Vanguard Personalized Indexing Management LLC Buys 3,567 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Vanguard Personalized Indexing Management LLC increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 18.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,117 shares of the software company’s stock after purchasing an additional 3,567 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Autodesk were worth $5,671,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ADSK. Mesirow Financial Investment Management Inc. boosted its holdings in shares of Autodesk by 1.1% in the 2nd 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 in the last quarter. Johnson Investment Counsel Inc. lifted its position in shares of Autodesk by 5.1% during 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 last quarter. Beacon Financial Group lifted its position in shares of Autodesk by 4.1% during the 4th quarter. Beacon Financial Group now owns 1,248 shares of the software company’s stock worth $304,000 after buying an additional 49 shares during the last quarter. First Affirmative Financial Network boosted its stake in Autodesk by 2.8% in the first quarter. First Affirmative Financial Network now owns 1,802 shares of the software company’s stock valued at $469,000 after buying an additional 49 shares in the last quarter. Finally, InTrack Investment Management Inc grew its position in Autodesk by 2.3% in the second quarter. InTrack Investment Management Inc now owns 2,189 shares of the software company’s stock valued at $542,000 after acquiring an additional 49 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Price Performance

Shares of ADSK opened at $264.21 on Thursday. The business has a 50-day moving average of $249.56 and a 200-day moving average of $239.35. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The company has a market capitalization of $56.94 billion, a price-to-earnings ratio of 57.19, a price-to-earnings-growth ratio of 3.29 and a beta of 1.48. Autodesk, Inc. has a 1 year low of $192.01 and a 1 year high of $279.53.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.00 by $0.15. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.12 EPS. As a group, equities research analysts anticipate that Autodesk, Inc. will post 5.73 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ADSK. BMO Capital Markets increased their target price on shares of Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a report on Friday, August 30th. HSBC raised shares of Autodesk from a “hold” rating to a “buy” rating and increased their price objective for the company from $242.00 to $299.00 in a research note on Tuesday, September 3rd. The Goldman Sachs Group raised shares of Autodesk from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $225.00 to $295.00 in a research note on Tuesday, September 3rd. Hsbc Global Res upgraded shares of Autodesk to a “strong-buy” rating in a report on Tuesday, September 3rd. Finally, Mizuho raised their price objective on Autodesk from $230.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $292.17.

Insider Activity at Autodesk

In other Autodesk 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 transaction of $4,682,880.00. Following the sale, the chief operating officer now owns 17,099 shares of the company’s stock, valued at $4,616,730. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, COO Steven M. Blum sold 19,693 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief operating officer now owns 34,443 shares of the company’s stock, valued at approximately $8,610,750. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Steven M. Blum sold 17,344 shares of the business’s 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 owns 17,099 shares in the company, valued at approximately $4,616,730. The disclosure for this sale can be found here. Insiders have sold a total of 38,762 shares of company stock worth $10,046,302 over the last quarter. Company insiders own 0.14% of the company’s stock.

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.