Fluent Financial LLC Has $380,000 Stake in Autodesk, Inc. (NASDAQ:ADSK)

Fluent Financial LLC grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 67.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,534 shares of the software company’s stock after buying an additional 617 shares during the period. Fluent Financial LLC’s holdings in Autodesk were worth $380,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust lifted its holdings in Autodesk by 10.6% during the 2nd quarter. Parkside Financial Bank & Trust now owns 534 shares of the software company’s stock worth $132,000 after purchasing an additional 51 shares during the last quarter. Arizona State Retirement System lifted its holdings in Autodesk by 1.0% during the 2nd quarter. Arizona State Retirement System now owns 62,015 shares of the software company’s stock worth $15,346,000 after purchasing an additional 628 shares during the last quarter. VELA Investment Management LLC lifted its holdings in Autodesk by 155.9% during the 2nd quarter. VELA Investment Management LLC now owns 9,885 shares of the software company’s stock worth $2,446,000 after purchasing an additional 6,022 shares during the last quarter. ANTIPODES PARTNERS Ltd acquired a new stake in Autodesk during the 2nd quarter worth approximately $36,000. Finally, National Bank of Canada FI lifted its holdings in Autodesk by 126.5% during the 2nd quarter. National Bank of Canada FI now owns 536,868 shares of the software company’s stock worth $131,976,000 after purchasing an additional 299,811 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on ADSK shares. Robert W. Baird dropped their price target on Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a report on Wednesday, May 29th. HSBC upgraded Autodesk from a “hold” rating to a “buy” rating and raised their price objective for the stock from $242.00 to $299.00 in a research note on Tuesday. Piper Sandler raised their price objective on Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. Citigroup raised their price objective on Autodesk from $316.00 to $325.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, Hsbc Global Res upgraded Autodesk to a “strong-buy” rating in a research note on Tuesday. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $292.17.

Autodesk Price Performance

ADSK stock traded down $0.27 during midday trading on Friday, reaching $251.50. 247,303 shares of the stock were exchanged, compared to its average volume of 1,654,298. The stock has a market capitalization of $54.20 billion, a PE ratio of 54.50, a P/E/G ratio of 3.45 and a beta of 1.48. Autodesk, Inc. has a 52 week low of $192.01 and a 52 week high of $279.53. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69. The company has a fifty day moving average price of $247.07 and a 200 day moving average price of $239.27.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a return on equity of 64.61% and a net margin of 18.21%. Autodesk’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.12 EPS. As a group, analysts expect that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $235.00, for a total transaction of $129,250.00. Following the transaction, the director now directly owns 31,566 shares of the company’s stock, valued at approximately $7,418,010. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Autodesk news, Director Mary T. Mcdowell sold 1,100 shares of Autodesk stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $226.21, for a total transaction of $248,831.00. Following the transaction, the director now directly owns 32,116 shares of the company’s stock, valued at approximately $7,264,960.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $235.00, for a total value of $129,250.00. Following the completion of the transaction, the director now directly owns 31,566 shares in the company, valued at $7,418,010. The disclosure for this sale can be found here. Insiders have sold 57,275 shares of company stock worth $14,220,661 in the last 90 days. Insiders own 0.14% of the company’s stock.

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.