Moloney Securities Asset Management LLC Purchases 2,400 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Moloney Securities Asset Management LLC increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 247.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,368 shares of the software company’s stock after purchasing an additional 2,400 shares during the period. Moloney Securities Asset Management LLC’s holdings in Autodesk were worth $833,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. VisionPoint Advisory Group LLC lifted its stake in shares of Autodesk by 21.5% during the 4th quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock worth $58,000 after acquiring an additional 42 shares during the last quarter. Beacon Financial Group lifted its holdings in Autodesk by 4.1% during the 4th quarter. Beacon Financial Group now owns 1,248 shares of the software company’s stock valued at $304,000 after buying an additional 49 shares in the last quarter. First Affirmative Financial Network boosted its position in Autodesk by 2.8% in the 1st quarter. First Affirmative Financial Network now owns 1,802 shares of the software company’s stock valued at $469,000 after buying an additional 49 shares during the period. InTrack Investment Management Inc grew its stake in Autodesk by 2.3% in the 2nd quarter. InTrack Investment Management Inc now owns 2,189 shares of the software company’s stock worth $542,000 after acquiring an additional 49 shares in the last quarter. Finally, Pacifica Partners Inc. increased 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 acquiring an additional 50 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Performance

Shares of ADSK stock opened at $258.40 on Friday. Autodesk, Inc. has a 12-month low of $192.01 and a 12-month high of $279.53. The business’s fifty day simple moving average is $245.65 and its 200-day simple moving average is $239.40. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.06. The company has a market cap of $55.69 billion, a PE ratio of 55.93, a PEG ratio of 3.23 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.00 by $0.15. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a return on equity of 65.46% and a net margin of 17.66%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.12 EPS. Analysts expect that Autodesk, Inc. will post 5.55 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In other Autodesk news, COO Steven M. Blum sold 17,413 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the transaction, the chief operating officer now owns 54,136 shares in the company, valued at approximately $12,256,390.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Autodesk news, COO Steven M. Blum sold 17,413 shares of Autodesk stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the completion of the sale, the chief operating officer now owns 54,136 shares of the company’s stock, valued at approximately $12,256,390.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Mary T. Mcdowell sold 1,100 shares of the stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.21, for a total value of $248,831.00. Following the completion of the transaction, the director now directly owns 32,116 shares in the company, valued at $7,264,960.36. The disclosure for this sale can be found here. Insiders sold 39,931 shares of company stock valued at $9,537,781 in the last three months. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Bank of America increased their price objective on Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a research note on Friday. Barclays raised their price target on Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday. Morgan Stanley lifted their price objective on Autodesk from $305.00 to $320.00 and gave the company an “overweight” rating in a report on Friday. Robert W. Baird dropped their target price on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a report on Wednesday, May 29th. Finally, BMO Capital Markets raised their target price on shares of Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a research report on Friday. One analyst has rated the stock with a sell rating, seven have given a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and an average target price of $283.33.

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.