Venturi Wealth Management LLC Buys 1,447 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Venturi Wealth Management LLC increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 103.3% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,848 shares of the software company’s stock after acquiring an additional 1,447 shares during the quarter. Venturi Wealth Management LLC’s holdings in Autodesk were worth $785,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADSK. Marshall Financial Group LLC increased its stake in shares of Autodesk by 0.8% in the third quarter. Marshall Financial Group LLC now owns 4,491 shares of the software company’s stock worth $1,237,000 after purchasing an additional 35 shares in the last quarter. Avitas Wealth Management LLC boosted its stake in shares of Autodesk by 0.8% in the third quarter. Avitas Wealth Management LLC now owns 5,577 shares of the software company’s stock worth $1,536,000 after acquiring an additional 42 shares during the period. Mesirow Financial Investment Management Inc. raised its stake in Autodesk by 1.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,875 shares of the software company’s stock valued at $959,000 after purchasing an additional 44 shares during the period. Johnson Investment Counsel Inc. lifted its holdings in Autodesk by 5.1% in the 2nd quarter. Johnson Investment Counsel Inc. now owns 920 shares of the software company’s stock worth $228,000 after purchasing an additional 45 shares in the last quarter. Finally, First Affirmative Financial Network boosted its stake in Autodesk by 2.6% in the 3rd quarter. First Affirmative Financial Network now owns 1,873 shares of the software company’s stock worth $516,000 after purchasing an additional 47 shares during the period. Institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on ADSK. Piper Sandler lifted their price objective on shares of Autodesk from $239.00 to $257.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. HSBC upgraded shares of Autodesk from a “hold” rating to a “buy” rating and boosted their price target for the stock from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $320.00 target price on shares of Autodesk in a report on Monday, September 30th. Mizuho set a $260.00 price target on Autodesk in a report on Friday, October 18th. Finally, Berenberg Bank upped their price objective on Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a report on Friday, August 30th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average price target of $292.95.

Autodesk Stock Up 2.7 %

NASDAQ:ADSK opened at $313.89 on Tuesday. The company has a market cap of $67.49 billion, a price-to-earnings ratio of 64.19, a price-to-earnings-growth ratio of 3.88 and a beta of 1.47. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $314.70. The stock has a fifty day simple moving average of $275.95 and a 200-day simple moving average of $248.50. 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 released its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, topping the consensus estimate of $2.00 by $0.15. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The company had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same period last year, the business posted $1.12 EPS. Autodesk’s quarterly revenue was up 11.9% on a year-over-year basis. Analysts anticipate that Autodesk, Inc. will post 5.73 EPS for the current year.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total value of $136,499.00. Following the transaction, the director now directly owns 31,899 shares in the company, valued at approximately $7,916,693.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $248.18, for a total value of $136,499.00. Following the completion of the sale, the director now directly owns 31,899 shares in the company, valued at $7,916,693.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Stephen W. Hope sold 286 shares of the firm’s stock in a transaction on Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the sale, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at $1,340,944.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,280 shares of company stock valued at $5,200,929. Company insiders own 0.14% of the company’s stock.

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.