Signaturefd LLC Raises Stake in Autodesk, Inc. (NASDAQ:ADSK)

Signaturefd LLC boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 2,805 shares of the software company’s stock after purchasing an additional 55 shares during the period. Signaturefd LLC’s holdings in Autodesk were worth $694,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of ADSK. VisionPoint Advisory Group LLC boosted its holdings in shares of Autodesk by 21.5% in the fourth quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock valued at $58,000 after acquiring an additional 42 shares in the last quarter. Beacon Financial Group boosted its holdings in shares of Autodesk by 4.1% in the fourth quarter. Beacon Financial Group now owns 1,248 shares of the software company’s stock valued at $304,000 after acquiring an additional 49 shares in the last quarter. First Affirmative Financial Network boosted its holdings in shares of Autodesk by 2.8% in the first quarter. First Affirmative Financial Network now owns 1,802 shares of the software company’s stock valued at $469,000 after acquiring an additional 49 shares in the last quarter. InTrack Investment Management Inc boosted its holdings in shares of Autodesk by 2.3% in the second quarter. InTrack Investment Management Inc now owns 2,189 shares of the software company’s stock valued at $542,000 after acquiring an additional 49 shares in the last quarter. Finally, Pacifica Partners Inc. boosted its holdings in shares of 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 acquiring an additional 50 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. Robert W. Baird decreased their price objective 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. BMO Capital Markets boosted their price objective on shares of Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a report on Friday. Mizuho boosted their price objective on shares of Autodesk from $230.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday. Oppenheimer boosted their price objective on shares of Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday. Finally, Rosenblatt Securities boosted their price objective on shares of Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $283.33.

Autodesk Stock Performance

NASDAQ:ADSK opened at $258.40 on Friday. The firm has a 50 day simple moving average of $245.65 and a 200-day simple moving average of $239.40. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a market cap of $55.69 billion, a PE ratio of 55.93, a P/E/G ratio of 3.23 and a beta of 1.48. Autodesk, Inc. has a 1-year low of $192.01 and a 1-year high of $279.53.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the previous year, the business posted $1.12 earnings per share. The company’s revenue was up 11.9% on a year-over-year basis. On average, equities analysts expect that Autodesk, Inc. will post 5.55 EPS for the current year.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.21, for a total transaction of $248,831.00. Following the completion of the sale, the director now directly owns 32,116 shares in the company, valued at $7,264,960.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other Autodesk news, Director Mary T. Mcdowell sold 1,100 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.21, for a total transaction of $248,831.00. Following the completion of the sale, the director now directly owns 32,116 shares in the company, valued at $7,264,960.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Steven M. Blum sold 17,413 shares of the business’s stock in a transaction that occurred on 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 sale, the chief operating officer now owns 54,136 shares of the company’s stock, valued at $12,256,390.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,931 shares of company stock valued at $9,537,781. Insiders own 0.14% of the company’s stock.

Autodesk 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.