Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Wisconsin Capital Management LLC

Wisconsin Capital Management LLC cut its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 12.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,377 shares of the software company's stock after selling 2,350 shares during the period. Autodesk comprises 2.1% of Wisconsin Capital Management LLC's holdings, making the stock its 23rd largest holding. Wisconsin Capital Management LLC's holdings in Autodesk were worth $4,052,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ADSK. VisionPoint Advisory Group LLC boosted its stake in Autodesk by 21.5% during the fourth quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company's stock worth $58,000 after buying an additional 42 shares during the period. Beacon Financial Group grew its holdings in Autodesk by 4.1% during the 4th quarter. Beacon Financial Group now owns 1,248 shares of the software company's stock valued at $304,000 after purchasing an additional 49 shares during the last quarter. First Affirmative Financial Network raised its position in Autodesk by 2.8% in the 1st quarter. First Affirmative Financial Network now owns 1,802 shares of the software company's stock worth $469,000 after purchasing an additional 49 shares during the period. InTrack Investment Management Inc lifted its stake in Autodesk by 2.3% in the second quarter. InTrack Investment Management Inc now owns 2,189 shares of the software company's stock worth $542,000 after purchasing an additional 49 shares during the last quarter. Finally, Pacifica Partners Inc. boosted 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 valued at $27,000 after buying an additional 50 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Up 0.1 %

Shares of ADSK stock traded up $0.17 during mid-day trading on Monday, hitting $258.40. 4,054,900 shares of the stock traded hands, compared to its average volume of 1,657,586. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $279.53. The stock has a market cap of $55.69 billion, a P/E ratio of 55.93, a P/E/G ratio of 3.45 and a beta of 1.48. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69. The stock's fifty day moving average is $246.36 and its two-hundred day moving average is $239.07.

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, beating analysts' consensus estimates of $2.00 by $0.15. Autodesk had a net margin of 18.21% and a return on equity of 64.61%. The company had revenue of $1.51 billion during the quarter, compared to analysts' expectations of $1.48 billion. During the same quarter in the prior year, the company posted $1.12 earnings per share. Autodesk's revenue for the quarter was up 11.9% compared to the same quarter last year. Equities analysts predict that Autodesk, Inc. will post 5.55 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. KeyCorp reiterated an "overweight" rating and issued a $305.00 price target on shares of Autodesk in a report on Monday, August 26th. Berenberg Bank lifted their target price on Autodesk from $286.00 to $299.00 and gave the stock a "hold" rating in a research report on Friday. Robert W. Baird cut their price target on shares of Autodesk from $296.00 to $289.00 and set an "outperform" rating on the stock in a report on Wednesday, May 29th. Bank of America lifted their price objective on shares of Autodesk from $260.00 to $285.00 and gave the company a "neutral" rating in a report on Friday. Finally, Piper Sandler upped their target price on shares of Autodesk from $239.00 to $257.00 and gave the stock a "neutral" rating in a research note on Friday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $283.33.

Insider Transactions at Autodesk

In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $250.00, for a total value of $4,923,250.00. Following the completion of the sale, the chief operating officer now directly owns 34,443 shares in the company, valued at $8,610,750. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the business's stock in a transaction that occurred on Thursday, July 11th. The shares were sold at an average price of $250.00, for a total transaction of $4,923,250.00. Following the sale, the chief operating officer now owns 34,443 shares of the company's stock, valued at approximately $8,610,750. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Steven M. Blum sold 17,413 shares of the company's stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the transaction, the chief operating officer now owns 54,136 shares in the company, valued at approximately $12,256,390.40. The disclosure for this sale can be found here. Insiders sold 39,931 shares of company stock valued at $9,537,781 in the last quarter. 0.14% of the stock is currently owned by corporate insiders.

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.