Pursue Wealth Partners LLC Increases Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Pursue Wealth Partners LLC grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 70.0% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,958 shares of the software company’s stock after buying an additional 806 shares during the quarter. Pursue Wealth Partners LLC’s holdings in Autodesk were worth $539,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Principal Securities Inc. boosted its holdings in Autodesk by 4.2% in the third quarter. Principal Securities Inc. now owns 13,034 shares of the software company’s stock valued at $3,591,000 after acquiring an additional 527 shares in the last quarter. Stephens Inc. AR increased its position in shares of Autodesk by 1.7% during the third quarter. Stephens Inc. AR now owns 11,079 shares of the software company’s stock valued at $3,052,000 after buying an additional 180 shares during the period. Stephens Investment Management Group LLC lifted its holdings in Autodesk by 8.2% in the third quarter. Stephens Investment Management Group LLC now owns 41,859 shares of the software company’s stock worth $11,531,000 after buying an additional 3,173 shares during the period. US Bancorp DE lifted its stake in shares of Autodesk by 1.2% in the 3rd quarter. US Bancorp DE now owns 48,492 shares of the software company’s stock valued at $13,359,000 after purchasing an additional 596 shares during the period. Finally, Catalyst Financial Partners LLC bought a new position in Autodesk during the 3rd quarter valued at approximately $211,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. KeyCorp restated an “overweight” rating and issued a $305.00 price objective on shares of Autodesk in a report on Monday, August 26th. Hsbc Global Res raised Autodesk to a “strong-buy” rating in a research report on Tuesday, September 3rd. Oppenheimer upped their target price on shares of Autodesk from $275.00 to $300.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Berenberg Bank raised their target price on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Finally, Royal Bank of Canada lifted their price objective on Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $292.95.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total value of $156,920.50. Following the sale, the director now directly owns 30,799 shares in the company, valued at approximately $8,787,262.69. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Mary T. Mcdowell sold 550 shares of the 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 $8,787,262.69. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction on Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the sale, the chief operating officer now owns 17,099 shares of the company’s stock, valued at $4,616,730. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,280 shares of company stock worth $5,200,929 over the last quarter. Insiders own 0.14% of the company’s stock.

Autodesk Price Performance

Autodesk stock opened at $283.77 on Friday. The firm has a market capitalization of $61.01 billion, a PE ratio of 58.04, a price-to-earnings-growth ratio of 3.67 and a beta of 1.48. Autodesk, Inc. has a 12-month low of $192.01 and a 12-month high of $294.13. The firm has a 50-day moving average price of $271.16 and a 200-day moving average price of $244.84. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80.

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