Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by STF Management LP

STF Management LP lowered its stake in Autodesk, Inc. (NASDAQ:ADSK) by 7.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,156 shares of the software company’s stock after selling 255 shares during the period. STF Management LP’s holdings in Autodesk were worth $869,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of ADSK. New Covenant Trust Company N.A. purchased a new stake in shares of Autodesk in the first quarter valued at approximately $25,000. LRI Investments LLC purchased a new stake in shares of Autodesk in the first quarter valued at $26,000. Olistico Wealth LLC purchased a new stake in shares of Autodesk in the second quarter valued at $26,000. Pacifica Partners Inc. increased its stake in Autodesk by 83.3% in the second quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock valued at $27,000 after purchasing an additional 50 shares during the last quarter. Finally, Livelsberger Financial Advisory acquired a new position in Autodesk in the third quarter valued at $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the sale, the director now directly owns 31,349 shares in the company, valued at $8,323,159.50. This trade represents a 1.72 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of the firm’s 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 completion of the sale, the chief operating officer now owns 17,099 shares in the company, valued at approximately $4,616,730. This represents a 50.36 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,280 shares of company stock worth $5,232,213. 0.14% of the stock is currently owned by company insiders.

Autodesk Trading Up 2.4 %

NASDAQ:ADSK opened at $315.22 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The business’s 50 day moving average is $285.29 and its two-hundred day moving average is $253.88. The company has a market cap of $67.77 billion, a PE ratio of 64.46, a P/E/G ratio of 3.90 and a beta of 1.47. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $317.45.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ADSK shares. Citigroup set a $325.00 price target on Autodesk and gave the stock a “buy” rating in a research note on Friday, October 18th. Oppenheimer upped their target price on Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. BMO Capital Markets upped their target price on Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a research report on Friday, August 30th. Royal Bank of Canada upped 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. Finally, Piper Sandler upped their target price on Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $302.38.

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.