Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Principal Securities Inc.

Principal Securities Inc. boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,034 shares of the software company’s stock after buying an additional 527 shares during the period. Principal Securities Inc.’s holdings in Autodesk were worth $3,591,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of ADSK. New Covenant Trust Company N.A. purchased a new position in Autodesk during the 1st quarter worth approximately $25,000. LRI Investments LLC acquired a new stake in Autodesk during the 1st quarter worth about $26,000. Livelsberger Financial Advisory acquired a new position in shares of Autodesk in the 3rd quarter valued at about $27,000. Concord Wealth Partners purchased a new stake in shares of Autodesk in the third quarter worth approximately $28,000. Finally, Olistico Wealth LLC purchased a new position in Autodesk during the second quarter valued at approximately $26,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total transaction of $136,499.00. Following the transaction, the director now 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 sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total transaction of $136,499.00. Following the transaction, the director now 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Steven M. Blum sold 17,344 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $270.00, for a total value of $4,682,880.00. Following the transaction, the chief operating officer now directly owns 17,099 shares in the company, valued at $4,616,730. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,280 shares of company stock worth $5,200,929. Insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

Shares of NASDAQ:ADSK opened at $286.57 on Friday. The business’s fifty day moving average price is $271.79 and its two-hundred day moving average price is $245.24. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $294.13. The stock 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 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 earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.00 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.12 earnings per share. As a group, analysts predict that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Bank of America boosted their price target on shares of Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Oppenheimer raised their price target on Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. The Goldman Sachs Group upgraded Autodesk from a “sell” rating to a “neutral” rating and lifted their price target for the company from $225.00 to $295.00 in a report on Tuesday, September 3rd. Barclays lifted their price target on Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Finally, HSBC upgraded Autodesk from a “hold” rating to a “buy” rating and lifted their price target for the company from $242.00 to $299.00 in a report on Tuesday, September 3rd. Eight investment 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 company’s stock. Based on data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $292.95.

About Autodesk

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.