FCG Investment Co Takes $1.09 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

FCG Investment Co acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,945 shares of the software company’s stock, valued at approximately $1,087,000.

Other institutional investors have also modified their holdings of the company. Concord Wealth Partners acquired a new stake in shares of Autodesk in the first quarter valued at $25,000. New Covenant Trust Company N.A. acquired a new stake in shares of Autodesk in the first quarter valued at $25,000. LRI Investments LLC acquired a new stake in shares of Autodesk in the first quarter valued at $26,000. Olistico Wealth LLC acquired a new stake in shares of Autodesk in the second quarter valued at $26,000. Finally, 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 worth $27,000 after purchasing an additional 50 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In other news, COO Steven M. Blum sold 17,344 shares of the company’s stock in a transaction dated 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 approximately $4,616,730. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $265.50, for a total transaction of $146,025.00. Following the completion of the sale, the director now owns 31,349 shares in the company, valued at $8,323,159.50. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Steven M. Blum sold 17,344 shares of the 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 sale, the chief operating officer now owns 17,099 shares of the company’s stock, valued at approximately $4,616,730. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,280 shares of company stock worth $5,200,929. 0.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Hsbc Global Res raised Autodesk to a “strong-buy” rating in a research report on Tuesday, September 3rd. Bank of America boosted their target price on Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Mizuho set a $260.00 target price on Autodesk in a research report on Friday, October 18th. Citigroup set a $325.00 target price on Autodesk and gave the stock a “buy” rating in a research report on Friday, October 18th. Finally, DA Davidson assumed coverage on Autodesk in a research report on Friday, September 27th. They set a “neutral” rating and a $260.00 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 company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $292.95.

Autodesk Stock Performance

Shares of ADSK stock opened at $286.04 on Monday. 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 fifty-two week low of $192.01 and a fifty-two week high of $294.13. The stock’s 50-day moving average is $268.25 and its two-hundred day moving average is $243.56. The firm has a market cap of $61.64 billion, a P/E ratio of 61.91, a PEG ratio of 3.52 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.15. The company 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 was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 EPS. Analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

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.