Fidelis Capital Partners LLC Has $510,000 Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Fidelis Capital Partners LLC increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 4.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,782 shares of the software company’s stock after purchasing an additional 73 shares during the period. Fidelis Capital Partners LLC’s holdings in Autodesk were worth $510,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. New Covenant Trust Company N.A. acquired a new position in Autodesk in the 1st quarter worth $25,000. LRI Investments LLC acquired a new position in Autodesk in the 1st quarter worth $26,000. Livelsberger Financial Advisory acquired a new position in Autodesk in the 3rd quarter worth $27,000. Concord Wealth Partners acquired a new position in shares of Autodesk during the 3rd quarter worth about $28,000. Finally, Olistico Wealth LLC acquired a new position in shares of Autodesk during the 2nd quarter worth about $26,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $248.18, for a total transaction of $136,499.00. Following the sale, the director now owns 31,899 shares in the company, valued at approximately $7,916,693.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, COO Steven M. Blum sold 17,344 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the sale, the chief operating officer now owns 17,099 shares in the company, valued at approximately $4,616,730. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total transaction of $136,499.00. Following the sale, the director now owns 31,899 shares in the company, valued at $7,916,693.82. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,280 shares of company stock valued at $5,200,929. 0.14% of the stock is currently owned by company insiders.

Autodesk Stock Down 0.3 %

Shares of ADSK opened at $288.82 on Thursday. Autodesk, Inc. has a 12 month low of $192.01 and a 12 month high of $294.13. The firm’s 50 day moving average is $270.48 and its 200-day moving average is $244.57. The stock has a market capitalization of $62.24 billion, a PE ratio of 62.52, a P/E/G ratio of 3.52 and a beta of 1.48. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the firm earned $1.12 earnings per share. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. Equities research analysts forecast that Autodesk, Inc. will post 5.73 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ADSK. Barclays increased their price objective on shares of Autodesk from $275.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. KeyCorp restated an “overweight” rating and set a $305.00 price objective on shares of Autodesk in a research note on Monday, August 26th. Mizuho set a $260.00 price objective on shares of Autodesk in a research note on Friday, October 18th. HSBC upgraded shares of Autodesk from a “hold” rating to a “buy” rating and increased their price objective for the stock from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Finally, DA Davidson began coverage on shares of Autodesk in a report on Friday, September 27th. They issued a “neutral” rating and a $260.00 target price on the stock. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $292.95.

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.