First Long Island Investors LLC Has $245,000 Holdings in Autodesk, Inc. (NASDAQ:ADSK)

First Long Island Investors LLC lessened its position in Autodesk, Inc. (NASDAQ:ADSK) by 97.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 888 shares of the software company’s stock after selling 35,652 shares during the quarter. First Long Island Investors LLC’s holdings in Autodesk were worth $245,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADSK. Empowered Funds LLC increased its stake in shares of Autodesk by 26.0% in the third quarter. Empowered Funds LLC now owns 4,743 shares of the software company’s stock worth $1,307,000 after purchasing an additional 979 shares during the period. Empirical Finance LLC increased its position in Autodesk by 2.1% in the 3rd quarter. Empirical Finance LLC now owns 7,394 shares of the software company’s stock worth $2,037,000 after buying an additional 153 shares during the period. CIBC Asset Management Inc lifted its holdings in shares of Autodesk by 6.1% during the third quarter. CIBC Asset Management Inc now owns 66,819 shares of the software company’s stock worth $18,407,000 after buying an additional 3,843 shares during the last quarter. Tokio Marine Asset Management Co. Ltd. lifted its holdings in shares of Autodesk by 2.0% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,050 shares of the software company’s stock worth $1,667,000 after buying an additional 118 shares during the last quarter. Finally, Curi RMB Capital LLC boosted its position in shares of Autodesk by 3.8% in the third quarter. Curi RMB Capital LLC now owns 1,625 shares of the software company’s stock valued at $448,000 after acquiring an additional 59 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Down 2.4 %

ADSK stock opened at $299.15 on Friday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $315.73. The company has a market cap of $64.32 billion, a P/E ratio of 61.18, a PEG ratio of 4.00 and a beta of 1.47. The business has a fifty day moving average of $281.32 and a 200-day moving average of $251.23.

Autodesk (NASDAQ:ADSK) last released 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 company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period in the prior year, the company posted $1.12 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. As a group, equities research analysts expect that Autodesk, Inc. will post 5.73 EPS for the current year.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the transaction, the director now owns 30,249 shares of the company’s stock, valued at $9,227,759.94. The trade was a 1.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the sale, the chief accounting officer now directly owns 4,879 shares in the company, valued at $1,340,944.36. The trade was a 5.54 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,280 shares of company stock valued at $5,232,213. 0.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ADSK has been the topic of several research reports. The Goldman Sachs Group upgraded shares of Autodesk from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $225.00 to $295.00 in a report on Tuesday, September 3rd. Stifel Nicolaus upped their price target on Autodesk from $320.00 to $340.00 and gave the company a “buy” rating in a report on Friday. Mizuho set a $260.00 price objective on Autodesk in a report on Friday, October 18th. HSBC raised Autodesk from a “hold” rating to a “buy” rating and raised their target price for the stock from $242.00 to $299.00 in a research report on Tuesday, September 3rd. Finally, Royal Bank of Canada boosted their price target on shares of Autodesk from $290.00 to $313.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $296.20.

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.