Patten Group Inc. Buys 270 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Patten Group Inc. raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 4.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,223 shares of the software company’s stock after buying an additional 270 shares during the period. Patten Group Inc.’s holdings in Autodesk were worth $1,714,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Cresset Asset Management LLC grew its holdings in shares of Autodesk by 6.4% during the 4th quarter. Cresset Asset Management LLC now owns 37,416 shares of the software company’s stock valued at $9,110,000 after purchasing an additional 2,250 shares during the last quarter. LM Advisors LLC bought a new position in shares of Autodesk during the 4th quarter valued at $394,000. Pitcairn Co. grew its holdings in shares of Autodesk by 8.6% during the 4th quarter. Pitcairn Co. now owns 16,231 shares of the software company’s stock valued at $3,952,000 after purchasing an additional 1,291 shares during the last quarter. Profund Advisors LLC grew its holdings in shares of Autodesk by 22.4% during the 4th quarter. Profund Advisors LLC now owns 20,930 shares of the software company’s stock valued at $5,096,000 after purchasing an additional 3,836 shares during the last quarter. Finally, Sanibel Captiva Trust Company Inc. bought a new position in shares of Autodesk during the 4th quarter valued at $11,440,000. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other Autodesk news, COO Steven M. Blum sold 17,344 shares of the firm’s stock in a transaction dated 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. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other 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 value 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 $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 SEC, which is available through this link. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total transaction of $136,499.00. Following the completion of the sale, the director now owns 31,899 shares of the company’s stock, valued at $7,916,693.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,280 shares of company stock worth $5,183,340. 0.14% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ADSK has been the subject of several analyst reports. Bank of America increased their price target on shares of Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Rosenblatt Securities increased their price target on shares of Autodesk from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Hsbc Global Res raised shares of Autodesk to a “strong-buy” rating in a research report on Tuesday, September 3rd. HSBC raised shares of Autodesk from a “hold” rating to a “buy” rating and increased their price target for the company from $242.00 to $299.00 in a research report on Tuesday, September 3rd. Finally, Piper Sandler raised their target price on shares of Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and a consensus price target of $290.47.

Autodesk Trading Up 0.7 %

Shares of NASDAQ ADSK opened at $276.88 on Thursday. Autodesk, Inc. has a 1 year low of $192.01 and a 1 year high of $279.53. The stock has a market cap of $59.67 billion, a P/E ratio of 59.93, a price-to-earnings-growth ratio of 3.41 and a beta of 1.48. The firm has a 50-day moving average of $256.34 and a 200 day moving average of $240.50. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. The business 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%. Autodesk’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the business earned $1.12 EPS. As a group, sell-side analysts expect 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.