Hexagon Capital Partners LLC Has $40,000 Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Hexagon Capital Partners LLC lessened its position in Autodesk, Inc. (NASDAQ:ADSK) by 30.0% in the 1st quarter, Holdings Channel reports. The fund owned 152 shares of the software company’s stock after selling 65 shares during the period. Hexagon Capital Partners LLC’s holdings in Autodesk were worth $40,000 at the end of the most recent quarter.

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

Insider Activity at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 1,100 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.21, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director Mary T. Mcdowell sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $226.21, for a total value of $248,831.00. Following the transaction, the director now directly owns 32,116 shares of the company’s stock, valued at approximately $7,264,960.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Steven M. Blum sold 17,413 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $226.40, for a total value of $3,942,303.20. Following the sale, the chief operating officer now owns 54,136 shares in the company, valued at $12,256,390.40. The disclosure for this sale can be found here. Insiders sold 19,138 shares of company stock valued at $4,338,701 in the last ninety days. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ADSK. Robert W. Baird decreased their target price on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a research note on Wednesday, May 29th. Barclays cut their price objective on Autodesk from $310.00 to $275.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 12th. Piper Sandler reiterated a “neutral” rating and issued a $239.00 target price on shares of Autodesk in a research note on Wednesday, June 12th. KeyCorp lowered their price target on Autodesk from $320.00 to $305.00 and set an “overweight” rating on the stock in a research report on Monday, May 20th. Finally, BMO Capital Markets cut their price objective on Autodesk from $293.00 to $254.00 and set a “market perform” rating for the company in a research report on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $262.42.

Autodesk Trading Down 0.7 %

ADSK stock opened at $245.83 on Tuesday. Autodesk, Inc. has a 1-year low of $192.01 and a 1-year high of $279.53. 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 business’s 50 day moving average is $221.13 and its 200-day moving average is $239.12. The firm has a market cap of $52.98 billion, a P/E ratio of 53.21, a P/E/G ratio of 3.31 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data 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. The firm had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. Autodesk had a return on equity of 65.46% and a net margin of 17.66%. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same period in the prior year, the company posted $1.55 earnings per share. Equities analysts anticipate that Autodesk, Inc. will post 5.55 earnings per share for the current fiscal year.

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.