1 week Ago By ABMN Staff
Parkside Financial Bank & Trust boosted its stake in Autodesk, Inc. ( NASDAQ:ADSK – Free Report ) by 10.6% in the second quarter, HoldingsChannel.
com reports. The institutional investor owned 534 shares of the software company’s stock after acquiring an additional 51 shares during the quarter. Parkside Financial Bank & Trust’s holdings in Autodesk were worth $132,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of ADSK. Ables Iannone Moore & Associates Inc. bought a new position in shares of Autodesk in the fourth quarter valued at approximately $25,000.
Concord Wealth Partners acquired a new stake in Autodesk in the first quarter worth approximately $25,000. New Covenant Trust Company N.A.
bought a new position in Autodesk during the 1st quarter valued at $25,000. LRI Investments LLC acquired a new position in shares of Autodesk during the 1st quarter valued at $26,000. Finally, Olistico Wealth LLC bought a new stake in shares of Autodesk in the 2nd quarter worth $26,000.
Institutional investors and hedge funds own 90.24% of the company’s stock. Analyst Upgrades and Downgrades A number of research firms recently issued reports on ADSK.
Citigroup lifted their target price on Autodesk from $316.00 to $325.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd.
Rosenblatt Securities lifted their price objective on shares of Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a research note on Friday, August 30th.
Robert W. Baird cut their target price on shares of Autodesk from $296.00 to $289.
00 and set an “outperform” rating for the company in a research note on Wednesday, May 29th. Royal Bank of Canada lifted their price target on shares of Autodesk from $290.00 to $313.
00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Finally, Bank of America increased their price objective on Autodesk from $260.00 to $285.
00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.
com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $292.17. Autodesk Trading Down 0.
6 % Shares of NASDAQ ADSK opened at $250.37 on Friday. The company has a current ratio of 0.
69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.06.
Autodesk, Inc. has a one year low of $192.01 and a one year high of $279.
53. The business has a 50-day moving average price of $247.13 and a two-hundred day moving average price of $239.
10. The firm has a market capitalization of $53.96 billion, a PE ratio of 54.
19, a PEG ratio of 3.45 and a beta of 1.48.
Autodesk ( NASDAQ:ADSK – Get Free Report ) last posted its quarterly 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. The business had revenue of $1.
51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a net margin of 18.
21% and a return on equity of 64.61%. The firm’s quarterly revenue was up 11.
9% compared to the same quarter last year. During the same period last year, the company posted $1.12 earnings per share.
As a group, analysts predict that Autodesk, Inc. will post 5.55 earnings per share for the current fiscal year.
Insider Activity In related news, COO Steven M. Blum sold 17,344 shares of the 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 completion of the sale, the chief operating officer now directly owns 17,099 shares in the company, valued at $4,616,730.
The sale was disclosed in a filing with the SEC, which is available through this hyperlink . In other Autodesk news, 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 value of $4,682,880.00.
Following the transaction, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at approximately $4,616,730. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website . Also, COO Steven M.
Blum sold 17,413 shares of Autodesk stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.40, for a total value of $3,942,303.
20. Following the sale, the chief operating officer now owns 54,136 shares of the company’s stock, valued at $12,256,390.40.
The disclosure for this sale can be found here . Insiders have sold a total of 57,275 shares of company stock worth $14,220,661 in the last ninety days. Corporate insiders own 0.
14% of the company’s stock. Autodesk Company Profile ( Free Report ) 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.
Read More Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. ( NASDAQ:ADSK – Free Report ).
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