Livelsberger Financial Advisory Takes Position in Autodesk, Inc. (NASDAQ:ADSK)

Livelsberger Financial Advisory acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 99 shares of the software company’s stock, valued at approximately $27,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. TD Asset Management Inc grew its holdings in Autodesk by 13.0% during the first quarter. TD Asset Management Inc now owns 434,407 shares of the software company’s stock valued at $113,128,000 after purchasing an additional 50,027 shares during the period. Leith Wheeler Investment Counsel Ltd. grew its holdings in Autodesk by 10.9% during the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 50,291 shares of the software company’s stock valued at $13,097,000 after purchasing an additional 4,932 shares during the period. Cetera Investment Advisers grew its holdings in Autodesk by 163.4% during the first quarter. Cetera Investment Advisers now owns 61,574 shares of the software company’s stock valued at $16,035,000 after purchasing an additional 38,196 shares during the period. Primecap Management Co. CA grew its holdings in Autodesk by 8.2% during the second quarter. Primecap Management Co. CA now owns 655,900 shares of the software company’s stock valued at $162,302,000 after purchasing an additional 49,500 shares during the period. Finally, O Shaughnessy Asset Management LLC grew its holdings in Autodesk by 57.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 16,646 shares of the software company’s stock valued at $4,335,000 after purchasing an additional 6,044 shares during the period. 90.24% of the stock is owned by institutional investors.

Autodesk Trading Down 1.0 %

Shares of NASDAQ:ADSK traded down $2.82 on Monday, reaching $290.17. 543,463 shares of the company traded hands, compared to its average volume of 1,604,674. The business’s 50-day simple moving average is $264.10 and its 200 day simple moving average is $242.06. Autodesk, Inc. has a 52 week low of $192.01 and a 52 week high of $294.13. The stock has a market capitalization of $62.53 billion, a P/E ratio of 63.07, a price-to-earnings-growth ratio of 3.52 and a beta of 1.48. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. During the same period last year, the firm earned $1.12 earnings per share. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. As a group, equities analysts anticipate that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Bank of America increased their price objective on Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Hsbc Global Res upgraded Autodesk to a “strong-buy” rating in a research report on Tuesday, September 3rd. Morgan Stanley restated an “overweight” rating and set a $320.00 target price on shares of Autodesk in a research report on Monday, September 30th. Mizuho set a $260.00 target price on Autodesk in a research report on Friday. Finally, Oppenheimer increased their target price on Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $292.95.

Insider Activity

In related news, CAO Stephen W. Hope sold 286 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the sale, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at $1,340,944.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO Stephen W. Hope sold 286 shares of the firm’s stock in a transaction dated Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the sale, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at $1,340,944.36. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Steven M. Blum sold 17,344 shares of the firm’s stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the sale, the chief operating officer now directly owns 17,099 shares in the company, valued at $4,616,730. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,280 shares of company stock valued at $5,200,929. 0.14% of the stock is currently owned by insiders.

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.