Centaurus Financial Inc. Acquires 821 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Centaurus Financial Inc. grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,073 shares of the software company’s stock after acquiring an additional 821 shares during the period. Autodesk accounts for approximately 0.9% of Centaurus Financial Inc.’s portfolio, making the stock its 20th largest holding. Centaurus Financial Inc.’s holdings in Autodesk were worth $13,518,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Jag Capital Management LLC purchased a new position in Autodesk during the third quarter valued at approximately $13,861,000. Cetera Investment Advisers boosted its holdings in Autodesk by 163.4% in the 1st quarter. Cetera Investment Advisers now owns 61,574 shares of the software company’s stock valued at $16,035,000 after purchasing an additional 38,196 shares during the period. Forsta AP Fonden grew its position in shares of Autodesk by 7.9% during the 3rd quarter. Forsta AP Fonden now owns 51,600 shares of the software company’s stock valued at $14,215,000 after purchasing an additional 3,800 shares in the last quarter. QRG Capital Management Inc. increased its holdings in shares of Autodesk by 32.0% in the third quarter. QRG Capital Management Inc. now owns 13,437 shares of the software company’s stock worth $3,702,000 after purchasing an additional 3,259 shares during the period. Finally, Primecap Management Co. CA raised its position in shares of Autodesk by 8.2% in the second quarter. Primecap Management Co. CA now owns 655,900 shares of the software company’s stock worth $162,302,000 after buying an additional 49,500 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

ADSK has been the subject of several recent analyst reports. BMO Capital Markets boosted their target price on Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a research report on Friday, August 30th. Citigroup increased their target price on shares of Autodesk from $325.00 to $358.00 and gave the company a “buy” rating in a report on Friday. KeyCorp increased their price objective on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group raised Autodesk from a “sell” rating to a “neutral” rating and raised their target price for the stock from $225.00 to $295.00 in a research note on Tuesday, September 3rd. Finally, Bank of America boosted their price objective on shares of Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $309.43.

Insider Buying and Selling at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction on Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the transaction, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at $1,340,944.36. This trade represents a 5.54 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the sale, the director now owns 30,249 shares in the company, valued at $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,280 shares of company stock worth $5,232,213 in the last quarter. 0.14% of the stock is owned by corporate insiders.

Autodesk Price Performance

Shares of Autodesk stock opened at $321.27 on Friday. The stock’s 50-day simple moving average is $286.44 and its 200-day simple moving average is $254.89. The company has a market capitalization of $69.07 billion, a price-to-earnings ratio of 65.70, a PEG ratio of 4.03 and a beta of 1.47. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $321.90. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior year, the business earned $1.12 earnings per share. Autodesk’s revenue for the quarter was up 11.9% on a year-over-year basis. As a group, analysts expect that Autodesk, Inc. will post 5.73 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.