Waldron Private Wealth LLC Purchases Shares of 736 Autodesk, Inc. (NASDAQ:ADSK)

Waldron Private Wealth LLC acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 736 shares of the software company’s stock, valued at approximately $203,000.

Other institutional investors have also recently modified their holdings of the company. Sunbelt Securities Inc. boosted its position in Autodesk by 97.4% during the first quarter. Sunbelt Securities Inc. now owns 987 shares of the software company’s stock valued at $257,000 after buying an additional 487 shares during the period. Brookstone Capital Management boosted its holdings in Autodesk by 9.5% during the 1st quarter. Brookstone Capital Management now owns 1,389 shares of the software company’s stock valued at $362,000 after acquiring an additional 121 shares during the period. Wealthcare Advisory Partners LLC bought a new position in Autodesk during the 1st quarter worth approximately $212,000. Bouvel Investment Partners LLC increased its stake in Autodesk by 1.9% in the 1st quarter. Bouvel Investment Partners LLC now owns 11,982 shares of the software company’s stock worth $3,120,000 after purchasing an additional 220 shares during the period. Finally, Atlantic Union Bankshares Corp lifted its position in Autodesk by 16.8% in the first quarter. Atlantic Union Bankshares Corp now owns 9,268 shares of the software company’s stock valued at $2,414,000 after purchasing an additional 1,334 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on ADSK. Piper Sandler lifted their target price on shares of Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Rosenblatt Securities increased their target price on shares of Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Oppenheimer boosted their price target on Autodesk from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, August 30th. The Goldman Sachs Group upgraded Autodesk from a “sell” rating to a “neutral” rating and increased their price objective for the stock from $225.00 to $295.00 in a report on Tuesday, September 3rd. Finally, Berenberg Bank boosted their target price on Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and a consensus target price of $292.95.

Autodesk Stock Down 0.8 %

ADSK stock opened at $286.30 on Thursday. The business has a 50 day moving average of $266.78 and a 200 day moving average of $242.99. The firm has a market cap of $61.70 billion, a PE ratio of 61.97, a price-to-earnings-growth ratio of 3.52 and a beta of 1.48. Autodesk, Inc. has a twelve month low of $192.01 and a twelve month high of $294.13. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.15. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The company’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the company earned $1.12 earnings per share. On average, research analysts forecast that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $248.18, for a total value of $136,499.00. Following the completion of the transaction, the director now directly owns 31,899 shares in the company, valued at $7,916,693.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $248.18, for a total value of $136,499.00. Following the completion of the transaction, the director now owns 31,899 shares of the company’s stock, valued at approximately $7,916,693.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the sale, the chief accounting officer now directly owns 4,879 shares in the company, valued at approximately $1,340,944.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,280 shares of company stock worth $5,200,929. Corporate insiders own 0.14% of the company’s stock.

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.