Prio Wealth Limited Partnership Has $14.70 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Prio Wealth Limited Partnership grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.3% during the third quarter, HoldingsChannel.com reports. The firm owned 53,352 shares of the software company’s stock after purchasing an additional 672 shares during the period. Prio Wealth Limited Partnership’s holdings in Autodesk were worth $14,697,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Sunbelt Securities Inc. lifted its stake in shares of Autodesk by 97.4% in the first quarter. Sunbelt Securities Inc. now owns 987 shares of the software company’s stock worth $257,000 after acquiring an additional 487 shares during the period. Brookstone Capital Management lifted its stake in shares of Autodesk by 9.5% in the first quarter. Brookstone Capital Management now owns 1,389 shares of the software company’s stock worth $362,000 after acquiring an additional 121 shares during the period. Wealthcare Advisory Partners LLC acquired a new position in shares of Autodesk in the first quarter worth approximately $212,000. Procyon Advisors LLC lifted its stake in shares of Autodesk by 4.1% in the first quarter. Procyon Advisors LLC now owns 23,014 shares of the software company’s stock worth $5,993,000 after acquiring an additional 911 shares during the period. Finally, Bouvel Investment Partners LLC increased its holdings in Autodesk by 1.9% in the first 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 in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total value of $136,499.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total value of $136,499.00. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Steven M. Blum sold 17,344 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the transaction, the chief operating officer now directly owns 17,099 shares in the company, valued at approximately $4,616,730. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,280 shares of company stock worth $5,200,929. 0.14% of the stock is owned by corporate insiders.

Autodesk Stock Down 1.0 %

Autodesk stock traded down $2.94 during trading on Monday, hitting $290.05. 193,564 shares of the company were exchanged, compared to its average volume of 1,603,001. The business’s 50 day moving average is $264.10 and its 200 day moving average is $242.06. Autodesk, Inc. has a 52 week low of $192.01 and a 52 week high of $294.13. The company has a market capitalization of $62.51 billion, a P/E ratio of 63.07, a PEG ratio of 3.52 and a beta of 1.48. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.15. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter in the prior year, the company posted $1.12 earnings per share. Autodesk’s revenue was up 11.9% compared to the same quarter last year. Analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on ADSK shares. Royal Bank of Canada lifted their target price on Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Mizuho set a $260.00 target price on Autodesk in a report on Friday. Bank of America lifted their target price on Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. BMO Capital Markets lifted their target price on Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a report on Friday, August 30th. Finally, Hsbc Global Res upgraded Autodesk to a “strong-buy” rating in a report on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $292.95.

Autodesk Company 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.