Custom Index Systems LLC Has $349,000 Position in Autodesk, Inc. (NASDAQ:ADSK)

Custom Index Systems LLC grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,268 shares of the software company’s stock after acquiring an additional 54 shares during the period. Custom Index Systems LLC’s holdings in Autodesk were worth $349,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. J.W. Cole Advisors Inc. grew its holdings in Autodesk by 70.9% during the third quarter. J.W. Cole Advisors Inc. now owns 1,521 shares of the software company’s stock worth $419,000 after purchasing an additional 631 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Autodesk by 7.6% in the third quarter. State of Alaska Department of Revenue now owns 25,033 shares of the software company’s stock valued at $6,896,000 after buying an additional 1,770 shares during the last quarter. Goldstein Advisors LLC bought a new position in shares of Autodesk during the 3rd quarter worth approximately $205,000. Frank Rimerman Advisors LLC increased its holdings in shares of Autodesk by 27.0% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 4,605 shares of the software company’s stock worth $1,269,000 after acquiring an additional 979 shares during the last quarter. Finally, GHP Investment Advisors Inc. raised its stake in Autodesk by 234.9% in the 3rd quarter. GHP Investment Advisors Inc. now owns 288 shares of the software company’s stock valued at $79,000 after acquiring an additional 202 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADSK has been the topic of several research reports. Stifel Nicolaus upped their price objective on shares of Autodesk from $290.00 to $320.00 and gave the company a “buy” rating in a report on Friday, August 30th. BMO Capital Markets upped their price target on shares of Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a research note on Friday, August 30th. Rosenblatt Securities raised their price objective on shares of Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. Oppenheimer boosted their price objective on Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Finally, Berenberg Bank increased their target price on Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average price target of $292.95.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total value of $156,920.50. Following the completion of the transaction, the director now owns 30,799 shares of the company’s stock, valued at approximately $8,787,262.69. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $285.31, for a total transaction of $156,920.50. Following the sale, the director now owns 30,799 shares of the company’s stock, valued at approximately $8,787,262.69. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Stephen W. Hope sold 286 shares of the firm’s 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 sale, the chief accounting officer now directly owns 4,879 shares in the company, valued at approximately $1,340,944.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,280 shares of company stock worth $5,200,929 over the last 90 days. Insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

Shares of NASDAQ:ADSK opened at $286.04 on Monday. Autodesk, Inc. has a 1 year low of $192.01 and a 1 year high of $294.13. The stock has a market capitalization of $61.64 billion, a price-to-earnings ratio of 61.91, a price-to-earnings-growth ratio of 3.52 and a beta of 1.48. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The company’s 50 day simple moving average is $268.25 and its 200 day simple moving average is $243.56.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. During the same quarter last year, the business posted $1.12 EPS. The company’s revenue was up 11.9% compared to the same quarter last year. As a group, research analysts predict that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

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.