Stiles Financial Services Inc Buys 350 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Stiles Financial Services Inc boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 28.8% during the third quarter, Holdings Channel reports. The institutional investor owned 1,567 shares of the software company’s stock after acquiring an additional 350 shares during the quarter. Stiles Financial Services Inc’s holdings in Autodesk were worth $432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Geneos Wealth Management Inc. raised its holdings in shares of Autodesk by 11.9% in the first quarter. Geneos Wealth Management Inc. now owns 2,758 shares of the software company’s stock valued at $718,000 after buying an additional 293 shares during the last quarter. Empirical Finance LLC lifted its holdings in shares of Autodesk by 3.5% in the first quarter. Empirical Finance LLC now owns 7,787 shares of the software company’s stock valued at $2,028,000 after purchasing an additional 261 shares in the last quarter. Empowered Funds LLC boosted its position in Autodesk by 23.4% during the 1st quarter. Empowered Funds LLC now owns 3,457 shares of the software company’s stock worth $900,000 after acquiring an additional 656 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Autodesk by 22.1% during the first quarter. Oppenheimer & Co. Inc. now owns 7,897 shares of the software company’s stock worth $2,057,000 after purchasing an additional 1,428 shares during the last quarter. Finally, Forsta AP Fonden grew its holdings in shares of Autodesk by 6.2% in the 1st quarter. Forsta AP Fonden now owns 80,900 shares of the software company’s stock valued at $21,068,000 after acquiring an additional 4,700 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In related news, COO Steven M. Blum sold 17,344 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the transaction, the chief operating officer now directly owns 17,099 shares in the company, valued at approximately $4,616,730. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction that occurred 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 sale, the chief accounting officer now directly owns 4,879 shares in the company, valued at approximately $1,340,944.36. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of the stock in a transaction 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 transaction, the chief operating officer now directly owns 17,099 shares in the company, valued at approximately $4,616,730. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,280 shares of company stock valued at $5,200,929. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ADSK. BMO Capital Markets lifted their price target on Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a report on Friday, August 30th. Morgan Stanley restated an “overweight” rating and issued a $320.00 price target on shares of Autodesk in a research report on Monday, September 30th. Wells Fargo & Company started coverage on shares of Autodesk in a report on Wednesday, October 16th. They issued an “overweight” rating and a $340.00 price target for the company. DA Davidson began coverage on shares of Autodesk in a research note on Friday, September 27th. They issued a “neutral” rating and a $260.00 target price for the company. Finally, Bank of America raised their target price on Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and a consensus price target of $292.95.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $305.51 on Friday. The stock’s 50-day simple moving average is $274.06 and its two-hundred day simple moving average is $247.03. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $306.23. The firm has a market capitalization of $65.68 billion, a P/E ratio of 62.48, a P/E/G ratio of 3.65 and a beta of 1.47. 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 posted its quarterly earnings data 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. 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 in the prior year, the business earned $1.12 earnings per share. Autodesk’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, equities analysts anticipate that Autodesk, Inc. will post 5.73 EPS 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.