3,217 Shares in Autodesk, Inc. (NASDAQ:ADSK) Purchased by Atlanta Consulting Group Advisors LLC

Atlanta Consulting Group Advisors LLC bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,217 shares of the software company's stock, valued at approximately $886,000.

Several other institutional investors have also modified their holdings of the business. New Covenant Trust Company N.A. bought a new stake in shares of Autodesk in the 1st quarter worth about $25,000. LRI Investments LLC acquired a new stake in Autodesk during the first quarter valued at approximately $26,000. Livelsberger Financial Advisory bought a new position in Autodesk during the 3rd quarter worth approximately $27,000. Transcendent Capital Group LLC acquired a new stake in shares of Autodesk during the 3rd quarter valued at approximately $28,000. Finally, Concord Wealth Partners bought a new stake in Autodesk during the third quarter valued at $28,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Piper Sandler increased their price objective on shares of Autodesk from $239.00 to $257.00 and gave the stock a "neutral" rating in a research note on Friday, August 30th. KeyCorp reissued an "overweight" rating and issued a $305.00 price target on shares of Autodesk in a report on Monday, August 26th. Royal Bank of Canada boosted their price objective on Autodesk from $290.00 to $313.00 and gave the company an "outperform" rating in a research report on Friday, August 30th. Bank of America increased their target price on Autodesk from $260.00 to $285.00 and gave the stock a "neutral" rating in a research report on Friday, August 30th. Finally, Stifel Nicolaus upped their price target on shares of Autodesk from $320.00 to $340.00 and gave the stock a "buy" rating in a research report on Friday. Eight research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Autodesk has an average rating of "Moderate Buy" and a consensus price target of $296.20.

Autodesk Trading Down 2.4 %

ADSK traded down $7.50 during trading on Friday, reaching $299.15. The company had a trading volume of 2,300,222 shares, compared to its average volume of 1,235,289. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $315.73. The company has a market cap of $64.32 billion, a price-to-earnings ratio of 61.18, a PEG ratio of 3.82 and a beta of 1.47. The firm's 50-day simple moving average is $281.32 and its 200 day simple moving average is $251.50.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $1.48 billion. During the same period in the previous year, the company posted $1.12 EPS. Autodesk's revenue was up 11.9% on a year-over-year basis. Equities research analysts anticipate that Autodesk, Inc. will post 5.73 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Stephen W. Hope sold 286 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the sale, the chief accounting officer now owns 4,879 shares in the company, valued at $1,340,944.36. This represents a 5.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the transaction, the director now directly owns 31,349 shares in the company, valued at approximately $8,323,159.50. This represents a 1.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,280 shares of company stock worth $5,232,213. Insiders own 0.14% of the company's stock.

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.