NBC Securities Inc. Acquires Shares of 4,178 Autodesk, Inc. (NASDAQ:ADSK)

NBC Securities Inc. purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,178 shares of the software company’s stock, valued at approximately $864,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Acadian Asset Management LLC boosted its position in shares of Autodesk by 351.2% during the 1st quarter. Acadian Asset Management LLC now owns 3,623 shares of the software company’s stock worth $775,000 after purchasing an additional 2,820 shares during the period. Panagora Asset Management Inc. boosted its position in shares of Autodesk by 71.7% during the 1st quarter. Panagora Asset Management Inc. now owns 4,479 shares of the software company’s stock worth $960,000 after purchasing an additional 1,871 shares during the period. Cetera Investment Advisers boosted its position in shares of Autodesk by 3.6% during the 1st quarter. Cetera Investment Advisers now owns 4,691 shares of the software company’s stock worth $1,006,000 after purchasing an additional 164 shares during the period. Moors & Cabot Inc. purchased a new position in shares of Autodesk during the 1st quarter worth approximately $218,000. Finally, Dakota Wealth Management boosted its position in shares of Autodesk by 18.0% during the 1st quarter. Dakota Wealth Management now owns 1,915 shares of the software company’s stock worth $411,000 after purchasing an additional 292 shares during the period. Institutional investors and hedge funds own 87.92% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. TheStreet raised shares of Autodesk from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Oppenheimer decreased their price target on shares of Autodesk from $250.00 to $240.00 and set an “outperform” rating for the company in a research report on Wednesday, November 22nd. Berenberg Bank raised their price target on shares of Autodesk from $228.50 to $255.00 in a research report on Monday, December 11th. Morgan Stanley decreased their price objective on shares of Autodesk from $245.00 to $235.00 and set an “equal weight” rating for the company in a research report on Wednesday, November 22nd. Finally, Bank Of America (Bofa) lifted their price objective on shares of Autodesk from $235.00 to $240.00 in a research report on Monday, December 11th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $238.40.

Check Out Our Latest Research Report on ADSK

Autodesk Stock Up 0.5 %

Shares of NASDAQ:ADSK traded up $1.32 during midday trading on Friday, hitting $253.07. The stock had a trading volume of 939,916 shares, compared to its average volume of 1,188,695. Autodesk, Inc. has a 12 month low of $188.38 and a 12 month high of $256.48. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.54. The business’s 50-day simple moving average is $232.16 and its 200-day simple moving average is $217.18. The company has a market cap of $54.13 billion, a P/E ratio of 59.24, a PEG ratio of 3.62 and a beta of 1.47.

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

Insider Buying and Selling at Autodesk

In other news, Director Betsy Rafael sold 309 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $198.12, for a total transaction of $61,219.08. Following the transaction, the director now directly owns 3,545 shares of the company’s stock, valued at $702,335.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Autodesk news, Director Stacy J. Smith sold 5,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $228.00, for a total value of $1,140,000.00. Following the completion of the transaction, the director now owns 57,488 shares in the company, valued at approximately $13,107,264. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Betsy Rafael sold 309 shares of Autodesk stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $198.12, for a total value of $61,219.08. Following the completion of the sale, the director now directly owns 3,545 shares of the company’s stock, valued at approximately $702,335.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,224 shares of company stock valued at $7,890,468. 0.14% of the stock is currently owned by company insiders.

Autodesk Profile

(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.

Read More

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSKFree Report).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.