Vestor Capital LLC Has $224,000 Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Vestor Capital LLC lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 41.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 812 shares of the software company’s stock after acquiring an additional 237 shares during the quarter. Vestor Capital LLC’s holdings in Autodesk were worth $224,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New Covenant Trust Company N.A. bought a new stake in shares of Autodesk during the first quarter worth about $25,000. LRI Investments LLC bought a new stake in Autodesk during the 1st quarter worth approximately $26,000. Livelsberger Financial Advisory bought a new stake in Autodesk during the 3rd quarter worth approximately $27,000. Concord Wealth Partners acquired a new position in Autodesk in the 3rd quarter valued at approximately $28,000. Finally, Olistico Wealth LLC bought a new position in shares of Autodesk during the second quarter valued at $26,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK stock opened at $286.84 on Monday. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $294.13. The firm has a market capitalization of $61.67 billion, a PE ratio of 58.60, a price-to-earnings-growth ratio of 3.60 and a beta of 1.47. The firm has a fifty day simple moving average of $271.79 and a two-hundred day simple moving average of $245.57. 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 earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping 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 company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the previous year, the firm posted $1.12 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. Analysts forecast that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total transaction of $136,499.00. Following the transaction, the director now directly owns 31,899 shares in the company, valued at approximately $7,916,693.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $248.18, for a total transaction of $136,499.00. Following the transaction, the director now directly owns 31,899 shares of the company’s stock, valued at $7,916,693.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Steven M. Blum sold 17,344 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief operating officer now directly 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. Over the last 90 days, insiders sold 19,280 shares of company stock worth $5,200,929. 0.14% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on ADSK. Stifel Nicolaus increased their price objective on Autodesk from $290.00 to $320.00 and gave the company a “buy” rating in a report on Friday, August 30th. Berenberg Bank raised their price objective on Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Oppenheimer upped their target price on Autodesk from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Piper Sandler boosted their price target 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. Finally, Morgan Stanley reiterated an “overweight” rating and set a $320.00 price objective on shares of Autodesk in a research report on Monday, September 30th. Eight analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $292.95.

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.