Ashton Thomas Securities LLC Purchases 395 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Ashton Thomas Securities LLC raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 11.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,822 shares of the software company’s stock after acquiring an additional 395 shares during the period. Ashton Thomas Securities LLC’s holdings in Autodesk were worth $1,053,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. New Covenant Trust Company N.A. acquired a new position in shares of Autodesk during the first quarter valued at about $25,000. LRI Investments LLC acquired a new position in shares of Autodesk during the first quarter valued at about $26,000. Olistico Wealth LLC acquired a new position in shares of Autodesk during the second quarter valued at about $26,000. Pacifica Partners Inc. raised its position in shares of Autodesk by 83.3% during the second quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock valued at $27,000 after buying an additional 50 shares during the last quarter. Finally, Livelsberger Financial Advisory acquired a new position in shares of Autodesk during the third quarter valued at about $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ADSK shares. Morgan Stanley reaffirmed an “overweight” rating and set a $320.00 price objective on shares of Autodesk in a research report on Monday, September 30th. DA Davidson started coverage on shares of Autodesk in a research report on Friday, September 27th. They issued a “neutral” rating and a $260.00 price target for the company. Oppenheimer increased their price target on shares of Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Berenberg Bank increased their price target on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Finally, Stifel Nicolaus increased their price target on shares of Autodesk from $290.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $292.95.

Autodesk Trading Up 0.0 %

Shares of ADSK opened at $305.56 on Monday. The stock’s fifty day simple moving average is $275.95 and its 200-day simple moving average is $248.26. The firm has a market capitalization of $65.70 billion, a PE ratio of 62.49, a price-to-earnings-growth ratio of 3.84 and a beta of 1.47. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $307.17. 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 (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating 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 analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the company earned $1.12 EPS. The firm’s quarterly revenue was up 11.9% on a year-over-year basis. As a group, research analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current year.

Insider Activity at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the 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 transaction, the director now directly owns 31,899 shares of the company’s stock, valued at $7,916,693.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $270.00, for a total value of $4,682,880.00. Following 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 legal filing with the SEC, which is available through this link. Also, 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 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 19,280 shares of company stock worth $5,200,929. Insiders own 0.14% of the company’s stock.

About Autodesk

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.