Silvercrest Asset Management Group LLC Has $430,000 Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Silvercrest Asset Management Group LLC cut its stake in Autodesk, Inc. (NASDAQ:ADSK) by 19.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,652 shares of the software company’s stock after selling 406 shares during the period. Silvercrest Asset Management Group LLC’s holdings in Autodesk were worth $430,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADSK. AdvisorNet Financial Inc lifted its position in Autodesk by 67.1% during the 4th quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock worth $35,000 after buying an additional 57 shares in the last quarter. Essex Savings Bank bought a new stake in Autodesk during the 4th quarter worth about $204,000. Pinnacle Financial Partners Inc bought a new stake in shares of Autodesk in the 4th quarter valued at about $345,000. Physician Wealth Advisors Inc. bought a new stake in shares of Autodesk in the 4th quarter valued at about $212,000. Finally, Colonial River Wealth Management LLC bought a new stake in shares of Autodesk in the 4th quarter valued at about $275,000. 90.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ADSK. Rosenblatt Securities reaffirmed a “buy” rating and issued a $290.00 target price on shares of Autodesk in a report on Wednesday, June 12th. Barclays dropped their target price on shares of Autodesk from $310.00 to $275.00 and set an “overweight” rating on the stock in a report on Wednesday, June 12th. 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. Bank of America decreased their price target on shares of Autodesk from $300.00 to $260.00 and set a “neutral” rating on the stock in a research note on Monday, June 3rd. Finally, Berenberg Bank lowered shares of Autodesk from a “buy” rating to a “hold” rating and set a $295.00 price target on the stock. in a research note on Wednesday, May 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $262.42.

Autodesk Stock Performance

Shares of NASDAQ:ADSK opened at $247.52 on Thursday. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.06. The firm has a market cap of $53.34 billion, a PE ratio of 53.58, a PEG ratio of 3.24 and a beta of 1.48. The company’s 50 day moving average price is $234.68 and its two-hundred day moving average price is $240.28. Autodesk, Inc. has a 12-month low of $192.01 and a 12-month high of $279.53.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.77 by $0.10. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The firm’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $1.55 EPS. Equities research analysts predict that Autodesk, Inc. will post 5.55 earnings per share for the current year.

Insider Buying and Selling

In related news, COO Steven M. Blum sold 17,413 shares of the 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 sale, the chief operating officer now owns 54,136 shares in the company, valued at approximately $12,256,390.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Steven M. Blum sold 17,413 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.40, for a total value of $3,942,303.20. Following the completion of the transaction, 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 available through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the 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 completion of the transaction, the director now directly owns 31,566 shares of the company’s stock, valued at approximately $7,418,010. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,381 shares of company stock worth $9,401,282. Corporate 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.