Prospera Financial Services Inc buys shares of 541 Autodesk, Inc. (NASDAQ: ADSK)


Prospera Financial Services Inc has acquired a new stake in Autodesk, Inc. (NASDAQ: ADSKGet a rating) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 541 shares of the software company, valued at around $116,000.

A number of other hedge funds and other institutional investors also bought and sold stocks. CENTRAL TRUST Co increased its position in Autodesk by 6.4% in the fourth quarter. CENTRAL TRUST Co now owns 713 shares of the software company worth $200,000 after buying 43 more shares in the last quarter. Sigma Planning Corp increased its position in Autodesk by 1.1% in the fourth quarter. Sigma Planning Corp now owns 4,594 shares of the software company worth $1,292,000 after buying 50 more shares in the last quarter. Highland Capital Management LLC increased its position in Autodesk by 0.6% in the first quarter. Highland Capital Management LLC now owns 8,105 shares of the software company worth $1,737,000 after buying 52 more shares in the last quarter. Cozad Asset Management Inc. increased its position in Autodesk by 6.0% in the first quarter. Cozad Asset Management Inc. now owns 970 shares of the software company worth $208,000 after buying 55 more shares in the last quarter. Finally, Shorepoint Capital Partners LLC increased its position in Autodesk by 2.1% in the fourth quarter. Shorepoint Capital Partners LLC now owns 2,935 shares of the software company worth $825,000 after buying 59 additional shares in the last quarter. Hedge funds and other institutional investors hold 89.55% of the company’s shares.

Wall Street analysts predict growth

A number of analysts have commented on ADSK shares. Goldman Sachs Group cut its price target on Autodesk from $210.00 to $185.00 and set a “sell” rating for the company in a Tuesday, May 31 research report. Stifel Nicolaus cut his target price on Autodesk from $285.00 to $230.00 and set a “buy” rating for the company in a Monday, May 23 research report. Deutsche Bank Aktiengesellschaft downgraded Autodesk from a “buy” to a “hold” rating and reduced its target price for the stock from $275.00 to $225.00 in a Monday, May 23 research report . Royal Bank of Canada reduced its target price on Autodesk from $295.00 to $255.00 in a Monday, May 23 research report. Finally, Oppenheimer assumed coverage for Autodesk in a research report on Tuesday, July 26. They set an “outperform” rating and a target price of $320.00 for the company. One analyst rated the stock with a sell rating, four issued a hold rating and sixteen gave the company’s stock a buy rating. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $261.80.

Insider buying and selling

In related news, EVP Rebecca Pearce sold 1,608 shares of the company in a transaction that took place on Tuesday, May 31. The stock was sold at an average price of $207.86, for a total transaction of $334,238.88. Following the completion of the sale, the executive vice president now directly owns 19,325 shares of the company, valued at approximately $4,016,894.50. The sale was disclosed in a filing with the Securities & Exchange Commission, available via this hyperlink. In other Autodesk CAD news Stephen W. Hope sold 327 shares of the company in a trade on Tuesday, July 12. The stock was sold at an average price of $177.43, for a total transaction of $58,019.61. As a result of the transaction, the chief accounting officer now directly owns 4,186 shares of the company, valued at approximately $742,721.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, available at the SEC website. Also, VPE Rebecca Pearce sold 1,608 shares of the company in a trade on Tuesday, May 31. The stock was sold at an average price of $207.86, for a total value of $334,238.88. Following the transaction, the executive vice president now owns 19,325 shares of the company, valued at $4,016,894.50. Disclosure of this sale can be found here. 0.11% of the shares are held by insiders.

Autodesk Price Performance

NASDAQ: ADSK opened at $221.70 on Friday. The company has a market capitalization of $48.17 billion, a price-earnings ratio of 100.77 and a beta of 1.53. Autodesk, Inc. has a 1-year minimum of $163.20 and a 1-year maximum of $344.39. The company has a 50-day simple moving average of $189.93 and a 200-day simple moving average of $203.36. The company has a debt ratio of 3.35, a current ratio of 0.62 and a quick ratio of 0.62.

Autodesk (NASDAQ: ADSKGet a rating) last released its quarterly results on Thursday, May 26. The software company reported earnings per share (EPS) of $0.87 for the quarter, beating analyst consensus estimates of $0.77 by $0.10. Autodesk had a return on equity of 68.41% and a net margin of 10.67%. The company posted revenue of $1.17 billion in the quarter, versus analyst estimates of $1.15 billion. During the same period last year, the company achieved EPS of $1.03. Autodesk’s quarterly revenue increased 18.3% compared to the same quarter last year. Stock analysts expect Autodesk, Inc. to post EPS of 3.99 for the current year.

Autodesk Company Profile

(Get a rating)

Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land, transportation, and environmental projects; BIM 360, a cloud-based construction management software; AutoCAD, professional design, drafting, detailing, and visualization software; AutoCAD LT, drafting and detailing software; computer aided manufacturing (CAM) software for computer numerical control machining, inspection and modeling for manufacturing; Fusion 360, a 3D CAD, CAM and computer-aided engineering tool; and industry collections tools for professionals in the architecture, engineering and construction, product design and manufacturing, and media and entertainment collections industries.

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Institutional ownership by quarter for Autodesk (NASDAQ: ADSK)



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