Chicago Partners Investment Group LLC Makes New $284,000 Investment in Autodesk, Inc. (NASDAQ:ADSK)

Chicago Partners Investment Group LLC bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the third quarter, HoldingsChannel reports. The firm bought 992 shares of the software company’s stock, valued at approximately $284,000.

A number of other institutional investors have also recently modified their holdings of the business. FORA Capital LLC acquired a new stake in Autodesk in the first quarter valued at $384,000. Whittier Trust Co. increased its holdings in shares of Autodesk by 23.9% in the 1st quarter. Whittier Trust Co. now owns 2,186 shares of the software company’s stock valued at $569,000 after purchasing an additional 422 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Autodesk by 11.9% in the first quarter. Geneos Wealth Management Inc. now owns 2,758 shares of the software company’s stock valued at $718,000 after purchasing an additional 293 shares during the period. Grandfield & Dodd LLC lifted its stake in shares of Autodesk by 0.3% in the first quarter. Grandfield & Dodd LLC now owns 139,362 shares of the software company’s stock valued at $36,293,000 after purchasing an additional 419 shares during the period. Finally, Advisory Alpha LLC boosted its holdings in Autodesk by 33.4% during the first quarter. Advisory Alpha LLC now owns 1,545 shares of the software company’s stock worth $402,000 after buying an additional 387 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ADSK shares. Bank of America lifted their price target on shares of Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Royal Bank of Canada boosted their target price on Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Hsbc Global Res upgraded Autodesk to a “strong-buy” rating in a research report on Tuesday, September 3rd. Morgan Stanley reiterated an “overweight” rating and issued a $320.00 price objective on shares of Autodesk in a research report on Monday, September 30th. Finally, KeyCorp restated an “overweight” rating and set a $305.00 target price on shares of Autodesk in a report on Monday, August 26th. Eight research 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 MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $292.95.

Insider Activity at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total value of $156,920.50. Following the transaction, the director now owns 30,799 shares in the company, valued at $8,787,262.69. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Autodesk news, CAO Stephen W. Hope sold 286 shares of the company’s 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 completion of the sale, the chief accounting officer now directly owns 4,879 shares in the company, valued at $1,340,944.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total value of $156,920.50. Following the completion of the transaction, the director now directly owns 30,799 shares in the company, valued at $8,787,262.69. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,280 shares of company stock worth $5,200,929. 0.14% of the stock is owned by company insiders.

Autodesk Price Performance

ADSK stock opened at $291.79 on Wednesday. The stock has a market capitalization of $62.73 billion, a price-to-earnings ratio of 59.67, a price-to-earnings-growth ratio of 3.64 and a beta of 1.47. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $294.13. The stock’s fifty day simple moving average is $273.11 and its 200-day simple moving average is $246.64.

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

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.