Greenup Street Wealth Management LLC Invests $2.62 Million in Autodesk, Inc. (NASDAQ:ADSK)

Greenup Street Wealth Management LLC acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 9,501 shares of the software company’s stock, valued at approximately $2,618,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Global Retirement Partners LLC grew its position in Autodesk by 2.8% during the 3rd quarter. Global Retirement Partners LLC now owns 5,980 shares of the software company’s stock worth $1,647,000 after purchasing an additional 162 shares during the last quarter. Probity Advisors Inc. purchased a new stake in Autodesk during the 3rd quarter worth approximately $226,000. Wolff Wiese Magana LLC grew its position in Autodesk by 3,625.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock worth $41,000 after purchasing an additional 145 shares during the last quarter. Asset Dedication LLC grew its position in Autodesk by 87.9% during the 3rd quarter. Asset Dedication LLC now owns 171 shares of the software company’s stock worth $47,000 after purchasing an additional 80 shares during the last quarter. Finally, BDF Gestion grew its position in Autodesk by 100.0% during the 3rd quarter. BDF Gestion now owns 34,226 shares of the software company’s stock worth $9,429,000 after purchasing an additional 17,113 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

NASDAQ:ADSK opened at $290.57 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The company has a fifty day moving average of $263.05 and a two-hundred day moving average of $241.90. The stock has a market capitalization of $62.62 billion, a PE ratio of 62.89, a P/E/G ratio of 3.52 and a beta of 1.48. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $292.88.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. During the same quarter in the prior 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, research analysts forecast that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total transaction of $156,920.50. Following the completion of the sale, the director now owns 30,799 shares of the company’s stock, valued at $8,787,262.69. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Steven M. Blum sold 17,344 shares of the company’s stock in a transaction dated Friday, August 30th. The shares were 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 owns 17,099 shares of the company’s stock, valued at approximately $4,616,730. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total transaction of $156,920.50. Following the completion of the sale, the director now directly owns 30,799 shares of the company’s stock, valued at $8,787,262.69. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 19,280 shares of company stock valued at $5,200,929 over the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ADSK has been the topic of several research analyst reports. Berenberg Bank boosted their target price on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research report on Friday, August 30th. Citigroup boosted their target price on shares of Autodesk from $316.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. KeyCorp reissued an “overweight” rating and set a $305.00 target price on shares of Autodesk in a research report on Monday, August 26th. Wells Fargo & Company started coverage on shares of Autodesk in a research note on Wednesday. They set an “overweight” rating and a $340.00 price objective for the company. Finally, HSBC upgraded shares of Autodesk from a “hold” rating to a “buy” rating and lifted their price objective for the company from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Eight research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $292.95.

Autodesk 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.