Tortoise Capital Advisors L.L.C. trimmed its stake in Autodesk, Inc. (NASDAQ:ADSK – Free Report) 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.
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.
Check Out Our Latest Analysis on Autodesk
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.
Read More
- Five stocks we like better than Autodesk
- What Are Dividends? Buy the Best Dividend Stocks
- Is Merck Stock Undervalued After Its Colossal Earnings Growth?
- The 3 Best Blue-Chip Stocks to Buy Now
- Top 5 ETFs for Every Investor: From Semiconductors to Defense
- High Dividend REITs: Are They an Ideal Way to Diversify?
- Blade Air Mobility: This Under-the-Radar Stock Could Double Soon
Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.