Mainsail Financial Group LLC Acquires 197 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Mainsail Financial Group LLC grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 3.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 5,231 shares of the software company’s stock after purchasing an additional 197 shares during the period. Autodesk makes up about 0.9% of Mainsail Financial Group LLC’s portfolio, making the stock its 28th biggest position. Mainsail Financial Group LLC’s holdings in Autodesk were worth $1,448,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. New Covenant Trust Company N.A. bought a new position in shares of Autodesk in the 1st quarter valued at $25,000. Concord Wealth Partners acquired a new position in Autodesk in the 1st quarter worth about $25,000. LRI Investments LLC acquired a new position in Autodesk in the 1st quarter worth about $26,000. Livelsberger Financial Advisory acquired a new position in Autodesk in the 3rd quarter worth about $27,000. Finally, Olistico Wealth LLC acquired a new position in Autodesk in the 2nd quarter worth about $26,000. 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 the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $248.18, for a total value of $136,499.00. Following the completion of the sale, the director now owns 31,899 shares of the company’s stock, valued at $7,916,693.82. 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 at this hyperlink. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $248.18, for a total value of $136,499.00. Following the completion of the sale, the director now directly owns 31,899 shares in the company, valued at $7,916,693.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Stephen W. Hope sold 286 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The shares were 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 owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,280 shares of company stock valued at $5,200,929. Insiders own 0.14% of the company’s stock.

Autodesk Trading Down 0.4 %

Shares of ADSK stock opened at $288.48 on Wednesday. The stock has a fifty day simple moving average of $265.98 and a two-hundred day simple moving average of $242.68. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $294.13. The firm has a market capitalization of $62.17 billion, a PE ratio of 62.44, a PEG ratio of 3.52 and a beta of 1.48. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm earned $1.12 EPS. The business’s revenue was up 11.9% on a year-over-year basis. On average, analysts predict that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on ADSK shares. Morgan Stanley reaffirmed an “overweight” rating and issued a $320.00 target price on shares of Autodesk in a report on Monday, September 30th. Rosenblatt Securities increased their price target on Autodesk from $290.00 to $295.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Stifel Nicolaus increased their price target on Autodesk from $290.00 to $320.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Citigroup set a $325.00 price target on Autodesk and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company started coverage on Autodesk in a research report on Wednesday, October 16th. They set an “overweight” rating and a $340.00 target price on the stock. Eight research 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price 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.