Earnest Partners LLC Has $9.22 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Earnest Partners LLC lessened its stake in Autodesk, Inc. (NASDAQ:ADSK) by 43.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,416 shares of the software company’s stock after selling 27,605 shares during the quarter. Earnest Partners LLC’s holdings in Autodesk were worth $9,223,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. VisionPoint Advisory Group LLC lifted its position in shares of Autodesk by 21.5% in the fourth quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock worth $58,000 after purchasing an additional 42 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of Autodesk by 3.7% in the fourth quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock worth $306,000 after purchasing an additional 45 shares in the last quarter. Goodman Advisory Group LLC lifted its position in shares of Autodesk by 0.4% in the fourth quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock worth $2,770,000 after purchasing an additional 49 shares in the last quarter. Epic Trust Investment Advisors LLC lifted its position in shares of Autodesk by 3.7% in the fourth quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company’s stock worth $331,000 after purchasing an additional 49 shares in the last quarter. Finally, Beacon Financial Group lifted its position in shares of Autodesk by 4.1% in the fourth quarter. Beacon Financial Group now owns 1,248 shares of the software company’s stock worth $304,000 after purchasing an additional 49 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Up 0.7 %

Shares of ADSK stock traded up $1.72 during trading hours on Monday, hitting $242.58. 723,485 shares of the company were exchanged, compared to its average volume of 1,702,193. The firm has a market cap of $52.28 billion, a P/E ratio of 52.13, a P/E/G ratio of 3.22 and a beta of 1.48. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $279.53. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. The company has a 50 day simple moving average of $233.25 and a two-hundred day simple moving average of $240.21.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, June 11th. The software company reported $1.87 earnings per share for the quarter, topping the consensus estimate of $1.77 by $0.10. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.39 billion. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The business’s revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.55 earnings per share. Equities analysts anticipate that Autodesk, Inc. will post 5.55 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have issued reports on ADSK. Mizuho dropped their price target on shares of Autodesk from $270.00 to $230.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 4th. Barclays decreased their price target on shares of Autodesk from $310.00 to $275.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 12th. Morgan Stanley restated an “equal weight” rating and issued a $255.00 price target on shares of Autodesk in a research note on Wednesday, June 12th. StockNews.com downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. Finally, Stifel Nicolaus decreased their price target 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $262.42.

Insider Buying and Selling

In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the stock in a transaction dated 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 completion of the transaction, the chief operating officer now owns 34,443 shares in the company, valued at $8,610,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, COO Steven M. Blum sold 19,693 shares of the firm’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 value of $4,923,250.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $253.33, for a total transaction of $139,331.50. Following the sale, the director now owns 31,016 shares of the company’s stock, valued at $7,857,283.28. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 39,381 shares of company stock worth $9,401,282. Insiders own 0.14% of the company’s stock.

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.