DRW Securities LLC Sells 1,148 Shares of Autodesk, Inc. (NASDAQ:ADSK)

DRW Securities LLC lowered its position in Autodesk, Inc. (NASDAQ:ADSK) by 51.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,087 shares of the software company’s stock after selling 1,148 shares during the period. DRW Securities LLC’s holdings in Autodesk were worth $299,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of ADSK. Marshall Financial Group LLC lifted its stake in shares of Autodesk by 0.8% during the 3rd quarter. Marshall Financial Group LLC now owns 4,491 shares of the software company’s stock worth $1,237,000 after acquiring an additional 35 shares during the last quarter. Avitas Wealth Management LLC lifted its position in shares of Autodesk by 0.8% during the third quarter. Avitas Wealth Management LLC now owns 5,577 shares of the software company’s stock worth $1,536,000 after purchasing an additional 42 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its stake in shares of Autodesk by 1.1% during the second quarter. Mesirow Financial Investment Management Inc. now owns 3,875 shares of the software company’s stock valued at $959,000 after purchasing an additional 44 shares during the period. Meeder Asset Management Inc. grew its holdings in shares of Autodesk by 28.9% in the third quarter. Meeder Asset Management Inc. now owns 196 shares of the software company’s stock worth $54,000 after purchasing an additional 44 shares during the last quarter. Finally, Johnson Investment Counsel Inc. increased its stake in Autodesk by 5.1% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 920 shares of the software company’s stock worth $228,000 after buying an additional 45 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Activity

In other Autodesk news, COO Steven M. Blum sold 17,344 shares of Autodesk 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 completion of the sale, the chief operating officer now directly owns 17,099 shares in the company, valued at approximately $4,616,730. The trade was a 50.36 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CAO Stephen W. Hope sold 286 shares of the stock in a transaction on Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 19,280 shares of company stock valued at $5,232,213 over the last ninety days. 0.14% of the stock is currently owned by insiders.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $290.64 on Thursday. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a market cap of $62.49 billion, a PE ratio of 59.44, a P/E/G ratio of 4.08 and a beta of 1.47. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The business has a 50-day simple moving average of $289.02 and a two-hundred day simple moving average of $256.83.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the business earned $1.33 EPS. Autodesk’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities analysts expect that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of research analyst reports. Berenberg Bank upped their target price on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. DA Davidson initiated coverage on Autodesk in a report on Friday, September 27th. They issued a “neutral” rating and a $260.00 target price for the company. Robert W. Baird raised their price target on Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Rosenblatt Securities upped their price objective on shares of Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Mizuho increased their target price on shares of Autodesk from $260.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday. Eight investment analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $315.38.

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.