Autodesk, Inc. (NASDAQ:ADSK) Stake Raised by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,784 shares of the software company’s stock after acquiring an additional 78 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Autodesk were worth $767,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. GFG Capital LLC purchased a new position in Autodesk during the third quarter valued at approximately $2,550,000. Carolina Wealth Advisors LLC purchased a new position in shares of Autodesk during the 3rd quarter valued at $61,000. Livelsberger Financial Advisory purchased a new stake in shares of Autodesk during the third quarter worth $27,000. Crew Capital Management Ltd. purchased a new stake in shares of Autodesk during the third quarter worth $989,000. Finally, Prio Wealth Limited Partnership boosted its position in Autodesk by 1.3% during the third quarter. Prio Wealth Limited Partnership now owns 53,352 shares of the software company’s stock valued at $14,697,000 after purchasing an additional 672 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Activity

In related news, COO Steven M. Blum sold 17,344 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at $4,616,730. This trade represents 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 through this hyperlink. In related news, CAO Stephen W. Hope sold 286 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $274.84, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of the 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 transaction, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at $4,616,730. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,280 shares of company stock worth $5,200,929. Company insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets raised their price target on Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a research note on Friday, August 30th. Hsbc Global Res upgraded shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, September 3rd. Royal Bank of Canada increased their price target on shares of Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Mizuho set a $260.00 price objective on shares of Autodesk in a research note on Friday, October 18th. Finally, Wells Fargo & Company started coverage on shares of Autodesk in a research report on Wednesday, October 16th. They set an “overweight” rating and a $340.00 target price on the stock. 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 stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $292.95.

Autodesk Stock Performance

NASDAQ ADSK opened at $285.77 on Friday. The company’s fifty day moving average is $266.78 and its two-hundred day moving average is $242.99. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $294.13. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The firm has a market capitalization of $61.59 billion, a price-to-earnings ratio of 61.85, a P/E/G ratio of 3.52 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share 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 firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the business earned $1.12 earnings per share. Equities research analysts forecast that Autodesk, Inc. will post 5.73 EPS for the current year.

Autodesk Company 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.