1,564 Shares in Autodesk, Inc. (NASDAQ:ADSK) Bought by Trilogy Capital Inc.

Trilogy Capital Inc. bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,564 shares of the software company’s stock, valued at approximately $407,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ADSK. VisionPoint Advisory Group LLC raised 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 valued at $58,000 after purchasing an additional 42 shares in the last quarter. Bouvel Investment Partners LLC raised its stake in Autodesk by 0.4% during the fourth quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company’s stock valued at $2,864,000 after purchasing an additional 44 shares in the last quarter. Venturi Wealth Management LLC raised its stake in Autodesk by 3.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock valued at $306,000 after purchasing an additional 45 shares in the last quarter. Goodman Advisory Group LLC raised its stake in Autodesk by 0.4% during the fourth quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock valued at $2,770,000 after purchasing an additional 49 shares in the last quarter. Finally, Epic Trust Investment Advisors LLC raised its stake in Autodesk by 3.7% during the fourth quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company’s stock valued at $331,000 after purchasing an additional 49 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

ADSK stock traded up $3.77 during trading on Friday, reaching $247.45. The company had a trading volume of 2,851,358 shares, compared to its average volume of 3,127,276. The firm has a 50-day simple moving average of $221.13 and a 200-day simple moving average of $239.09. The company has a market cap of $53.33 billion, a price-to-earnings ratio of 53.56, a price-to-earnings-growth ratio of 3.31 and a beta of 1.43. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. Autodesk, Inc. has a twelve month low of $192.01 and a twelve month high of $279.53.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, June 11th. The software company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.77 by $0.10. The company had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. Autodesk’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the business earned $1.55 EPS. As a group, sell-side analysts expect that Autodesk, Inc. will post 5.55 earnings per share for the current year.

Insiders Place Their Bets

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $235.00, for a total transaction of $129,250.00. Following the completion of the sale, the director now directly owns 31,566 shares in the company, valued at approximately $7,418,010. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Autodesk news, Director Mary T. Mcdowell sold 1,100 shares of Autodesk stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.21, for a total transaction of $248,831.00. Following the completion of the sale, the director now directly owns 32,116 shares in the company, valued at approximately $7,264,960.36. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $235.00, for a total transaction of $129,250.00. Following the completion of the transaction, the director now owns 31,566 shares of the company’s stock, valued at $7,418,010. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,138 shares of company stock valued at $4,339,111. 0.14% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ADSK. Stifel Nicolaus reduced their target price on shares of Autodesk from $316.00 to $290.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Bank of America reduced their target price on shares of Autodesk from $300.00 to $260.00 and set a “neutral” rating on the stock in a research note on Monday, June 3rd. Morgan Stanley reissued an “equal weight” rating and issued a $255.00 target price on shares of Autodesk in a research note on Wednesday, June 12th. Oppenheimer reissued an “outperform” rating and issued a $275.00 target price on shares of Autodesk in a research note on Tuesday, June 18th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $239.00 price target on shares of Autodesk in a research note on Wednesday, June 12th. One research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $262.42.

About Autodesk

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.