Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Bailard Inc.

Bailard Inc. boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,150 shares of the software company’s stock after buying an additional 104 shares during the quarter. Bailard Inc.’s holdings in Autodesk were worth $2,264,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. New Covenant Trust Company N.A. purchased a new position in Autodesk during the first quarter worth about $25,000. Concord Wealth Partners purchased a new position in Autodesk in the first quarter worth approximately $25,000. LRI Investments LLC acquired a new position in shares of Autodesk during the first quarter worth $26,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of Autodesk during the 4th quarter worth about $25,000. Finally, Olistico Wealth LLC purchased a new stake in shares of Autodesk during the 2nd quarter worth approximately $26,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the 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 directly owns 31,566 shares of the company’s stock, valued at approximately $7,418,010. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, Director Mary T. Mcdowell sold 1,100 shares of the stock in a transaction 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 completion of the transaction, the director now owns 32,116 shares in the company, valued at approximately $7,264,960.36. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $235.00, for a total transaction of $129,250.00. Following the sale, the director now owns 31,566 shares in the company, valued at $7,418,010. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 39,931 shares of company stock worth $9,537,781. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on ADSK shares. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $260.00 target price on shares of Autodesk in a report on Tuesday, June 18th. 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 research note on Tuesday, June 4th. Stifel Nicolaus decreased their target price on Autodesk from $316.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. Piper Sandler reiterated a “neutral” rating and issued a $239.00 price target on shares of Autodesk in a research report on Wednesday, June 12th. Finally, KeyCorp reissued an “overweight” rating and issued a $305.00 target price on shares of Autodesk in a research note on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $268.17.

Autodesk Stock Performance

Shares of ADSK opened at $256.21 on Tuesday. The company has a market capitalization of $55.22 billion, a PE ratio of 55.46, a PEG ratio of 3.23 and a beta of 1.48. Autodesk, Inc. has a 52 week low of $192.01 and a 52 week high of $279.53. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. The company’s 50 day moving average price is $244.89 and its 200 day moving average price is $239.23.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share 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 company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.55 EPS. Research analysts expect that Autodesk, Inc. will post 5.55 EPS for the current fiscal 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.