Hennion & Walsh Asset Management Inc. Sells 286 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Hennion & Walsh Asset Management Inc. lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.0% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 14,316 shares of the software company’s stock after selling 286 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Autodesk were worth $3,728,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Manchester Capital Management LLC grew its position in Autodesk by 12.2% in the 4th quarter. Manchester Capital Management LLC now owns 1,551 shares of the software company’s stock worth $378,000 after purchasing an additional 169 shares during the last quarter. TD Asset Management Inc lifted its position in shares of Autodesk by 153.0% in the 4th quarter. TD Asset Management Inc now owns 384,380 shares of the software company’s stock worth $93,589,000 after acquiring an additional 232,441 shares during the period. O Shaughnessy Asset Management LLC grew its holdings in shares of Autodesk by 86.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company’s stock worth $1,959,000 after purchasing an additional 4,381 shares in the last quarter. CWA Asset Management Group LLC bought a new stake in shares of Autodesk during the third quarter valued at approximately $330,000. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Autodesk by 58.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock valued at $4,297,000 after purchasing an additional 6,481 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Performance

ADSK stock opened at $247.45 on Friday. The company has a 50 day moving average price of $221.13 and a 200 day moving average price of $239.09. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $279.53. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a market capitalization of $53.33 billion, a PE ratio of 53.56, a price-to-earnings-growth ratio of 3.26 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.77 by $0.10. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.55 EPS. Analysts forecast that Autodesk, Inc. will post 5.55 EPS for the current year.

Insiders Place Their Bets

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $235.00, for a total transaction of $129,250.00. Following the sale, the director now directly owns 31,566 shares in the company, valued at $7,418,010. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In other Autodesk news, COO Steven M. Blum sold 17,413 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $226.40, for a total value of $3,942,303.20. Following the completion of the transaction, the chief operating officer now directly owns 54,136 shares in the company, valued at $12,256,390.40. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $235.00, for a total value of $129,250.00. Following the transaction, the director now directly owns 31,566 shares in the company, valued at approximately $7,418,010. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,138 shares of company stock worth $4,339,111. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the topic of several analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $290.00 price target on shares of Autodesk in a report on Wednesday, June 12th. Citigroup raised their price target on shares of Autodesk from $286.00 to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Piper Sandler reissued a “neutral” rating and issued a $239.00 target price on shares of Autodesk in a report on Wednesday, June 12th. Oppenheimer reaffirmed an “outperform” rating and issued a $275.00 price target on shares of Autodesk in a research note on Tuesday, June 18th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $260.00 price objective on shares of Autodesk in a research note on Tuesday, June 18th. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $262.42.

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.