744 Shares in Autodesk, Inc. (NASDAQ:ADSK) Bought by Goldstein Advisors LLC

Goldstein Advisors LLC purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 744 shares of the software company’s stock, valued at approximately $205,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Frank Rimerman Advisors LLC grew its position in shares of Autodesk by 27.0% in the 3rd quarter. Frank Rimerman Advisors LLC now owns 4,605 shares of the software company’s stock valued at $1,269,000 after buying an additional 979 shares during the last quarter. GHP Investment Advisors Inc. grew its position in shares of Autodesk by 234.9% in the 3rd quarter. GHP Investment Advisors Inc. now owns 288 shares of the software company’s stock valued at $79,000 after buying an additional 202 shares during the last quarter. First Bank & Trust grew its position in shares of Autodesk by 2.1% in the 3rd quarter. First Bank & Trust now owns 8,032 shares of the software company’s stock valued at $2,213,000 after buying an additional 162 shares during the last quarter. PFG Investments LLC grew its position in shares of Autodesk by 9.4% in the 3rd quarter. PFG Investments LLC now owns 1,925 shares of the software company’s stock valued at $530,000 after buying an additional 166 shares during the last quarter. Finally, Forsta AP Fonden lifted its stake in shares of Autodesk by 7.9% in the 3rd quarter. Forsta AP Fonden now owns 51,600 shares of the software company’s stock valued at $14,215,000 after purchasing an additional 3,800 shares during the period. Institutional investors own 90.24% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Stephen W. Hope sold 286 shares of the company’s 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CAO Stephen W. Hope sold 286 shares of the company’s 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 transaction, 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 transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total value of $156,920.50. Following the completion of the transaction, the director now directly owns 30,799 shares of the company’s stock, valued at approximately $8,787,262.69. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,280 shares of company stock valued at $5,200,929. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on ADSK shares. Hsbc Global Res raised Autodesk to a “strong-buy” rating in a research note on Tuesday, September 3rd. Barclays boosted their price objective on Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, August 30th. Wells Fargo & Company started coverage on Autodesk in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $340.00 price objective on the stock. DA Davidson started coverage on Autodesk in a research note on Friday, September 27th. They issued a “neutral” rating and a $260.00 price objective on the stock. Finally, Citigroup set a $325.00 price objective on Autodesk and gave the company a “buy” rating in a research note on Friday, October 18th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $292.95.

Autodesk Stock Performance

Shares of ADSK opened at $286.04 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a 50 day moving average price of $268.25 and a two-hundred day moving average price of $243.53. The firm has a market capitalization of $61.64 billion, a P/E ratio of 61.91, a P/E/G ratio of 3.52 and a beta of 1.48. Autodesk, Inc. has a 52 week low of $192.01 and a 52 week high of $294.13.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The company’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 EPS. Equities analysts forecast that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

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.