Curbstone Financial Management Corp Acquires 200 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Curbstone Financial Management Corp grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,760 shares of the software company’s stock after acquiring an additional 200 shares during the quarter. Curbstone Financial Management Corp’s holdings in Autodesk were worth $1,997,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ADSK. Elequin Securities LLC purchased a new position in Autodesk in the 4th quarter worth approximately $26,000. HHM Wealth Advisors LLC grew its position in Autodesk by 495.2% in the first quarter. HHM Wealth Advisors LLC now owns 125 shares of the software company’s stock worth $26,000 after acquiring an additional 104 shares in the last quarter. Newbridge Financial Services Group Inc. increased its stake in Autodesk by 200.0% in the first quarter. Newbridge Financial Services Group Inc. now owns 150 shares of the software company’s stock valued at $31,000 after acquiring an additional 100 shares during the last quarter. First Manhattan Co. raised its position in Autodesk by 342.9% during the first quarter. First Manhattan Co. now owns 155 shares of the software company’s stock valued at $33,000 after purchasing an additional 120 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC lifted its stake in Autodesk by 140.6% during the first quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the software company’s stock worth $35,000 after purchasing an additional 97 shares during the last quarter. Institutional investors own 87.92% of the company’s stock.

Autodesk Stock Up 0.2 %

ADSK stock traded up $0.35 on Thursday, reaching $212.61. 117,590 shares of the company traded hands, compared to its average volume of 1,419,863. Autodesk, Inc. has a one year low of $179.61 and a one year high of $233.69. The company has a market cap of $45.45 billion, a P/E ratio of 52.54, a price-to-earnings-growth ratio of 2.99 and a beta of 1.49. The firm has a fifty day simple moving average of $210.92 and a 200-day simple moving average of $204.08. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.73 and a quick ratio of 0.72.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Wednesday, August 23rd. The software company reported $1.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.18. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.32 billion. Autodesk had a return on equity of 90.61% and a net margin of 16.77%. Autodesk’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.04 EPS. Research analysts anticipate that Autodesk, Inc. will post 4.67 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Betsy Rafael sold 309 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $203.00, for a total transaction of $62,727.00. Following the completion of the sale, the director now owns 4,781 shares of the company’s stock, valued at $970,543. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Betsy Rafael sold 309 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $203.00, for a total transaction of $62,727.00. Following the sale, the director now directly owns 4,781 shares of the company’s stock, valued at $970,543. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Rebecca Pearce sold 115 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $220.00, for a total transaction of $25,300.00. Following the transaction, the executive vice president now owns 22,857 shares in the company, valued at approximately $5,028,540. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 27,707 shares of company stock valued at $6,139,461. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the company. Piper Sandler reissued an “overweight” rating and set a $240.00 price objective on shares of Autodesk in a report on Thursday, August 24th. BMO Capital Markets lifted their price target on shares of Autodesk from $224.00 to $232.00 and gave the stock a “market perform” rating in a research note on Thursday, August 24th. Oppenheimer restated an “outperform” rating and issued a $250.00 price objective on shares of Autodesk in a report on Thursday, August 24th. Barclays increased their target price on shares of Autodesk from $225.00 to $233.00 and gave the company an “overweight” rating in a report on Thursday, August 24th. Finally, Rosenblatt Securities boosted their price target on shares of Autodesk from $235.00 to $253.00 in a research note on Thursday, August 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $236.28.

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.