KPP Advisory Services LLC Buys New Stake in Autodesk, Inc. (NASDAQ:ADSK)

KPP Advisory Services LLC purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 759 shares of the software company’s stock, valued at approximately $209,000.

A number of other large investors have also made changes to their positions in the business. New Covenant Trust Company N.A. acquired a new stake in shares of Autodesk in the 1st quarter worth $25,000. LRI Investments LLC purchased a new stake in Autodesk in the first quarter valued at about $26,000. Livelsberger Financial Advisory acquired a new stake in Autodesk in the third quarter worth about $27,000. Transcendent Capital Group LLC purchased a new stake in shares of Autodesk during the third quarter worth about $28,000. Finally, Concord Wealth Partners acquired a new position in shares of Autodesk during the third quarter valued at about $28,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the sale, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the transaction, the chief accounting officer now owns 4,879 shares in the company, valued at $1,340,944.36. The trade was a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 19,280 shares of company stock valued at $5,232,213 over the last 90 days. Corporate insiders own 0.14% of the company’s stock.

Autodesk Price Performance

NASDAQ:ADSK opened at $299.15 on Friday. 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, Inc. has a 52 week low of $195.32 and a 52 week high of $315.73. The stock’s 50-day moving average price is $281.32 and its 200-day moving average price is $251.50. The stock has a market capitalization of $64.32 billion, a PE ratio of 61.18, a price-to-earnings-growth ratio of 4.00 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, topping the consensus estimate of $2.00 by $0.15. The business 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 59.41% and a net margin of 18.21%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the company posted $1.12 EPS. As a group, equities analysts expect that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Analysts Set New Price Targets

ADSK has been the subject of a number of recent analyst reports. Citigroup set a $325.00 target price on shares of Autodesk and gave the stock a “buy” rating in a research note on Friday, October 18th. Bank of America lifted their price objective on shares of Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. KeyCorp reissued an “overweight” rating and issued a $305.00 target price on shares of Autodesk in a research report on Monday, August 26th. Barclays boosted their price target on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday. Finally, BMO Capital Markets increased their price objective on Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $296.20.

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.