Bank Hapoalim BM Sells 1,015 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Bank Hapoalim BM decreased its holdings in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 37.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,690 shares of the software company’s stock after selling 1,015 shares during the quarter. Bank Hapoalim BM’s holdings in Autodesk were worth $466,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ADSK. New Covenant Trust Company N.A. bought a new stake in shares of Autodesk in the 1st quarter valued at about $25,000. LRI Investments LLC acquired a new stake in Autodesk during the 1st quarter valued at approximately $26,000. Olistico Wealth LLC bought a new position in Autodesk during the 2nd quarter worth approximately $26,000. Pacifica Partners Inc. lifted its position in shares of Autodesk by 83.3% in the 2nd quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock worth $27,000 after purchasing an additional 50 shares during the period. Finally, Livelsberger Financial Advisory bought a new stake in shares of Autodesk in the 3rd quarter valued at $27,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Autodesk news, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the transaction, the chief accounting officer now owns 4,879 shares of the company’s stock, valued at $1,340,944.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the transaction, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. 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, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total transaction of $156,920.50. Following the transaction, the director now directly owns 30,799 shares of the company’s stock, valued at $8,787,262.69. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,280 shares of company stock valued at $5,200,929. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Down 0.2 %

Shares of ADSK stock traded down $0.53 during trading hours on Thursday, reaching $288.29. The company had a trading volume of 296,017 shares, compared to its average volume of 1,581,937. The business has a fifty day simple moving average of $270.48 and a 200-day simple moving average of $244.57. Autodesk, Inc. has a 12 month low of $192.01 and a 12 month high of $294.13. The company has a market cap of $62.13 billion, a price-to-earnings ratio of 62.52, a price-to-earnings-growth ratio of 3.52 and a beta of 1.48. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64.

Autodesk (NASDAQ:ADSKGet Free Report) last posted its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm earned $1.12 EPS. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. On average, research analysts expect that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. Royal Bank of Canada boosted their target price on shares of Autodesk from $290.00 to $313.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Piper Sandler upped their target price on Autodesk from $239.00 to $257.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. HSBC upgraded Autodesk from a “hold” rating to a “buy” rating and lifted their target price for the stock from $242.00 to $299.00 in a report on Tuesday, September 3rd. Berenberg Bank increased their price target on Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Finally, Wells Fargo & Company started coverage on shares of Autodesk in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $340.00 price objective for the company. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $292.95.

Get Our Latest Analysis on ADSK

Autodesk Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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