Bleakley Financial Group LLC Acquires 129 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Bleakley Financial Group LLC increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,512 shares of the software company’s stock after buying an additional 129 shares during the period. Bleakley Financial Group LLC’s holdings in Autodesk were worth $967,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ADSK. Greenup Street Wealth Management LLC bought a new stake in shares of Autodesk during the 3rd quarter valued at $2,618,000. Global Retirement Partners LLC increased its holdings in Autodesk by 2.8% in the third quarter. Global Retirement Partners LLC now owns 5,980 shares of the software company’s stock valued at $1,647,000 after purchasing an additional 162 shares during the last quarter. Probity Advisors Inc. bought a new stake in Autodesk in the third quarter valued at about $226,000. Wolff Wiese Magana LLC boosted its holdings in Autodesk by 3,625.0% during the third quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock worth $41,000 after buying an additional 145 shares during the last quarter. Finally, Asset Dedication LLC grew its position in shares of Autodesk by 87.9% during the 3rd quarter. Asset Dedication LLC now owns 171 shares of the software company’s stock worth $47,000 after buying an additional 80 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Price Performance

Shares of Autodesk stock opened at $292.99 on Monday. 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, Inc. has a one year low of $192.01 and a one year high of $294.13. The business’s 50 day simple moving average is $264.10 and its two-hundred day simple moving average is $242.06. The stock has a market capitalization of $63.14 billion, a P/E ratio of 63.42, a price-to-earnings-growth ratio of 3.52 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. The business had revenue of $1.51 billion for 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%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.12 EPS. Analysts forecast that Autodesk, Inc. will post 5.73 EPS for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the stock. Stifel Nicolaus lifted their price objective on shares of Autodesk from $290.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Citigroup set a $325.00 price target on shares of Autodesk and gave the company a “buy” rating in a report on Friday. Mizuho set a $260.00 price objective on Autodesk in a research note on Friday. Wells Fargo & Company assumed coverage on Autodesk in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $340.00 target price for the company. Finally, Rosenblatt Securities lifted their price objective on Autodesk from $290.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $292.95.

Insider Activity at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the transaction, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $248.18, for a total transaction of $136,499.00. Following the completion of the transaction, the director now directly owns 31,899 shares of the company’s stock, valued at $7,916,693.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Stephen W. Hope sold 286 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the transaction, the chief accounting officer now owns 4,879 shares in the company, valued at approximately $1,340,944.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,280 shares of company stock valued at $5,200,929. 0.14% of the stock is owned by insiders.

About Autodesk

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.