Marshall Financial Group LLC Buys 303 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Marshall Financial Group LLC increased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 7.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,214 shares of the software company’s stock after purchasing an additional 303 shares during the quarter. Marshall Financial Group LLC’s holdings in Autodesk were worth $1,097,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. increased its position in shares of Autodesk by 129.0% in the third quarter. Federated Hermes Inc. now owns 3,526 shares of the software company’s stock valued at $730,000 after acquiring an additional 1,986 shares during the period. AQR Capital Management LLC increased its position in shares of Autodesk by 10.7% in the third quarter. AQR Capital Management LLC now owns 248,245 shares of the software company’s stock valued at $51,364,000 after acquiring an additional 24,016 shares during the period. Truist Financial Corp increased its position in shares of Autodesk by 8.6% in the third quarter. Truist Financial Corp now owns 199,457 shares of the software company’s stock valued at $41,270,000 after acquiring an additional 15,747 shares during the period. Advisors Asset Management Inc. increased its position in shares of Autodesk by 3.6% in the third quarter. Advisors Asset Management Inc. now owns 9,648 shares of the software company’s stock valued at $1,996,000 after acquiring an additional 331 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of Autodesk by 14.2% in the third quarter. Ameriprise Financial Inc. now owns 2,364,179 shares of the software company’s stock valued at $489,178,000 after acquiring an additional 293,464 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 0.6 %

Shares of NASDAQ ADSK traded down $1.56 during midday trading on Thursday, hitting $246.30. The stock had a trading volume of 907,920 shares, compared to its average volume of 2,606,472. The business’s 50 day moving average is $222.93 and its 200-day moving average is $239.24. The company has a market cap of $53.08 billion, a P/E ratio of 53.31, a PEG ratio of 3.31 and a beta of 1.48. Autodesk, Inc. has a 52 week low of $192.01 and a 52 week high of $279.53. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.06.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, June 11th. The software company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.10. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The firm had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the company earned $1.55 earnings per share. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. As a group, analysts predict that Autodesk, Inc. will post 5.55 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on ADSK shares. Royal Bank of Canada reiterated an “outperform” rating and set a $260.00 price target on shares of Autodesk in a research report on Tuesday, June 18th. StockNews.com cut shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. Rosenblatt Securities reiterated a “buy” rating and set a $290.00 price target on shares of Autodesk in a research report on Wednesday, June 12th. Citigroup boosted their price target on shares of Autodesk from $286.00 to $295.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Finally, Oppenheimer reiterated an “outperform” rating and set a $275.00 price target on shares of Autodesk in a research report on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, Autodesk presently has a consensus rating of “Hold” and a consensus price target of $262.42.

Insider Activity

In other 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 transaction, the director now directly owns 32,116 shares of the company’s stock, valued at $7,264,960.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Autodesk news, Director Mary T. Mcdowell sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.21, for a total transaction of $248,831.00. Following the completion of the sale, the director now directly owns 32,116 shares of the company’s stock, valued at $7,264,960.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $235.00, for a total transaction of $129,250.00. Following the sale, the director now directly owns 31,566 shares of the company’s stock, valued at $7,418,010. The disclosure for this sale can be found here. Insiders sold 19,138 shares of company stock valued at $4,338,701 over the last three months. Insiders own 0.14% of the company’s stock.

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.