Ieq Capital LLC Acquires 421 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Ieq Capital LLC grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,288 shares of the software company’s stock after acquiring an additional 421 shares during the quarter. Ieq Capital LLC’s holdings in Autodesk were worth $4,525,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Intech Investment Management LLC raised its position in shares of Autodesk by 376.3% during the 2nd quarter. Intech Investment Management LLC now owns 51,592 shares of the software company’s stock valued at $12,766,000 after buying an additional 40,760 shares in the last quarter. WCG Wealth Advisors LLC bought a new position in Autodesk in the second quarter valued at $2,941,000. Capco Asset Management LLC raised its position in Autodesk by 1.7% during the second quarter. Capco Asset Management LLC now owns 97,237 shares of the software company’s stock valued at $24,061,000 after purchasing an additional 1,607 shares in the last quarter. Elo Mutual Pension Insurance Co lifted its stake in Autodesk by 0.5% during the second quarter. Elo Mutual Pension Insurance Co now owns 19,644 shares of the software company’s stock worth $4,861,000 after purchasing an additional 98 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Autodesk by 18.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 23,117 shares of the software company’s stock worth $5,671,000 after purchasing an additional 3,567 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 0.9 %

Shares of NASDAQ ADSK opened at $267.29 on Friday. The firm has a fifty day simple moving average of $250.26 and a two-hundred day simple moving average of $239.61. Autodesk, Inc. has a 12 month low of $192.01 and a 12 month high of $279.53. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $57.60 billion, a PE ratio of 57.85, a price-to-earnings-growth ratio of 3.29 and a beta of 1.48.

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 analysts’ consensus estimates of $2.00 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 earnings per share. Equities analysts expect that Autodesk, Inc. will post 5.73 earnings per share for the current year.

Insider Activity

In related news, COO Steven M. Blum sold 17,344 shares of the company’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the sale, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at $4,616,730. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, COO Steven M. Blum sold 17,344 shares of the business’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 sale, the chief operating officer now owns 17,099 shares of the company’s stock, valued at $4,616,730. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the transaction, the director now directly owns 31,349 shares of the company’s stock, valued at approximately $8,323,159.50. The disclosure for this sale can be found here. Insiders sold a total of 38,762 shares of company stock worth $10,046,302 in the last quarter. 0.14% of the stock is owned by company insiders.

Analyst Ratings Changes

ADSK has been the topic of a number of research reports. BMO Capital Markets raised their price objective on Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a report on Friday, August 30th. The Goldman Sachs Group raised shares of Autodesk from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $225.00 to $295.00 in a research note on Tuesday, September 3rd. Berenberg Bank upped their price objective on shares of Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a research note on Friday, August 30th. Piper Sandler lifted 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. Finally, Barclays upped their price target on shares of Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, August 30th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $292.17.

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.