Empower Advisory Group LLC Sells 69 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Empower Advisory Group LLC lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 0.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,631 shares of the software company’s stock after selling 69 shares during the period. Empower Advisory Group LLC’s holdings in Autodesk were worth $2,378,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. New Covenant Trust Company N.A. bought a new position in Autodesk during the 1st quarter worth $25,000. LRI Investments LLC bought a new position in Autodesk during the 1st quarter worth $26,000. Olistico Wealth LLC bought a new position in Autodesk during the 2nd quarter worth $26,000. Pacifica Partners Inc. increased its position in Autodesk by 83.3% during the 2nd quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock worth $27,000 after buying an additional 50 shares during the period. Finally, Livelsberger Financial Advisory bought a new position in Autodesk during the 3rd quarter worth $27,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK opened at $313.14 on Thursday. The company has a market capitalization of $67.33 billion, a price-to-earnings ratio of 64.04, a price-to-earnings-growth ratio of 3.93 and a beta of 1.47. The business has a 50-day moving average of $278.10 and a 200-day moving average of $249.83. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $315.73.

Autodesk (NASDAQ:ADSK) last issued its 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 during the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 earnings per share. As a group, equities research analysts anticipate that Autodesk, Inc. will post 5.73 earnings per share for the current year.

Insider Activity

In other news, COO Steven M. Blum sold 17,344 shares of the business’s stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction 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 $4,616,730. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Autodesk news, COO Steven M. Blum sold 17,344 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the sale, the chief operating officer now directly owns 17,099 shares in the company, valued at $4,616,730. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the sale, the director now owns 31,349 shares in the company, valued at approximately $8,323,159.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 18,730 shares of company stock worth $5,064,430 over the last quarter. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

ADSK has been the topic of several recent research reports. KeyCorp reiterated an “overweight” rating and set a $305.00 price objective on shares of Autodesk in a research report on Monday, August 26th. Piper Sandler increased their target price on Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Royal Bank of Canada increased their target price on Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Rosenblatt Securities increased their target price on Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Finally, Morgan Stanley reissued an “overweight” rating and set a $320.00 target price on shares of Autodesk in a report on Monday, September 30th. Eight investment 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 stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $292.95.

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.