Autodesk, Inc. (NASDAQ:ADSK) Stock Position Trimmed by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC cut its position in Autodesk, Inc. (NASDAQ:ADSK) by 4.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 104,831 shares of the software company’s stock after selling 5,435 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Autodesk were worth $28,879,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. New Covenant Trust Company N.A. bought a new stake in shares of Autodesk during the 1st quarter worth about $25,000. LRI Investments LLC bought a new stake in shares of Autodesk during the 1st quarter worth about $26,000. Livelsberger Financial Advisory bought a new stake in shares of Autodesk during the 3rd quarter worth about $27,000. Concord Wealth Partners bought a new stake in shares of Autodesk during the 3rd quarter worth about $28,000. Finally, Olistico Wealth LLC bought a new stake in shares of Autodesk during the 2nd quarter worth about $26,000. 90.24% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on ADSK. Rosenblatt Securities boosted their price target on shares of Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Mizuho set a $260.00 price objective on shares of Autodesk in a research note on Friday, October 18th. DA Davidson initiated coverage on shares of Autodesk in a research note on Friday, September 27th. They issued a “neutral” rating and a $260.00 price objective on the stock. Bank of America lifted their price objective on shares of Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Finally, The Goldman Sachs Group raised shares of Autodesk from a “sell” rating to a “neutral” rating and lifted their price objective for the stock from $225.00 to $295.00 in a research note on Tuesday, September 3rd. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $292.95.

Autodesk Price Performance

NASDAQ ADSK opened at $287.62 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $61.84 billion, a PE ratio of 58.82, a price-to-earnings-growth ratio of 3.60 and a beta of 1.47. The company has a 50 day moving average price of $272.41 and a two-hundred day moving average price of $246.11. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $294.13.

Autodesk (NASDAQ:ADSK) last posted its earnings results 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. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same period in the previous year, the company earned $1.12 earnings per share. The company’s revenue was up 11.9% compared to the same quarter last year. As a group, equities analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction 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 transaction, the director now owns 31,899 shares of the company’s stock, valued at approximately $7,916,693.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction 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 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 legal filing with the SEC, which is available through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated 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. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,280 shares of company stock valued at $5,200,929. 0.14% of the stock is owned by company insiders.

Autodesk 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.