Family Firm Inc. Purchases Shares of 190 Autodesk, Inc. (NASDAQ:ADSK)

Family Firm Inc. purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 190 shares of the software company’s stock, valued at approximately $47,000.

Several other institutional investors have also added to or reduced their stakes in ADSK. VisionPoint Advisory Group LLC raised its stake in shares of Autodesk by 21.5% during the fourth quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock valued at $58,000 after acquiring an additional 42 shares during the last quarter. Epic Trust Investment Advisors LLC raised its stake in shares of Autodesk by 3.7% during the fourth quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company’s stock valued at $331,000 after acquiring an additional 49 shares during the last quarter. Beacon Financial Group raised its stake in shares of Autodesk by 4.1% during the fourth quarter. Beacon Financial Group now owns 1,248 shares of the software company’s stock valued at $304,000 after acquiring an additional 49 shares during the last quarter. First Affirmative Financial Network raised its stake in shares of Autodesk by 2.8% during the first quarter. First Affirmative Financial Network now owns 1,802 shares of the software company’s stock valued at $469,000 after acquiring an additional 49 shares during the last quarter. Finally, InTrack Investment Management Inc raised its stake in shares of Autodesk by 2.3% during 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 hedge funds and other institutional investors.

Insider Activity

In other news, COO Steven M. Blum sold 17,413 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the sale, the chief operating officer now owns 54,136 shares in the company, valued at $12,256,390.40. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, COO Steven M. Blum sold 17,413 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the sale, the chief operating officer now owns 54,136 shares in the company, valued at $12,256,390.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Mary T. Mcdowell sold 550 shares of the 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 sale, the director now owns 31,899 shares in the company, valued at approximately $7,916,693.82. The disclosure for this sale can be found here. Insiders have sold a total of 39,931 shares of company stock worth $9,537,781 over the last 90 days. 0.14% of the stock is currently owned by insiders.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $255.26 on Friday. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $279.53. The company has a 50 day simple moving average of $244.57 and a two-hundred day simple moving average of $239.40. The company has a market capitalization of $55.01 billion, a price-to-earnings ratio of 55.25, a P/E/G ratio of 3.23 and a beta of 1.48. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share for the quarter, beating analysts’ consensus estimates of $1.77 by $0.10. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter last year, the firm earned $1.55 earnings per share. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. Analysts expect that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.

Analysts Set New Price Targets

ADSK has been the subject of several recent analyst reports. Mizuho lowered their price objective on shares of Autodesk from $270.00 to $230.00 and set a “neutral” rating for the company in a research note on Tuesday, June 4th. Oppenheimer reaffirmed an “outperform” rating and set a $275.00 price objective on shares of Autodesk in a research note on Tuesday, June 18th. Bank of America lowered their price objective on shares of Autodesk from $300.00 to $260.00 and set a “neutral” rating for the company in a research note on Monday, June 3rd. Citigroup increased their price target on shares of Autodesk from $286.00 to $295.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Finally, KeyCorp decreased their price target on shares of Autodesk from $320.00 to $305.00 and set an “overweight” rating for the company in a research note on Monday, May 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $267.00.

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.