Greenup Street Wealth Management LLC Invests $2.62 Million in Autodesk, Inc. (NASDAQ:ADSK)

Greenup Street Wealth Management LLC bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,501 shares of the software company’s stock, valued at approximately $2,618,000.

Other institutional investors also recently bought and sold shares of the company. Concord Wealth Partners purchased a new position in Autodesk during the first quarter valued at $25,000. New Covenant Trust Company N.A. purchased a new position in Autodesk during the first quarter valued at $25,000. LRI Investments LLC purchased a new position in Autodesk during the first quarter valued at $26,000. Olistico Wealth LLC purchased a new position in shares of Autodesk in the 2nd quarter worth $26,000. Finally, Pacifica Partners Inc. grew its stake 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 buying an additional 50 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Trading Up 0.5 %

Shares of ADSK opened at $290.57 on Friday. Autodesk, Inc. has a 1-year low of $192.01 and a 1-year high of $292.88. The company has a 50-day moving average of $263.05 and a 200 day moving average of $241.90. The firm has a market capitalization of $62.62 billion, a price-to-earnings ratio of 62.89, a PEG 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:ADSK) last announced its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating 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 company had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter last year, the business posted $1.12 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, research analysts expect that Autodesk, Inc. will post 5.73 EPS for the current year.

Analyst Upgrades and Downgrades

ADSK has been the subject of a number of recent research reports. KeyCorp reissued an “overweight” rating and issued a $305.00 price objective on shares of Autodesk in a research note on Monday, August 26th. Stifel Nicolaus lifted their price objective on shares of Autodesk from $290.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Hsbc Global Res raised shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, September 3rd. The Goldman Sachs Group raised shares of Autodesk from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $225.00 to $295.00 in a research note on Tuesday, September 3rd. Finally, Citigroup lifted their price objective on shares of Autodesk from $316.00 to $325.00 and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $292.95.

Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the sale, the chief accounting officer now owns 4,879 shares in the company, valued at $1,340,944.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Autodesk 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 transaction of $78,604.24. Following the transaction, the chief accounting officer now owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the firm’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 $7,916,693.82. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,280 shares of company stock worth $5,200,929 in the last 90 days. 0.14% of the stock is owned by corporate insiders.

Autodesk Company 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.