Moloney Securities Asset Management LLC Purchases 1,450 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Moloney Securities Asset Management LLC raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 43.1% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 4,818 shares of the software company’s stock after buying an additional 1,450 shares during the period. Moloney Securities Asset Management LLC’s holdings in Autodesk were worth $1,327,000 as of its most recent filing with the SEC.

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

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $291.79 on Wednesday. The stock has a market capitalization of $62.73 billion, a price-to-earnings ratio of 59.67, a PEG ratio of 3.64 and a beta of 1.47. The business has a 50-day moving average of $273.11 and a 200-day moving average of $246.64. 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 fifty-two week low of $195.32 and a fifty-two week high of $294.13.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. Autodesk’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $1.12 EPS. As a group, sell-side analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ADSK. BMO Capital Markets increased their price target on Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a research note on Friday, August 30th. HSBC raised Autodesk from a “hold” rating to a “buy” rating and raised their price objective for the stock from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Royal Bank of Canada raised their price objective on Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Morgan Stanley reaffirmed an “overweight” rating and set a $320.00 price objective on shares of Autodesk in a research note on Monday, September 30th. Finally, Barclays raised their price objective on Autodesk from $275.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $292.95.

Insider Activity

In other news, CAO Stephen W. Hope sold 286 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was 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 owns 4,879 shares in the company, valued at $1,340,944.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Thursday, August 15th. The stock was 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 in the company, valued at approximately $7,916,693.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the transaction, the chief accounting officer now owns 4,879 shares of the company’s stock, valued at $1,340,944.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,280 shares of company stock worth $5,200,929 in the last quarter. Corporate insiders own 0.14% of the company’s stock.

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.