Livelsberger Financial Advisory Makes New $27,000 Investment in Autodesk, Inc. (NASDAQ:ADSK)

Livelsberger Financial Advisory acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 99 shares of the software company’s stock, valued at approximately $27,000.

A number of other hedge funds have also recently added to or reduced their stakes in ADSK. TD Asset Management Inc boosted its holdings in shares of Autodesk by 13.0% in the 1st quarter. TD Asset Management Inc now owns 434,407 shares of the software company’s stock valued at $113,128,000 after purchasing an additional 50,027 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its holdings in shares of Autodesk by 10.9% in the 1st quarter. Leith Wheeler Investment Counsel Ltd. now owns 50,291 shares of the software company’s stock valued at $13,097,000 after purchasing an additional 4,932 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Autodesk by 163.4% in the 1st quarter. Cetera Investment Advisers now owns 61,574 shares of the software company’s stock valued at $16,035,000 after purchasing an additional 38,196 shares in the last quarter. Primecap Management Co. CA boosted its holdings in shares of Autodesk by 8.2% in the 2nd quarter. Primecap Management Co. CA now owns 655,900 shares of the software company’s stock valued at $162,302,000 after purchasing an additional 49,500 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in shares of Autodesk by 57.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 16,646 shares of the software company’s stock valued at $4,335,000 after purchasing an additional 6,044 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Oppenheimer boosted their price objective on Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Morgan Stanley restated an “overweight” rating and set a $320.00 price objective on shares of Autodesk in a research report on Monday, September 30th. Piper Sandler boosted their price objective on Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Barclays boosted their price objective on Autodesk from $275.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. Finally, Citigroup set a $325.00 price objective on Autodesk and gave the stock a “buy” rating in a research report on Friday. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $292.95.

Autodesk Stock Down 1.0 %

ADSK stock traded down $2.82 during trading on Monday, reaching $290.17. 543,463 shares of the stock were exchanged, compared to its average volume of 1,604,674. The firm’s 50 day moving average is $264.10 and its 200 day moving average is $242.06. Autodesk, Inc. has a twelve month low of $192.01 and a twelve month high of $294.13. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80. The firm has a market cap of $62.53 billion, a P/E ratio of 63.07, a price-to-earnings-growth ratio of 3.52 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last posted its quarterly 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 return on equity of 59.41% and a net margin of 18.21%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the business earned $1.12 EPS. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, research analysts forecast that Autodesk, Inc. will post 5.73 EPS for the current year.

Insider Transactions at Autodesk

In other news, CAO Stephen W. Hope sold 286 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the sale, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at $1,340,944.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total value of $136,499.00. Following the completion of the transaction, the director now directly owns 31,899 shares of the company’s stock, valued at $7,916,693.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the transaction, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,280 shares of company stock valued at $5,200,929 over the last ninety days. 0.14% of the stock is currently owned by 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.