Pine Valley Investments Ltd Liability Co Purchases 188 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Pine Valley Investments Ltd Liability Co grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 11.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,882 shares of the software company’s stock after purchasing an additional 188 shares during the quarter. Pine Valley Investments Ltd Liability Co’s holdings in Autodesk were worth $518,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Livelsberger Financial Advisory bought a new position in Autodesk during the third quarter valued at approximately $27,000. Concord Wealth Partners bought a new position in shares of Autodesk during the 3rd quarter valued at $28,000. Transcendent Capital Group LLC purchased a new position in Autodesk in the 3rd quarter worth $28,000. Stephens Consulting LLC bought a new stake in Autodesk in the second quarter worth $32,000. Finally, ORG Partners LLC boosted its position in Autodesk by 116.7% during the second quarter. ORG Partners LLC now owns 143 shares of the software company’s stock valued at $35,000 after buying an additional 77 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ADSK. UBS Group began coverage on Autodesk in a research note on Monday, December 2nd. They issued a “buy” rating and a $350.00 target price for the company. KeyCorp increased their price objective on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Oppenheimer lifted their target price on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Hsbc Global Res cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Finally, Royal Bank of Canada boosted their price objective on shares of Autodesk from $290.00 to $313.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.05.

Autodesk Trading Down 1.8 %

Shares of NASDAQ ADSK opened at $303.77 on Friday. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The firm has a 50-day moving average of $296.76 and a 200 day moving average of $263.57. The stock has a market cap of $65.31 billion, a P/E ratio of 60.27, a price-to-earnings-growth ratio of 3.62 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.05. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the business earned $1.33 earnings per share. As a group, sell-side analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the transaction, the director now owns 30,249 shares in the company, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Stephen W. Hope sold 286 shares of the 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 sale, the chief accounting officer now owns 4,879 shares in the company, valued at approximately $1,340,944.36. The trade was a 5.54 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,936 shares of company stock valued at $549,333. 0.14% of the stock is currently owned by corporate insiders.

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.