Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Graypoint LLC

Graypoint LLC trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 26.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,386 shares of the software company’s stock after selling 1,238 shares during the period. Graypoint LLC’s holdings in Autodesk were worth $838,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Gilbert & Cook Inc. increased its holdings in Autodesk by 5.5% in the 4th quarter. Gilbert & Cook Inc. now owns 1,974 shares of the software company’s stock valued at $481,000 after purchasing an additional 103 shares in the last quarter. Choreo LLC acquired a new stake in shares of Autodesk in the fourth quarter valued at about $208,000. Savant Capital LLC grew its stake in shares of Autodesk by 30.0% in the fourth quarter. Savant Capital LLC now owns 3,038 shares of the software company’s stock valued at $740,000 after buying an additional 701 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Autodesk by 2.3% during the 4th 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 during the period. Finally, Essex Financial Services Inc. acquired a new position in Autodesk during the 4th quarter worth approximately $220,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Barclays lifted their price objective on shares of Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday. Mizuho boosted their price objective on shares of Autodesk from $230.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday. Royal Bank of Canada raised their target price on Autodesk from $290.00 to $313.00 and gave the company an “outperform” rating in a research note on Friday. Citigroup lifted their price objective on Autodesk from $295.00 to $316.00 and gave the stock a “buy” rating in a report on Monday, August 26th. Finally, Bank of America increased their target price on Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $283.33.

Insider Buying and Selling

In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the company’s 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 transaction, the chief operating officer now owns 34,443 shares in the company, valued at approximately $8,610,750. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, COO Steven M. Blum sold 17,413 shares of Autodesk stock in a transaction dated 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 directly owns 54,136 shares in the company, valued at $12,256,390.40. 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 the stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $250.00, for a total transaction of $4,923,250.00. Following the completion of the transaction, the chief operating officer now owns 34,443 shares of the company’s stock, valued at approximately $8,610,750. The disclosure for this sale can be found here. Insiders have sold a total of 39,931 shares of company stock valued at $9,537,781 in the last quarter. Company insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

Shares of NASDAQ:ADSK traded up $0.17 during trading on Friday, hitting $258.40. 4,054,902 shares of the company traded hands, compared to its average volume of 1,278,129. 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 business’s fifty day moving average is $245.97 and its 200-day moving average is $239.25. The stock has a market capitalization of $55.69 billion, a price-to-earnings ratio of 55.93, a PEG ratio of 3.45 and a beta of 1.48. Autodesk, Inc. has a one year low of $192.01 and a one year high of $279.53.

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