Empower Advisory Group LLC Trims Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Empower Advisory Group LLC reduced its stake in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 1.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,543 shares of the software company’s stock after selling 141 shares during the quarter. Empower Advisory Group LLC’s holdings in Autodesk were worth $1,768,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. NBC Securities Inc. purchased a new stake in shares of Autodesk in the third quarter valued at $864,000. Signaturefd LLC lifted its position in Autodesk by 10.3% during the third quarter. Signaturefd LLC now owns 2,224 shares of the software company’s stock worth $460,000 after buying an additional 208 shares during the period. Corient Private Wealth LLC lifted its position in Autodesk by 1.7% during the third quarter. Corient Private Wealth LLC now owns 90,594 shares of the software company’s stock worth $18,747,000 after buying an additional 1,494 shares during the period. STF Management LP lifted its position in Autodesk by 150.8% during the third quarter. STF Management LP now owns 3,478 shares of the software company’s stock worth $720,000 after buying an additional 2,091 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its position in Autodesk by 0.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 65,437 shares of the software company’s stock worth $13,540,000 after buying an additional 548 shares during the period. 87.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ADSK. Mizuho reduced their target price on Autodesk from $220.00 to $200.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 22nd. Berenberg Bank lifted their price objective on Autodesk from $228.50 to $255.00 in a research note on Monday, December 11th. Rosenblatt Securities reissued a “buy” rating and set a $265.00 target price on shares of Autodesk in a research report on Friday. Bank Of America (Bofa) boosted their price objective on shares of Autodesk from $235.00 to $240.00 in a research note on Monday, December 11th. Finally, KeyCorp raised their target price on shares of Autodesk from $260.00 to $265.00 and gave the company an “overweight” rating in a research note on Monday. Eight equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average price target of $238.40.

Get Our Latest Stock Analysis on Autodesk

Autodesk Stock Up 0.5 %

ADSK stock traded up $1.32 during mid-day trading on Friday, hitting $253.07. 939,916 shares of the company were exchanged, compared to its average volume of 1,188,695. The company has a market capitalization of $54.13 billion, a PE ratio of 59.24, a price-to-earnings-growth ratio of 3.62 and a beta of 1.47. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.54. Autodesk, Inc. has a twelve month low of $188.38 and a twelve month high of $256.48. The firm has a fifty day simple moving average of $232.16 and a 200 day simple moving average of $217.18.

Autodesk (NASDAQ:ADSKGet Free Report) last posted its quarterly earnings results on Tuesday, November 21st. The software company reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.08. Autodesk had a net margin of 17.15% and a return on equity of 84.81%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the firm posted $1.03 EPS. The company’s revenue for the quarter was up 10.5% on a year-over-year basis. On average, research analysts forecast that Autodesk, Inc. will post 4.79 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In other Autodesk news, Director Betsy Rafael sold 308 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $218.27, for a total transaction of $67,227.16. Following the sale, the director now directly owns 3,237 shares in the company, valued at approximately $706,539.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Betsy Rafael sold 308 shares of Autodesk stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $218.27, for a total value of $67,227.16. Following the transaction, the director now owns 3,237 shares of the company’s stock, valued at approximately $706,539.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Stacy J. Smith sold 10,000 shares of Autodesk stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $234.00, for a total transaction of $2,340,000.00. Following the completion of the transaction, the director now directly owns 47,488 shares in the company, valued at approximately $11,112,192. The disclosure for this sale can be found here. Insiders have sold a total of 33,224 shares of company stock worth $7,890,468 in the last ninety days. 0.14% of the stock is owned by insiders.

About Autodesk

(Free Report)

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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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