Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Eads & Heald Wealth Management

Eads & Heald Wealth Management reduced its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,341 shares of the software company’s stock after selling 57 shares during the period. Eads & Heald Wealth Management’s holdings in Autodesk were worth $920,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ADSK. TD Asset Management Inc grew its stake in Autodesk by 13.0% in the 1st quarter. TD Asset Management Inc now owns 434,407 shares of the software company’s stock valued at $113,128,000 after acquiring an additional 50,027 shares during the period. Leith Wheeler Investment Counsel Ltd. grew its position in shares of Autodesk by 10.9% in the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 50,291 shares of the software company’s stock valued at $13,097,000 after purchasing an additional 4,932 shares during the period. Cetera Investment Advisers grew its position in shares of Autodesk by 163.4% in the first quarter. Cetera Investment Advisers now owns 61,574 shares of the software company’s stock valued at $16,035,000 after purchasing an additional 38,196 shares during the period. Forsta AP Fonden increased its stake in shares of Autodesk by 7.9% during the third quarter. Forsta AP Fonden now owns 51,600 shares of the software company’s stock worth $14,215,000 after purchasing an additional 3,800 shares in the last quarter. Finally, Primecap Management Co. CA raised its position in shares of Autodesk by 8.2% during the 2nd quarter. Primecap Management Co. CA now owns 655,900 shares of the software company’s stock worth $162,302,000 after purchasing an additional 49,500 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Trading Up 1.0 %

ADSK opened at $286.57 on Friday. The stock has a market capitalization of $61.61 billion, a PE ratio of 58.60, a P/E/G ratio of 3.67 and a beta of 1.48. Autodesk, Inc. has a one year low of $192.01 and a one year high of $294.13. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The business’s 50 day moving average price is $271.79 and its 200 day moving average price is $245.24.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.00 by $0.15. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.12 EPS. As a group, equities research analysts expect that Autodesk, Inc. will post 5.73 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on ADSK. KeyCorp reiterated an “overweight” rating and issued a $305.00 price objective on shares of Autodesk in a report on Monday, August 26th. DA Davidson initiated coverage on Autodesk in a research report on Friday, September 27th. They issued a “neutral” rating and a $260.00 target price on the stock. Citigroup set a $325.00 price target on Autodesk and gave the stock a “buy” rating in a research report on Friday, October 18th. HSBC upgraded Autodesk from a “hold” rating to a “buy” rating and raised their price objective for the company from $242.00 to $299.00 in a report on Tuesday, September 3rd. Finally, Hsbc Global Res raised shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average price target of $292.95.

Insider Buying and Selling at Autodesk

In related news, 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 completion of the transaction, the director now owns 31,899 shares of the company’s stock, valued at approximately $7,916,693.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, 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 sale, the chief operating officer now owns 17,099 shares in the company, valued at approximately $4,616,730. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $248.18, for a total value of $136,499.00. Following the transaction, the director now directly owns 31,899 shares in the company, valued at approximately $7,916,693.82. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,280 shares of company stock worth $5,200,929 over the last three months. Insiders own 0.14% of the company’s stock.

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.