodesk were worth $3,728,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. VisionPoint Advisory Group LLC grew its holdings in shares of Autodesk by 21.5% during the 4th quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock worth $58,000 after acquiring an additional 42 shares during the period. Bouvel Investment Partners LLC grew its stake in Autodesk by 0.4% in the fourth quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company’s stock worth $2,864,000 after purchasing an additional 44 shares during the period. Venturi Wealth Management LLC raised its holdings in Autodesk by 3.7% in the fourth quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock worth $306,000 after purchasing an additional 45 shares in the last quarter. Goodman Advisory Group LLC lifted its position in Autodesk by 0.4% during the fourth quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock valued at $2,770,000 after buying an additional 49 shares during the period. Finally, Epic Trust Investment Advisors LLC boosted its holdings in shares of Autodesk by 3.7% during the 4th quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company’s stock valued at $331,000 after buying an additional 49 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Autodesk

In related news, Director Mary T. Mcdowell sold 1,100 shares of Autodesk 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 completion of the transaction, the director now owns 32,116 shares in the company, valued at $7,264,960.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Autodesk news, COO Steven M. Blum sold 17,413 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the completion of the transaction, the chief operating officer now owns 54,136 shares in the company, valued at $12,256,390.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary T. Mcdowell sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.21, for a total value of $248,831.00. Following the transaction, the director now directly owns 32,116 shares in the company, valued at approximately $7,264,960.36. The disclosure for this sale can be found here. Insiders sold 19,138 shares of company stock worth $4,339,111 over the last 90 days. 0.14% of the stock is owned by insiders.

Autodesk Stock Up 1.5 %

NASDAQ ADSK opened at $247.45 on Friday. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.06. The stock’s 50 day moving average is $221.13 and its 200 day moving average is $239.09. Autodesk, Inc. has a 12 month low of $192.01 and a 12 month high of $279.53. The stock has a market cap of $53.33 billion, a PE ratio of 53.56, a P/E/G ratio of 3.26 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 for the quarter, beating the consensus estimate of $1.77 by $0.10. Autodesk had a return on equity of 65.46% and a net margin of 17.66%. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter last year, the business posted $1.55 EPS. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. Research analysts predict that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ADSK shares. Berenberg Bank cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $295.00 price target for the company. in a research report on Wednesday, May 1st. BMO Capital Markets lowered their target price on shares of Autodesk from $293.00 to $254.00 and set a “market perform” rating for the company in a report on Wednesday, June 12th. Mizuho cut their price target on Autodesk from $270.00 to $230.00 and set a “neutral” rating on the stock in a research note on Tuesday, June 4th. Rosenblatt Securities reaffirmed a “buy” rating and set a $290.00 price objective on shares of Autodesk in a research report on Wednesday, June 12th. Finally, Bank of America dropped their target price on Autodesk from $300.00 to $260.00 and set a “neutral” rating on the stock in a report on Monday, June 3rd. 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $262.42.

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.