Benjamin F. Edwards & Company Inc. Sells 2,743 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Benjamin F. Edwards & Company Inc. decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 49.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,785 shares of the software company’s stock after selling 2,743 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Autodesk were worth $689,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Autodesk during the 4th quarter worth approximately $25,000. Concord Wealth Partners purchased a new position in Autodesk in the 1st quarter worth about $25,000. New Covenant Trust Company N.A. bought a new stake in Autodesk during the 1st quarter valued at about $25,000. LRI Investments LLC purchased a new stake in Autodesk in the 1st quarter valued at about $26,000. Finally, Olistico Wealth LLC bought a new position in Autodesk in the 2nd quarter worth about $26,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several research analyst reports. Royal Bank of Canada lifted their price target on shares of Autodesk from $290.00 to $313.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Rosenblatt Securities upped their target price on Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Berenberg Bank raised their price target on Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a research note on Friday, August 30th. HSBC raised shares of Autodesk from a “hold” rating to a “buy” rating and upped their price objective for the stock from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Finally, Robert W. Baird reduced their price target on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a report on Wednesday, May 29th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus price target of $292.17.

Insider Activity

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $253.33, for a total value of $139,331.50. Following the completion of the transaction, the director now owns 31,016 shares in the company, valued at approximately $7,857,283.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Autodesk 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 transaction, the chief operating officer now directly owns 34,443 shares of the company’s stock, valued at approximately $8,610,750. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $253.33, for a total transaction of $139,331.50. Following the completion of the sale, the director now directly owns 31,016 shares in the company, valued at $7,857,283.28. The disclosure for this sale can be found here. Insiders have sold 38,762 shares of company stock valued at $10,046,302 over the last ninety days. 0.14% of the stock is currently owned by insiders.

Autodesk Trading Up 0.4 %

Autodesk stock opened at $269.65 on Wednesday. Autodesk, Inc. has a one year low of $192.01 and a one year high of $279.53. The stock has a market cap of $58.11 billion, a PE ratio of 58.37, a price-to-earnings-growth ratio of 3.29 and a beta of 1.48. 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 stock has a 50-day moving average of $250.88 and a two-hundred day moving average of $239.70.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the business earned $1.12 EPS. Autodesk’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, research analysts anticipate that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

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.