STF Management LP Sells 152 Shares of Autodesk, Inc. (NASDAQ:ADSK)

STF Management LP lowered its stake in Autodesk, Inc. (NASDAQ:ADSK) by 4.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,411 shares of the software company’s stock after selling 152 shares during the quarter. STF Management LP’s holdings in Autodesk were worth $844,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. New Covenant Trust Company N.A. bought a new position in shares of Autodesk in the first quarter worth about $25,000. Concord Wealth Partners bought a new position in shares of Autodesk in the first quarter worth about $25,000. LRI Investments LLC bought a new position in shares of Autodesk in the first quarter worth about $26,000. Ables Iannone Moore & Associates Inc. bought a new position in shares of Autodesk in the fourth quarter worth about $25,000. Finally, Olistico Wealth LLC bought a new position in shares of Autodesk in the second quarter worth about $26,000. Institutional investors own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $253.33, for a total transaction of $139,331.50. Following the completion of the sale, the director now owns 31,016 shares of the company’s stock, valued at approximately $7,857,283.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $253.33, for a total transaction of $139,331.50. Following the completion of the sale, the director now owns 31,016 shares of the company’s stock, valued at approximately $7,857,283.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Steven M. Blum sold 19,693 shares of Autodesk stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 34,443 shares of the company’s stock, valued at approximately $8,610,750. The disclosure for this sale can be found here. Insiders sold a total of 38,762 shares of company stock valued at $10,046,302 in the last quarter. 0.14% of the stock is currently owned by company insiders.

Autodesk Stock Performance

Shares of ADSK stock opened at $267.73 on Tuesday. The company has a market cap of $57.70 billion, a price-to-earnings ratio of 57.95, a price-to-earnings-growth ratio of 3.29 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 quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average of $248.76 and a 200-day moving average of $239.16.

Autodesk (NASDAQ:ADSK) last announced 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. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.12 EPS. On average, equities analysts forecast that Autodesk, Inc. will post 5.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Oppenheimer increased their target price on shares of Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Berenberg Bank raised their price objective on shares of Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a report on Friday, August 30th. Citigroup raised their price objective on shares of Autodesk from $316.00 to $325.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. Barclays raised their price objective on shares of Autodesk from $275.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, August 30th. Finally, Robert W. Baird dropped their price objective on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a report on Wednesday, May 29th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus price target of $292.17.

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.