CWA Asset Management Group LLC Makes New $7.45 Million Investment in Autodesk, Inc. (NASDAQ:ADSK)

CWA Asset Management Group LLC purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 27,027 shares of the software company's stock, valued at approximately $7,445,000.

A number of other institutional investors also recently made changes to their positions in the stock. New Covenant Trust Company N.A. acquired a new stake in Autodesk in the first quarter worth approximately $25,000. LRI Investments LLC acquired a new stake in shares of Autodesk in the first quarter valued at $26,000. Livelsberger Financial Advisory bought a new position in Autodesk during the third quarter valued at about $27,000. Concord Wealth Partners acquired a new position in Autodesk during the third quarter worth about $28,000. Finally, Olistico Wealth LLC bought a new stake in Autodesk in the second quarter worth about $26,000. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of research reports. Rosenblatt Securities boosted their target price on shares of Autodesk from $290.00 to $295.00 and gave the stock a "buy" rating in a report on Friday, August 30th. Oppenheimer raised their price objective on Autodesk from $275.00 to $300.00 and gave the stock an "outperform" rating in a research note on Friday, August 30th. KeyCorp reaffirmed an "overweight" rating and set a $305.00 target price on shares of Autodesk in a research report on Monday, August 26th. Barclays increased their price target on Autodesk from $275.00 to $310.00 and gave the company an "overweight" rating in a research report on Friday, August 30th. Finally, Wells Fargo & Company started coverage on Autodesk in a report on Wednesday, October 16th. They set an "overweight" rating and a $340.00 price objective on the stock. Eight investment 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 MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $292.95.

Autodesk Stock Up 0.0 %

Shares of NASDAQ ADSK traded up $0.05 during trading hours on Friday, hitting $305.56. The stock had a trading volume of 968,605 shares, compared to its average volume of 1,238,804. The firm's 50-day moving average price is $275.95 and its two-hundred day moving average price is $248.05. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $307.17. The company has a market capitalization of $65.70 billion, a P/E ratio of 62.49, a P/E/G ratio of 3.84 and a beta of 1.47. 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 (NASDAQ:ADSK - Get Free Report) last posted its earnings results 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 revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.12 earnings per share. Analysts anticipate that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Insider Activity

In related news, CAO Stephen W. Hope sold 286 shares of the business's stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the sale, the chief accounting officer now directly owns 4,879 shares in the company, valued at approximately $1,340,944.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CAO Stephen W. Hope sold 286 shares of Autodesk 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 transaction, the chief accounting officer now owns 4,879 shares in the company, valued at $1,340,944.36. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Mary T. Mcdowell sold 550 shares of the business's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $285.31, for a total transaction of $156,920.50. Following the transaction, the director now directly owns 30,799 shares of the company's stock, valued at approximately $8,787,262.69. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 19,280 shares of company stock valued at $5,200,929. Insiders own 0.14% of the company's stock.

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.