Autodesk, Inc. (NASDAQ:ADSK) Stock Holdings Boosted by Advisory Alpha LLC

Advisory Alpha LLC lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 33.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,545 shares of the software company’s stock after acquiring an additional 387 shares during the period. Advisory Alpha LLC’s holdings in Autodesk were worth $402,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ADSK. Concord Wealth Partners acquired a new position in Autodesk during the first quarter worth about $25,000. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Autodesk in the 4th quarter worth approximately $25,000. Bfsg LLC acquired a new stake in Autodesk during the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. acquired a new stake in Autodesk during the fourth quarter valued at approximately $28,000. Finally, Private Wealth Management Group LLC acquired a new stake in Autodesk during the fourth quarter valued at approximately $31,000. Institutional investors 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 company’s stock in a transaction on 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 directly owns 31,566 shares of the company’s stock, valued at $7,418,010. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on 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 directly owns 31,566 shares of the company’s stock, valued at $7,418,010. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Steven M. Blum sold 19,693 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $250.00, for a total transaction of $4,923,250.00. Following the sale, the chief operating officer now directly owns 34,443 shares in the company, valued at $8,610,750. The disclosure for this sale can be found here. Insiders have sold a total of 38,831 shares of company stock valued at $9,261,951 over the last 90 days. 0.14% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on ADSK shares. Bank of America cut their target price on shares of Autodesk from $300.00 to $260.00 and set a “neutral” rating for the company in a research note on Monday, June 3rd. Barclays cut their price target on shares of Autodesk from $310.00 to $275.00 and set an “overweight” rating on the stock in a report on Wednesday, June 12th. Royal Bank of Canada restated an “outperform” rating and set a $260.00 price target on shares of Autodesk in a report on Tuesday, June 18th. Mizuho cut their price target on shares of Autodesk from $270.00 to $230.00 and set a “neutral” rating on the stock in a report on Tuesday, June 4th. Finally, BMO Capital Markets dropped their price objective on shares of Autodesk from $293.00 to $254.00 and set a “market perform” rating on the stock in a research note on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $262.42.

Autodesk Price Performance

Shares of NASDAQ ADSK traded up $6.00 during trading on Friday, reaching $254.77. The company had a trading volume of 213,369 shares, compared to its average volume of 1,745,543. Autodesk, Inc. has a 52 week low of $192.01 and a 52 week high of $279.53. The stock has a market cap of $54.91 billion, a PE ratio of 54.18, a PEG ratio of 3.30 and a beta of 1.48. 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 business’s 50 day moving average price is $226.87 and its 200-day moving average price is $239.55.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, June 11th. The software company reported $1.87 EPS for the quarter, topping the consensus estimate of $1.77 by $0.10. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same quarter in the previous year, the company earned $1.55 EPS. Autodesk’s revenue was up 11.7% on a year-over-year basis. Analysts expect that Autodesk, Inc. will post 5.55 earnings per share for the current 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.