Invesco LLC Sells 80 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Invesco LLC lessened its stake in Autodesk, Inc. (NASDAQ:ADSK) by 2.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,206 shares of the software company’s stock after selling 80 shares during the period. Invesco LLC’s holdings in Autodesk were worth $883,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in ADSK. New Covenant Trust Company N.A. bought a new stake in shares of Autodesk in the first quarter worth $25,000. LRI Investments LLC purchased a new stake in shares of Autodesk during the 1st quarter valued at about $26,000. Olistico Wealth LLC purchased a new position in shares of Autodesk in the second quarter worth approximately $26,000. Pacifica Partners Inc. grew its position in Autodesk by 83.3% during the second quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock valued at $27,000 after buying an additional 50 shares during the period. Finally, Livelsberger Financial Advisory bought a new position in Autodesk in the third quarter worth approximately $27,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK stock traded up $2.77 on Friday, reaching $286.57. The company’s stock had a trading volume of 1,047,852 shares, compared to its average volume of 1,585,040. The company has a market capitalization of $61.61 billion, a price-to-earnings ratio of 58.60, a price-to-earnings-growth ratio of 3.67 and a beta of 1.48. The stock’s fifty day simple moving average is $271.79 and its 200-day simple moving average is $245.24. 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, Inc. has a 1 year low of $192.01 and a 1 year high of $294.13.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share 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 posted $1.12 EPS. The business’s quarterly revenue was up 11.9% on a year-over-year basis. Analysts forecast that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. The Goldman Sachs Group raised shares of Autodesk from a “sell” rating to a “neutral” rating and boosted their price objective for the company from $225.00 to $295.00 in a research report on Tuesday, September 3rd. Hsbc Global Res upgraded Autodesk to a “strong-buy” rating in a research report on Tuesday, September 3rd. Oppenheimer lifted their price objective on Autodesk from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Barclays increased their target price on shares of Autodesk from $275.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $305.00 price target on shares of Autodesk in a report on Monday, August 26th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $292.95.

Insider Activity

In related news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $248.18, for a total transaction of $136,499.00. Following the transaction, the director now directly owns 31,899 shares in the company, valued at approximately $7,916,693.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CAO Stephen W. Hope sold 286 shares of the firm’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 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 SEC, which is accessible through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $248.18, for a total transaction of $136,499.00. Following the completion of the sale, the director now directly owns 31,899 shares of the company’s stock, valued at approximately $7,916,693.82. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,280 shares of company stock valued at $5,200,929. 0.14% of the stock is currently owned by company 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.