Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Tidal Investments LLC

Tidal Investments LLC raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 1.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,963 shares of the software company’s stock after acquiring an additional 395 shares during the period. Tidal Investments LLC’s holdings in Autodesk were worth $6,501,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ADSK. Ables Iannone Moore & Associates Inc. acquired a new stake in Autodesk in the fourth quarter valued at approximately $25,000. Concord Wealth Partners acquired a new stake in shares of Autodesk during the first quarter worth $25,000. Bfsg LLC acquired a new stake in shares of Autodesk during the fourth quarter worth $27,000. Rakuten Securities Inc. acquired a new stake in shares of Autodesk during the fourth quarter worth $28,000. Finally, Eagle Bay Advisors LLC lifted its stake in shares of Autodesk by 217.1% during the first quarter. Eagle Bay Advisors LLC now owns 111 shares of the software company’s stock worth $29,000 after buying an additional 76 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, COO Steven M. Blum sold 17,413 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the sale, the chief operating officer now directly owns 54,136 shares of the company’s stock, valued at approximately $12,256,390.40. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Autodesk news, COO Steven M. Blum sold 19,693 shares of the 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 sale, the chief operating officer now directly owns 34,443 shares of the company’s stock, valued at approximately $8,610,750. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Steven M. Blum sold 17,413 shares of the stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the completion of the sale, the chief operating officer now directly owns 54,136 shares in the company, valued at $12,256,390.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,381 shares of company stock valued at $9,401,282. Company insiders own 0.14% of the company’s stock.

Autodesk Trading Down 2.6 %

NASDAQ:ADSK traded down $6.32 on Thursday, hitting $241.20. The stock had a trading volume of 295,838 shares, compared to its average volume of 1,685,817. The company has a fifty day moving average price of $234.68 and a two-hundred day moving average price of $240.28. The stock has a market cap of $51.98 billion, a price-to-earnings ratio of 53.58, a PEG ratio of 3.25 and a beta of 1.48. Autodesk, Inc. has a 1-year low of $192.01 and a 1-year high of $279.53. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.06.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.10. The business 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 period in the previous year, the firm earned $1.55 EPS. Equities research analysts expect that Autodesk, Inc. will post 5.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Rosenblatt Securities reissued a “buy” rating and set a $290.00 target price on shares of Autodesk in a report on Wednesday, June 12th. Robert W. Baird reduced their target price on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a report on Wednesday, May 29th. Barclays cut their price objective on shares of Autodesk from $310.00 to $275.00 and set an “overweight” rating for the company in a report on Wednesday, June 12th. Bank of America cut their price objective on shares of Autodesk from $300.00 to $260.00 and set a “neutral” rating for the company in a report on Monday, June 3rd. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $275.00 price objective on shares of Autodesk in a report on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, Autodesk has a consensus rating of “Hold” and a consensus price target of $262.42.

Autodesk 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.