STF Management LP Sells 152 Shares of Autodesk, Inc. (NASDAQ:ADSK)

STF Management LP lowered its stake in Autodesk, Inc. (NASDAQ:ADSK) by 4.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 3,411 shares of the software company’s stock after selling 152 shares during the quarter. STF Management LP’s holdings in Autodesk were worth $844,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Autodesk in the fourth quarter worth $25,000. Concord Wealth Partners bought a new stake in shares of Autodesk in the first quarter worth $25,000. New Covenant Trust Company N.A. bought a new stake in shares of Autodesk in the first quarter worth $25,000. LRI Investments LLC bought a new stake in shares of Autodesk in the first quarter worth $26,000. Finally, Olistico Wealth LLC bought a new stake in shares of Autodesk in the second quarter worth $26,000. Institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Piper Sandler boosted their price objective on shares of Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. BMO Capital Markets upped their price target on shares of Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a research report on Friday, August 30th. Stifel Nicolaus upped their price target on shares of Autodesk from $290.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Bank of America upped their price target on shares of Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Finally, Citigroup upped their price target on shares of Autodesk from $316.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $292.17.

Autodesk Price Performance

NASDAQ:ADSK opened at $267.73 on Tuesday. Autodesk, Inc. has a one year low of $192.01 and a one year high of $279.53. The company has a market cap of $57.70 billion, a P/E ratio of 57.95, a P/E/G ratio of 3.29 and a beta of 1.48. The firm’s fifty day moving average price is $248.76 and its two-hundred day moving average price is $239.16. 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 released its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. 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 company posted $1.12 earnings per share. Autodesk’s revenue was up 11.9% compared to the same quarter last year. Equities analysts expect that Autodesk, Inc. will post 5.73 earnings per share for the current year.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $265.50, for a total value of $146,025.00. Following the transaction, the director now directly owns 31,349 shares in the company, valued at $8,323,159.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $250.00, for a total transaction of $4,923,250.00. Following the sale, the chief operating officer now directly owns 34,443 shares in the company, valued at $8,610,750. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 38,762 shares of company stock worth $10,046,302. Corporate insiders own 0.14% of the company’s stock.

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.