Prospera Financial Services Inc has acquired a new stake in Autodesk, Inc. (NASDAQ: ADSK – Get 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: ADSK – Get 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
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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