BSW Wealth Partners Has $429,000 Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

BSW Wealth Partners lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 7.2% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,557 shares of the software company’s stock after buying an additional 105 shares during the quarter. BSW Wealth Partners’ holdings in Autodesk were worth $429,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Private Advisor Group LLC increased its holdings in Autodesk by 1.1% in the first quarter. Private Advisor Group LLC now owns 10,952 shares of the software company’s stock valued at $2,852,000 after purchasing an additional 120 shares during the period. Choreo LLC boosted its stake in Autodesk by 83.4% during the 1st quarter. Choreo LLC now owns 1,564 shares of the software company’s stock valued at $407,000 after purchasing an additional 711 shares during the last quarter. BNP Paribas bought a new stake in Autodesk during the first quarter worth $38,000. FORA Capital LLC bought a new stake in Autodesk in the 1st quarter worth about $384,000. Finally, Whittier Trust Co. increased its position in shares of Autodesk by 23.9% during the first quarter. Whittier Trust Co. now owns 2,186 shares of the software company’s stock valued at $569,000 after acquiring an additional 422 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Stifel Nicolaus lifted their price objective on Autodesk from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Royal Bank of Canada raised their price objective on Autodesk from $290.00 to $313.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Wells Fargo & Company began coverage on shares of Autodesk in a report on Wednesday, October 16th. They set an “overweight” rating and a $340.00 price target for the company. Hsbc Global Res raised shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, DA Davidson assumed coverage on shares of Autodesk in a report on Friday, September 27th. They issued a “neutral” rating and a $260.00 price objective for the company. Eight equities 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.com, the company has a consensus rating of “Moderate Buy” and an average target price of $292.95.

Insider Activity

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

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $286.57 on Monday. The business’s 50 day moving average price is $271.79 and its two-hundred day moving average price is $245.57. Autodesk, Inc. has a twelve month low of $192.01 and a twelve month high of $294.13. The company has a market cap of $61.61 billion, a PE ratio of 58.60, a price-to-earnings-growth ratio of 3.60 and a beta of 1.47. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80.

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. On average, analysts predict that Autodesk, Inc. will post 5.73 EPS for the current year.

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.