Chicago Partners Investment Group LLC grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 12.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,407 shares of the software company’s stock after acquiring an additional 157 shares during the period. Chicago Partners Investment Group LLC’s holdings in Autodesk were worth $349,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Pinnacle Bank raised its stake in shares of Autodesk by 49.5% during the third quarter. Pinnacle Bank now owns 136 shares of the software company’s stock valued at $31,000 after acquiring an additional 45 shares during the last quarter. CX Institutional grew its holdings in Autodesk by 233.3% in the second quarter. CX Institutional now owns 160 shares of the software company’s stock worth $38,000 after purchasing an additional 112 shares during the period. CFM Wealth Partners LLC grew its holdings in Autodesk by 45.2% in the second quarter. CFM Wealth Partners LLC now owns 196 shares of the software company’s stock worth $46,000 after purchasing an additional 61 shares during the period. Prospera Financial Services Inc acquired a new stake in Autodesk in the third quarter worth $52,000. Finally, Tarbox Family Office Inc. grew its holdings in shares of Autodesk by 21.9% during the third quarter. Tarbox Family Office Inc. now owns 256 shares of the software company’s stock valued at $59,000 after buying an additional 46 shares during the last quarter. 90.62% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Mary T. Mcdowell sold 8,236 shares of Autodesk stock in a transaction on Friday, August 28th. The stock was sold at an average price of $245.64, for a total transaction of $2,023,091.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lorrie M. Norrington sold 2,475 shares of Autodesk stock in a transaction on Monday, September 21st. The stock was sold at an average price of $220.80, for a total value of $546,480.00. The disclosure for this sale can be found here. Insiders have sold 11,342 shares of company stock valued at $2,714,897 over the last ninety days. 0.14% of the stock is owned by insiders.
A number of research analysts recently weighed in on the stock. KeyCorp raised their price target on shares of Autodesk from $260.00 to $270.00 and gave the company an “overweight” rating in a research report on Wednesday, August 26th. Stifel Nicolaus lifted their target price on shares of Autodesk from $245.00 to $262.00 and gave the stock a “buy” rating in a research note on Wednesday, August 19th. BidaskClub upgraded shares of Autodesk from a “hold” rating to a “buy” rating in a research note on Wednesday, October 21st. TheStreet cut shares of Autodesk from a “b” rating to a “c+” rating in a research note on Friday, October 9th. Finally, Credit Suisse Group boosted their price objective on shares of Autodesk from $240.00 to $265.00 and gave the company an “outperform” rating in a research note on Wednesday, August 26th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and sixteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $242.86.
NASDAQ ADSK opened at $251.00 on Monday. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 24.31. The company has a fifty day moving average of $243.16 and a two-hundred day moving average of $229.63. The firm has a market capitalization of $53.88 billion, a price-to-earnings ratio of 153.99, a PEG ratio of 3.02 and a beta of 1.42. Autodesk, Inc. has a 52 week low of $125.38 and a 52 week high of $276.68.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, August 25th. The software company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.90 by $0.08. The company had revenue of $913.10 million during the quarter, compared to analyst estimates of $901.76 million. Autodesk had a net margin of 10.26% and a negative return on equity of 457.10%. Autodesk’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.65 earnings per share. Equities research analysts anticipate that Autodesk, Inc. will post 2.33 EPS for the current year.
Autodesk Company Profile
Autodesk, Inc operates as a software design and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.
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