Sage Mountain Advisors LLC Has $215,000 Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Sage Mountain Advisors LLC reduced its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 27.0% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 871 shares of the software company’s stock after selling 322 shares during the period. Sage Mountain Advisors LLC’s holdings in Autodesk were worth $215,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Gilbert & Cook Inc. raised its stake in Autodesk by 5.5% during the fourth quarter. Gilbert & Cook Inc. now owns 1,974 shares of the software company’s stock worth $481,000 after acquiring an additional 103 shares in the last quarter. Choreo LLC acquired a new stake in shares of Autodesk during the 4th quarter worth about $208,000. Savant Capital LLC lifted its holdings in Autodesk by 30.0% during the 4th quarter. Savant Capital LLC now owns 3,038 shares of the software company’s stock valued at $740,000 after purchasing an additional 701 shares during the last quarter. Victory Capital Management Inc. boosted its position in Autodesk by 2.3% in the fourth quarter. Victory Capital Management Inc. now owns 203,397 shares of the software company’s stock valued at $49,523,000 after buying an additional 4,556 shares in the last quarter. Finally, Essex Financial Services Inc. bought a new stake in Autodesk during the fourth quarter worth about $220,000. Institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ADSK. Oppenheimer boosted their target price on Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday. Barclays raised their price target on shares of Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Friday. Stifel Nicolaus boosted their target price on Autodesk from $290.00 to $320.00 and gave the stock a “buy” rating in a research report on Friday. Bank of America raised their price target on Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a report on Friday. Finally, Rosenblatt Securities boosted their price objective on Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Friday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $283.33.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $248.18, for a total value of $136,499.00. Following the transaction, the director now owns 31,899 shares of the company’s stock, valued at $7,916,693.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $248.18, for a total value of $136,499.00. Following the completion of the transaction, the director now directly owns 31,899 shares of the company’s stock, valued at approximately $7,916,693.82. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Steven M. Blum sold 19,693 shares of Autodesk stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $250.00, for a total value of $4,923,250.00. Following the completion of the sale, the chief operating officer now directly owns 34,443 shares in the company, valued at approximately $8,610,750. The disclosure for this sale can be found here. In the last three months, insiders sold 39,931 shares of company stock valued at $9,537,781. 0.14% of the stock is owned by corporate insiders.

Autodesk Trading Up 0.1 %

Shares of ADSK stock traded up $0.17 on Friday, hitting $258.40. The stock had a trading volume of 4,054,902 shares, compared to its average volume of 1,278,129. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.06. Autodesk, Inc. has a twelve month low of $192.01 and a twelve month high of $279.53. The company has a fifty day moving average price of $245.97 and a two-hundred day moving average price of $239.25. The firm has a market cap of $55.69 billion, a P/E ratio of 55.93, a PEG ratio of 3.45 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a return on equity of 64.61% and a net margin of 18.21%. The company’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 earnings per share. As a group, analysts forecast that Autodesk, Inc. will post 5.55 earnings per share for the current fiscal year.

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.