Curated Wealth Partners LLC Increases Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Curated Wealth Partners LLC boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 16.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,347 shares of the software company’s stock after purchasing an additional 193 shares during the period. Curated Wealth Partners LLC’s holdings in Autodesk were worth $276,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Armstrong Henry H Associates Inc. lifted its position in shares of Autodesk by 1.0% during the 2nd quarter. Armstrong Henry H Associates Inc. now owns 5,370 shares of the software company’s stock valued at $1,099,000 after buying an additional 55 shares in the last quarter. First Affirmative Financial Network lifted its position in shares of Autodesk by 48.0% during the 2nd quarter. First Affirmative Financial Network now owns 1,550 shares of the software company’s stock valued at $317,000 after buying an additional 503 shares in the last quarter. ARK Investment Management LLC lifted its position in shares of Autodesk by 3.3% during the 2nd quarter. ARK Investment Management LLC now owns 32,607 shares of the software company’s stock valued at $6,672,000 after buying an additional 1,027 shares in the last quarter. AE Wealth Management LLC lifted its position in shares of Autodesk by 30.6% during the 2nd quarter. AE Wealth Management LLC now owns 19,715 shares of the software company’s stock valued at $4,034,000 after buying an additional 4,620 shares in the last quarter. Finally, Appleton Partners Inc. MA lifted its position in shares of Autodesk by 53.2% during the 2nd quarter. Appleton Partners Inc. MA now owns 7,817 shares of the software company’s stock valued at $1,599,000 after buying an additional 2,714 shares in the last quarter. 87.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on ADSK shares. StockNews.com cut Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Monday, September 11th. Robert W. Baird boosted their price target on Autodesk from $230.00 to $239.00 and gave the stock an “outperform” rating in a report on Monday, August 14th. Rosenblatt Securities boosted their price target on Autodesk from $235.00 to $253.00 in a report on Thursday, August 24th. Berenberg Bank lowered their price target on Autodesk from $230.00 to $228.00 and set a “buy” rating on the stock in a report on Thursday, August 24th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $260.00 price target on shares of Autodesk in a report on Friday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $236.28.

Autodesk Stock Performance

NASDAQ ADSK opened at $213.35 on Friday. The company has a market cap of $45.61 billion, a P/E ratio of 52.81, a P/E/G ratio of 2.87 and a beta of 1.49. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.73 and a current ratio of 0.73. The business’s 50 day moving average price is $211.64 and its 200-day moving average price is $204.38. Autodesk, Inc. has a fifty-two week low of $179.61 and a fifty-two week high of $233.69.

Autodesk (NASDAQ:ADSK) last released its earnings results on Wednesday, August 23rd. The software company reported $1.91 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.18. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.32 billion. Autodesk had a return on equity of 90.61% and a net margin of 16.77%. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.04 EPS. Sell-side analysts predict that Autodesk, Inc. will post 4.68 earnings per share for the current year.

Insider Activity

In other news, Director Mary T. Mcdowell sold 4,656 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $222.04, for a total transaction of $1,033,818.24. Following the transaction, the director now owns 42,916 shares of the company’s stock, valued at approximately $9,529,068.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Autodesk news, EVP Rebecca Pearce sold 115 shares of the company’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $220.00, for a total value of $25,300.00. Following the transaction, the executive vice president now owns 22,857 shares of the company’s stock, valued at approximately $5,028,540. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Mary T. Mcdowell sold 4,656 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $222.04, for a total value of $1,033,818.24. Following the completion of the transaction, the director now directly owns 42,916 shares in the company, valued at approximately $9,529,068.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 27,707 shares of company stock valued at $6,139,461. 0.14% of the stock is currently owned by 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.