Benjamin Edwards Inc. Acquires Shares of 2,954 Autodesk, Inc. (NASDAQ:ADSK)

Benjamin Edwards Inc. acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 2,954 shares of the software company's stock, valued at approximately $814,000.

A number of other hedge funds have also recently bought and sold shares of ADSK. Atom Investors LP purchased a new position in shares of Autodesk in the 3rd quarter worth about $364,000. Aureus Asset Management LLC raised its position in Autodesk by 19.5% in the third quarter. Aureus Asset Management LLC now owns 88,913 shares of the software company's stock worth $24,494,000 after acquiring an additional 14,509 shares during the period. Starboard Value LP purchased a new position in Autodesk in the third quarter valued at about $510,189,000. Paloma Partners Management Co grew its position in shares of Autodesk by 244.6% during the 3rd quarter. Paloma Partners Management Co now owns 5,500 shares of the software company's stock valued at $1,515,000 after acquiring an additional 3,904 shares during the period. Finally, Kestra Investment Management LLC purchased a new stake in shares of Autodesk during the 3rd quarter worth approximately $371,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CAO Stephen W. Hope sold 286 shares of the stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the transaction, the chief accounting officer now directly owns 4,879 shares of the company's stock, valued at $1,340,944.36. This represents a 5.54 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $265.50, for a total value of $146,025.00. Following the sale, the director now directly owns 31,349 shares in the company, valued at approximately $8,323,159.50. The trade was a 1.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,936 shares of company stock worth $549,333. 0.14% of the stock is currently owned by company insiders.

Autodesk Trading Up 0.8 %

Shares of Autodesk stock traded up $2.54 on Friday, hitting $307.71. The stock had a trading volume of 1,377,533 shares, compared to its average volume of 1,673,155. The stock's 50-day simple moving average is $293.16 and its two-hundred day simple moving average is $261.03. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The company has a quick ratio of 0.64, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a market cap of $66.16 billion, a price-to-earnings ratio of 61.05, a PEG ratio of 3.59 and a beta of 1.43.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $0.05. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company's revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.33 EPS. As a group, sell-side analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of analyst reports. Scotiabank began coverage on shares of Autodesk in a report on Monday, November 18th. They set a "sector outperform" rating and a $360.00 target price on the stock. BMO Capital Markets raised their target price on Autodesk from $287.00 to $308.00 and gave the stock a "market perform" rating in a research note on Wednesday, November 27th. Citigroup upped their price target on Autodesk from $358.00 to $361.00 and gave the company a "buy" rating in a research report on Friday, November 29th. Royal Bank of Canada raised their price objective on shares of Autodesk from $290.00 to $313.00 and gave the company an "outperform" rating in a research report on Friday, August 30th. Finally, UBS Group initiated coverage on shares of Autodesk in a report on Monday, December 2nd. They set a "buy" rating and a $350.00 target price on the stock. Ten investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $316.68.

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.