Autodesk, Inc. (NASDAQ:ADSK) Holdings Trimmed by Wisconsin Capital Management LLC

Wisconsin Capital Management LLC reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.3% during the 3rd quarter, Holdings Channel.com reports. The firm owned 15,831 shares of the software company’s stock after selling 546 shares during the period. Autodesk accounts for 2.3% of Wisconsin Capital Management LLC’s investment portfolio, making the stock its 20th biggest position. Wisconsin Capital Management LLC’s holdings in Autodesk were worth $4,361,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. New Covenant Trust Company N.A. purchased a new stake in Autodesk in the 1st quarter worth about $25,000. LRI Investments LLC purchased a new stake in shares of Autodesk in the first quarter worth approximately $26,000. Livelsberger Financial Advisory acquired a new stake in shares of Autodesk during the third quarter worth approximately $27,000. Concord Wealth Partners purchased a new position in Autodesk during the third quarter valued at approximately $28,000. Finally, Olistico Wealth LLC acquired a new position in Autodesk in the 2nd quarter valued at approximately $26,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other Autodesk news, COO Steven M. Blum sold 17,344 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the completion of the transaction, the chief operating officer now directly owns 17,099 shares in the company, valued at $4,616,730. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the transaction, the director now directly owns 31,349 shares in the company, valued at approximately $8,323,159.50. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of the firm’s stock in a transaction on 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 transaction, the chief operating officer now owns 17,099 shares in the company, valued at $4,616,730. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 19,280 shares of company stock valued at $5,200,929. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on ADSK shares. Rosenblatt Securities boosted their price target on shares of Autodesk from $290.00 to $295.00 and gave the company a “buy” rating in a report on Friday, August 30th. Berenberg Bank upped their target price on Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Barclays lifted their price target on Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Stifel Nicolaus raised their price objective on shares of Autodesk from $290.00 to $320.00 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $320.00 target price on shares of Autodesk in a research report on Monday, September 30th. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and an average price target of $292.95.

Autodesk Price Performance

NASDAQ:ADSK opened at $291.79 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The company has a fifty day moving average price of $273.11 and a 200 day moving average price of $246.64. Autodesk, Inc. has a one year low of $195.32 and a one year high of $294.13. The stock has a market cap of $62.73 billion, a P/E ratio of 59.67, a PEG ratio of 3.64 and a beta of 1.47.

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 net margin of 18.21% and a return on equity of 59.41%. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. During the same quarter in the prior year, the company posted $1.12 EPS. The business’s revenue was up 11.9% on a year-over-year basis. Analysts anticipate that Autodesk, Inc. will post 5.73 earnings per share for the current year.

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.