Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Thurston Springer Miller Herd & Titak Inc.

Thurston Springer Miller Herd & Titak Inc. trimmed its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 38.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 319 shares of the software company’s stock after selling 201 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Autodesk were worth $79,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. purchased a new position in shares of Autodesk in the 1st quarter valued at $25,000. Concord Wealth Partners acquired a new position in Autodesk in the first quarter valued at $25,000. LRI Investments LLC purchased a new position in shares of Autodesk during the first quarter worth about $26,000. Ables Iannone Moore & Associates Inc. acquired a new stake in shares of Autodesk during the fourth quarter worth about $25,000. Finally, Bfsg LLC purchased a new stake in shares of Autodesk in the 4th quarter valued at about $27,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Activity at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $235.00, for a total transaction of $129,250.00. Following the transaction, the director now owns 31,566 shares of the company’s stock, valued at approximately $7,418,010. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Autodesk news, COO Steven M. Blum sold 17,413 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $226.40, for a total value of $3,942,303.20. Following the sale, the chief operating officer now directly owns 54,136 shares of the company’s stock, valued at $12,256,390.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction 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 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. Insiders sold a total of 39,381 shares of company stock valued at $9,401,282 over the last three months. 0.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on ADSK shares. Berenberg Bank downgraded 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. Piper Sandler restated a “neutral” rating and set a $239.00 target price on shares of Autodesk in a research report on Wednesday, June 12th. BMO Capital Markets reduced their price target on shares of Autodesk from $293.00 to $254.00 and set a “market perform” rating for the company in a research report on Wednesday, June 12th. Bank of America dropped their price objective 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, Royal Bank of Canada reiterated an “outperform” rating and set a $260.00 target price on shares of Autodesk in a research note on Tuesday, June 18th. One investment 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’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $262.42.

Autodesk Stock Up 1.5 %

NASDAQ:ADSK traded up $3.52 during trading hours on Wednesday, hitting $237.75. The stock had a trading volume of 98,561 shares, compared to its average volume of 1,697,175. The business has a 50 day simple moving average of $236.24 and a two-hundred day simple moving average of $240.01. Autodesk, Inc. has a 1-year low of $192.01 and a 1-year high of $279.53. 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 $51.24 billion, a PE ratio of 50.70, a price-to-earnings-growth ratio of 3.23 and a beta of 1.48.

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

Autodesk Company 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.