Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Atomi Financial Group Inc.

Atomi Financial Group Inc. lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 95.6% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,077 shares of the software company’s stock after acquiring an additional 1,015 shares during the quarter. Atomi Financial Group Inc.’s holdings in Autodesk were worth $572,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Aprio Wealth Management LLC increased its holdings in shares of Autodesk by 8.8% in the third quarter. Aprio Wealth Management LLC now owns 998 shares of the software company’s stock valued at $275,000 after buying an additional 81 shares in the last quarter. Miracle Mile Advisors LLC acquired a new position in shares of Autodesk in the 3rd quarter worth $749,000. GAMMA Investing LLC raised its position in shares of Autodesk by 26.8% during the third quarter. GAMMA Investing LLC now owns 4,653 shares of the software company’s stock worth $1,282,000 after purchasing an additional 984 shares during the period. LifePlan Financial LLC lifted its holdings in shares of Autodesk by 9.9% during the third quarter. LifePlan Financial LLC now owns 3,618 shares of the software company’s stock valued at $997,000 after purchasing an additional 325 shares during the last quarter. Finally, Canandaigua National Bank & Trust Co. boosted its position in shares of Autodesk by 2.8% in the 3rd quarter. Canandaigua National Bank & Trust Co. now owns 4,356 shares of the software company’s stock valued at $1,200,000 after purchasing an additional 120 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Royal Bank of Canada upped their price objective on shares of Autodesk from $290.00 to $313.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. DA Davidson started coverage on shares of Autodesk in a research note on Friday, September 27th. They issued a “neutral” rating and a $260.00 price objective for the company. Barclays boosted their target price on shares of Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Piper Sandler raised their target price on Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Finally, Stifel Nicolaus lifted their price target on Autodesk from $290.00 to $320.00 and gave the company a “buy” rating in a report on Friday, August 30th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $290.47.

Autodesk Price Performance

NASDAQ ADSK opened at $277.71 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $59.85 billion, a PE ratio of 60.11, a price-to-earnings-growth ratio of 3.41 and a beta of 1.48. Autodesk, Inc. has a 12-month low of $192.01 and a 12-month high of $279.53. The company has a 50 day moving average price of $256.93 and a two-hundred day moving average price of $240.75.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.15. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. Autodesk’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.12 EPS. As a group, equities analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Insider Transactions at Autodesk

In related news, COO Steven M. Blum sold 17,344 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the sale, the chief operating officer now directly owns 17,099 shares in the company, valued at approximately $4,616,730. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $248.18, for a total value of $136,499.00. Following the sale, the director now directly owns 31,899 shares of the company’s stock, valued at approximately $7,916,693.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of the business’s stock in a transaction dated Friday, August 30th. The stock was 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 of the company’s stock, valued at $4,616,730. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,280 shares of company stock worth $5,183,340. 0.14% of the stock is owned by corporate insiders.

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.