Grandfield & Dodd LLC Raises Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Grandfield & Dodd LLC boosted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 0.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 139,362 shares of the software company’s stock after purchasing an additional 419 shares during the period. Autodesk comprises 2.3% of Grandfield & Dodd LLC’s investment portfolio, making the stock its 13th largest position. Grandfield & Dodd LLC’s holdings in Autodesk were worth $36,293,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of ADSK. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Autodesk in the fourth quarter worth about $25,000. Concord Wealth Partners bought a new stake in shares of Autodesk in the 1st quarter worth approximately $25,000. Bfsg LLC purchased a new position in shares of Autodesk during the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. purchased a new stake in shares of Autodesk in the 4th quarter worth about $28,000. Finally, Private Wealth Management Group LLC bought a new stake in shares of Autodesk during the 4th quarter valued at about $31,000. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on ADSK shares. Rosenblatt Securities reissued a “buy” rating and issued a $290.00 price target on shares of Autodesk in a research note on Wednesday, June 12th. KeyCorp lowered their target price on Autodesk from $320.00 to $305.00 and set an “overweight” rating for the company in a research note on Monday, May 20th. BMO Capital Markets reduced their price target on Autodesk from $293.00 to $254.00 and set a “market perform” rating on the stock in a research note on Wednesday, June 12th. Mizuho decreased their price objective on Autodesk from $270.00 to $230.00 and set a “neutral” rating for the company in a report on Tuesday, June 4th. Finally, Morgan Stanley restated an “equal weight” rating and set a $255.00 target price on shares of Autodesk in a report on Wednesday, June 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $262.42.

Insider Buying and Selling at Autodesk

In other news, COO Steven M. Blum sold 17,413 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $226.40, for a total value of $3,942,303.20. Following the transaction, the chief operating officer now owns 54,136 shares of the company’s stock, valued at $12,256,390.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, COO Steven M. Blum sold 19,693 shares of Autodesk stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $250.00, for a total transaction of $4,923,250.00. Following the sale, the chief operating officer now owns 34,443 shares in the company, valued at $8,610,750. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, COO Steven M. Blum sold 17,413 shares of the business’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the completion of the transaction, the chief operating officer now directly owns 54,136 shares in the company, valued at approximately $12,256,390.40. The disclosure for this sale can be found here. Insiders sold a total of 38,831 shares of company stock worth $9,261,951 in the last three months. 0.14% of the stock is currently owned by company insiders.

Autodesk Stock Up 0.7 %

Shares of ADSK traded up $1.72 on Thursday, hitting $248.77. 1,267,841 shares of the stock traded hands, compared to its average volume of 1,757,146. The company has a market capitalization of $53.61 billion, a PE ratio of 53.85, a P/E/G ratio of 3.31 and a beta of 1.48. Autodesk, Inc. has a one year low of $192.01 and a one year high of $279.53. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. The business has a 50 day simple moving average of $226.87 and a 200 day simple moving average of $239.55.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, June 11th. The software company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.10. The business had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.39 billion. Autodesk had a return on equity of 65.46% and a net margin of 17.66%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.55 EPS. As a group, equities analysts forecast that Autodesk, Inc. will post 5.55 earnings per share for the current fiscal year.

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.