Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Pursue Wealth Partners LLC

Pursue Wealth Partners LLC grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 70.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,958 shares of the software company’s stock after buying an additional 806 shares during the period. Pursue Wealth Partners LLC’s holdings in Autodesk were worth $539,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. New Covenant Trust Company N.A. acquired a new stake in Autodesk in the 1st quarter valued at approximately $25,000. LRI Investments LLC purchased a new stake in Autodesk during the first quarter worth about $26,000. Olistico Wealth LLC acquired a new stake in shares of Autodesk during the second quarter worth about $26,000. Pacifica Partners Inc. lifted its position in shares of Autodesk by 83.3% during the second quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock worth $27,000 after purchasing an additional 50 shares in the last quarter. Finally, Livelsberger Financial Advisory purchased a new position in shares of Autodesk in the third quarter valued at approximately $27,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ADSK. Rosenblatt Securities boosted their price objective on Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Wells Fargo & Company assumed coverage on shares of Autodesk in a research report on Wednesday, October 16th. They set an “overweight” rating and a $340.00 price objective for the company. The Goldman Sachs Group raised Autodesk from a “sell” rating to a “neutral” rating and increased their target price for the company from $225.00 to $295.00 in a report on Tuesday, September 3rd. HSBC raised Autodesk from a “hold” rating to a “buy” rating and lifted their price target for the stock from $242.00 to $299.00 in a report on Tuesday, September 3rd. Finally, KeyCorp reiterated an “overweight” rating and issued a $305.00 price objective on shares of Autodesk in a research note on Monday, August 26th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $292.95.

Autodesk Price Performance

ADSK opened at $283.77 on Friday. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $294.13. The company has a 50 day moving average of $271.16 and a two-hundred day moving average of $244.84. The company has a market cap of $61.01 billion, a P/E ratio of 58.04, a P/E/G ratio of 3.67 and a beta of 1.48. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80.

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

Insider Buying and Selling at Autodesk

In related news, CAO Stephen W. Hope sold 286 shares of the company’s stock in a transaction on Monday, September 30th. The shares were 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 represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CAO Stephen W. Hope sold 286 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the transaction, the chief accounting officer now owns 4,879 shares in the company, valued at approximately $1,340,944.36. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $248.18, for a total transaction of $136,499.00. Following the completion of the sale, the director now owns 31,899 shares in the company, valued at approximately $7,916,693.82. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 19,280 shares of company stock worth $5,200,929 in the last 90 days. 0.14% of the stock is owned by corporate insiders.

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.