Hennion & Walsh Asset Management Inc. Decreases Position in Autodesk, Inc. (NASDAQ:ADSK)

Hennion & Walsh Asset Management Inc. decreased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 20.7% in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,142 shares of the software company’s stock after selling 3,175 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Autodesk were worth $3,345,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of ADSK. Concord Wealth Partners bought a new stake in Autodesk in the first quarter worth $25,000. New Covenant Trust Company N.A. bought a new stake in shares of Autodesk in the 1st quarter worth about $25,000. LRI Investments LLC purchased a new position in shares of Autodesk during the 1st quarter worth about $26,000. Olistico Wealth LLC bought a new position in Autodesk during the 2nd quarter valued at about $26,000. Finally, Pacifica Partners Inc. raised its position in Autodesk by 83.3% in the 2nd quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock worth $27,000 after purchasing an additional 50 shares during the period. Institutional investors own 90.24% of the company’s stock.

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 directly owns 30,799 shares of the company’s stock, valued at approximately $8,787,262.69. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $285.31, for a total value of $156,920.50. Following the completion of the sale, the director now directly owns 30,799 shares in the company, valued at approximately $8,787,262.69. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was 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 in the company, valued at $1,340,944.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,280 shares of company stock valued at $5,200,929 over the last 90 days. Insiders own 0.14% of the company’s stock.

Autodesk Trading Down 0.2 %

ADSK opened at $285.77 on Friday. Autodesk, Inc. has a 12 month low of $192.01 and a 12 month high of $294.13. The stock has a fifty day moving average price of $266.78 and a 200-day moving average price of $242.99. The firm has a market cap of $61.59 billion, a price-to-earnings ratio of 61.85, a PEG ratio of 3.52 and a beta of 1.48. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80.

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. Mizuho set a $260.00 target price on Autodesk in a research report on Friday, October 18th. Morgan Stanley restated an “overweight” rating and set a $320.00 price objective on shares of Autodesk in a report on Monday, September 30th. Barclays increased their target price on Autodesk from $275.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. The Goldman Sachs Group raised shares of Autodesk from a “sell” rating to a “neutral” rating and boosted their target price for the company from $225.00 to $295.00 in a research note on Tuesday, September 3rd. Finally, Piper Sandler raised their price target on shares of Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and a consensus price target of $292.95.

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.