Tortoise Capital Advisors L.L.C. Sells 310 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Tortoise Capital Advisors L.L.C. trimmed its stake in Autodesk, Inc. (NASDAQ:ADSK) by 2.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,090 shares of the software company’s stock after selling 310 shares during the period. Tortoise Capital Advisors L.L.C.’s holdings in Autodesk were worth $3,734,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Ables Iannone Moore & Associates Inc. bought a new stake in Autodesk in the fourth quarter worth $25,000. Concord Wealth Partners purchased a new stake in Autodesk in the first quarter worth about $25,000. New Covenant Trust Company N.A. purchased a new stake in Autodesk in the first quarter worth about $25,000. LRI Investments LLC bought a new position in shares of Autodesk in the first quarter worth approximately $26,000. Finally, Olistico Wealth LLC bought a new position in shares of Autodesk in the second quarter worth approximately $26,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Performance

NASDAQ:ADSK opened at $250.37 on Friday. The firm has a market capitalization of $53.96 billion, a PE ratio of 54.19, a price-to-earnings-growth ratio of 3.45 and a beta of 1.48. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69. The business’s fifty day moving average price is $247.13 and its 200 day moving average price is $239.22. Autodesk, Inc. has a 12 month low of $192.01 and a 12 month high of $279.53.

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, topping analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 64.61%. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter last year, the company earned $1.12 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. On average, sell-side analysts anticipate that Autodesk, Inc. will post 5.55 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, COO Steven M. Blum sold 17,344 shares of the business’s stock in a transaction dated 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 transaction, the chief operating officer now owns 17,099 shares in the company, valued at approximately $4,616,730. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Mary T. Mcdowell sold 1,100 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.21, for a total value of $248,831.00. Following the sale, the director now directly owns 32,116 shares in the company, valued at approximately $7,264,960.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Steven M. Blum sold 17,344 shares of the business’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 completion of the transaction, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at $4,616,730. The disclosure for this sale can be found here. Insiders have sold a total of 57,275 shares of company stock valued at $14,220,661 over the last quarter. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price objective on shares of Autodesk from $290.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, August 30th. KeyCorp reissued an “overweight” rating and issued a $305.00 price objective on shares of Autodesk in a research note on Monday, August 26th. Hsbc Global Res raised shares of Autodesk to a “strong-buy” rating in a research note on Tuesday. Rosenblatt Securities increased their price objective 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. Finally, Barclays raised their target price on shares of Autodesk from $275.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.