Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Wisconsin Capital Management LLC

Wisconsin Capital Management LLC trimmed its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,831 shares of the software company’s stock after selling 546 shares during the quarter. Autodesk accounts for 2.3% of Wisconsin Capital Management LLC’s holdings, making the stock its 20th largest holding. Wisconsin Capital Management LLC’s holdings in Autodesk were worth $4,361,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the stock. New Covenant Trust Company N.A. purchased a new position in Autodesk in the first quarter worth approximately $25,000. LRI Investments LLC acquired a new position in shares of Autodesk during the first quarter worth $26,000. Livelsberger Financial Advisory acquired a new position in shares of Autodesk during the third quarter worth $27,000. Concord Wealth Partners purchased a new position in Autodesk in the third quarter valued at $28,000. Finally, Olistico Wealth LLC acquired a new stake in Autodesk in the second quarter valued at $26,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 1.4 %

Autodesk stock opened at $291.79 on Wednesday. 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 firm’s 50-day moving average is $273.11 and its 200-day moving average is $246.64. The company has a market cap of $62.73 billion, a P/E ratio of 59.67, a PEG ratio of 3.64 and a beta of 1.47. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $294.13.

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

Insider Activity at Autodesk

In related news, CAO Stephen W. Hope sold 286 shares of the business’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 transaction of $78,604.24. Following the sale, the chief accounting officer now owns 4,879 shares of the company’s stock, valued at $1,340,944.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the transaction, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at $1,340,944.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Steven M. Blum sold 17,344 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were 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. Insiders have sold a total of 19,280 shares of company stock worth $5,200,929 over the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ADSK shares. Piper Sandler increased their price objective on Autodesk from $239.00 to $257.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Stifel Nicolaus raised their price objective on shares of Autodesk from $290.00 to $320.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Berenberg Bank boosted their price objective on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Royal Bank of Canada lifted their target price on shares of Autodesk from $290.00 to $313.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, Citigroup set a $325.00 price target on Autodesk and gave the stock a “buy” rating in a report on Friday, October 18th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.