Captrust Financial Advisors Purchases 2,810 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Captrust Financial Advisors lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 215,927 shares of the software company’s stock after purchasing an additional 2,810 shares during the period. Captrust Financial Advisors’ holdings in Autodesk were worth $59,483,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the company. Marshall Financial Group LLC increased its position in Autodesk by 0.8% during the third quarter. Marshall Financial Group LLC now owns 4,491 shares of the software company’s stock worth $1,237,000 after buying an additional 35 shares during the last quarter. Avitas Wealth Management LLC boosted its stake in shares of Autodesk by 0.8% during the 3rd quarter. Avitas Wealth Management LLC now owns 5,577 shares of the software company’s stock worth $1,536,000 after acquiring an additional 42 shares during the period. Mesirow Financial Investment Management Inc. increased its holdings in shares of Autodesk by 1.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,875 shares of the software company’s stock worth $959,000 after acquiring an additional 44 shares during the last quarter. Meeder Asset Management Inc. raised its stake in Autodesk by 28.9% in the 3rd quarter. Meeder Asset Management Inc. now owns 196 shares of the software company’s stock valued at $54,000 after acquiring an additional 44 shares during the period. Finally, Johnson Investment Counsel Inc. lifted its holdings in Autodesk by 5.1% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 920 shares of the software company’s stock valued at $228,000 after purchasing an additional 45 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ADSK shares. Wells Fargo & Company increased their price objective on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Robert W. Baird raised their price objective on shares of Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Mizuho boosted their price objective on Autodesk from $260.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday. Berenberg Bank increased their target price on Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Finally, Stifel Nicolaus boosted their price target on Autodesk from $320.00 to $340.00 and gave the company a “buy” rating in a research note on Friday, November 15th. Nine research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $315.10.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $265.50, for a total transaction of $146,025.00. Following the sale, the director now owns 31,349 shares in the company, valued at $8,323,159.50. The trade was a 1.72 % decrease in their position. The sale 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 stock in a transaction dated 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 owns 4,879 shares of the company’s stock, valued at $1,340,944.36. This represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,936 shares of company stock worth $549,333. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

Autodesk stock opened at $291.90 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a market cap of $62.76 billion, a PE ratio of 57.92, a P/E/G ratio of 3.71 and a beta of 1.47. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The business’s 50-day moving average price is $289.93 and its two-hundred day moving average price is $257.59.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.05. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 EPS. As a group, analysts expect that Autodesk, Inc. will post 5.74 earnings per share for the current fiscal year.

Autodesk 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.