1,541 Shares in Autodesk, Inc. (NASDAQ:ADSK) Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,541 shares of the software company’s stock, valued at approximately $315,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Guggenheim Capital LLC grew its holdings in Autodesk by 7.5% during the 1st quarter. Guggenheim Capital LLC now owns 44,668 shares of the software company’s stock valued at $9,298,000 after buying an additional 3,105 shares during the last quarter. Two Sigma Advisers LP grew its holdings in Autodesk by 3.4% during the 1st quarter. Two Sigma Advisers LP now owns 1,067,600 shares of the software company’s stock valued at $222,232,000 after buying an additional 35,100 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Autodesk by 24.2% during the 1st quarter. Tower Research Capital LLC TRC now owns 7,498 shares of the software company’s stock valued at $1,561,000 after buying an additional 1,462 shares during the last quarter. RMB Capital Management LLC acquired a new stake in Autodesk during the 1st quarter valued at $221,000. Finally, Carson Advisory Inc. acquired a new stake in Autodesk during the 2nd quarter valued at $226,000. Institutional investors and hedge funds own 87.92% of the company’s stock.

Insider Activity

In other news, EVP Rebecca Pearce sold 115 shares of Autodesk stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $220.00, for a total transaction of $25,300.00. Following the sale, the executive vice president now owns 22,857 shares of the company’s stock, valued at $5,028,540. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, EVP Rebecca Pearce sold 115 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $220.00, for a total transaction of $25,300.00. Following the sale, the executive vice president now owns 22,857 shares of the company’s stock, valued at $5,028,540. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew Anagnost sold 22,318 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $221.90, for a total value of $4,952,364.20. Following the sale, the chief executive officer now directly owns 99,327 shares in the company, valued at approximately $22,040,661.30. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 29,917 shares of company stock valued at $6,599,720. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on ADSK shares. Robert W. Baird increased their price target on Autodesk from $230.00 to $239.00 and gave the stock an “outperform” rating in a research note on Monday, August 14th. TheStreet lowered Autodesk from a “b-” rating to a “c+” rating in a research note on Tuesday, August 15th. Stifel Nicolaus increased their price target on Autodesk from $240.00 to $245.00 and gave the stock a “buy” rating in a research note on Thursday, August 24th. Piper Sandler reissued an “overweight” rating and set a $240.00 price target on shares of Autodesk in a research note on Thursday, August 24th. Finally, StockNews.com lowered Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Monday, November 6th. Six investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $235.11.

Autodesk Stock Performance

Shares of ADSK stock opened at $217.36 on Wednesday. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 1.89. The business has a 50 day moving average of $207.76 and a two-hundred day moving average of $206.56. Autodesk, Inc. has a 52 week low of $179.61 and a 52 week high of $233.69. The company has a market cap of $46.46 billion, a P/E ratio of 53.80, a PEG ratio of 2.85 and a beta of 1.46.

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

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.