Valeo Financial Advisors LLC Has $31,000 Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Valeo Financial Advisors LLC decreased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 28.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 207 shares of the software company’s stock after selling 82 shares during the quarter. Valeo Financial Advisors LLC’s holdings in Autodesk were worth $31,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. boosted its stake in shares of Autodesk by 10.8% during the 3rd quarter. Pacer Advisors Inc. now owns 38,125 shares of the software company’s stock worth $5,631,000 after acquiring an additional 3,716 shares during the period. Artemis Investment Management LLP grew its position in Autodesk by 2,115.7% during the 3rd quarter. Artemis Investment Management LLP now owns 68,243 shares of the software company’s stock worth $10,057,000 after acquiring an additional 65,163 shares during the last quarter. Forte Capital LLC ADV grew its position in Autodesk by 3.5% during the 3rd quarter. Forte Capital LLC ADV now owns 31,164 shares of the software company’s stock worth $4,603,000 after acquiring an additional 1,045 shares during the last quarter. First Hawaiian Bank grew its position in Autodesk by 13.3% during the 3rd quarter. First Hawaiian Bank now owns 14,626 shares of the software company’s stock worth $2,160,000 after acquiring an additional 1,716 shares during the last quarter. Finally, Verde Servicos Internacionais S.A. bought a new stake in shares of Autodesk in the 3rd quarter valued at about $4,754,000. 93.34% of the stock is currently owned by institutional investors.

In related news, CAO Stephen W. Hope sold 856 shares of Autodesk stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $152.25, for a total value of $130,326.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 1,154 shares of company stock worth $175,163 over the last three months. Insiders own 0.12% of the company’s stock.

A number of equities research analysts have commented on the company. KeyCorp reiterated an “overweight” rating and issued a $184.00 price target (down previously from $196.00) on shares of Autodesk in a research report on Wednesday, August 28th. Evercore ISI reissued a “buy” rating and issued a $190.00 price objective on shares of Autodesk in a research note on Sunday, September 8th. Deutsche Bank downgraded Autodesk from a “buy” rating to a “hold” rating and dropped their price target for the stock from $180.00 to $165.00 in a research note on Thursday, August 15th. Wells Fargo & Co dropped their price target on Autodesk from $200.00 to $180.00 and set an “outperform” rating on the stock in a research note on Wednesday, August 28th. Finally, Griffin Securities lowered their price objective on Autodesk from $193.00 to $184.00 and set a “buy” rating for the company in a research note on Wednesday, August 28th. Three research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company. Autodesk has a consensus rating of “Hold” and a consensus price target of $169.48.

NASDAQ ADSK traded down $4.60 during mid-day trading on Friday, reaching $139.67. The stock had a trading volume of 2,723,146 shares, compared to its average volume of 1,515,298. Autodesk, Inc. has a 1 year low of $117.72 and a 1 year high of $178.95. The stock has a market cap of $31.68 billion, a PE ratio of 1,269.73, a price-to-earnings-growth ratio of 2.52 and a beta of 1.86. The company has a fifty day moving average price of $148.06 and a 200 day moving average price of $160.36.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, August 27th. The software company reported $0.29 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.04). Autodesk had a negative return on equity of 59.32% and a net margin of 1.95%. The firm had revenue of $796.80 million during the quarter, compared to analysts’ expectations of $788.00 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. Autodesk’s revenue was up 30.3% on a year-over-year basis. On average, research analysts expect that Autodesk, Inc. will post 1.51 earnings per share for the current year.

Autodesk Company Profile

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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