H&H Retirement Design & Management INC Sells 270 Shares of Autodesk, Inc. (NASDAQ:ADSK)

H&H Retirement Design & Management INC cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 14.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,593 shares of the software company’s stock after selling 270 shares during the quarter. H&H Retirement Design & Management INC’s holdings in Autodesk were worth $391,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ables Iannone Moore & Associates Inc. purchased a new stake in shares of Autodesk during the 4th quarter valued at approximately $25,000. Concord Wealth Partners bought a new position in shares of Autodesk in the first quarter worth $25,000. New Covenant Trust Company N.A. purchased a new position in shares of Autodesk in the first quarter valued at $25,000. LRI Investments LLC bought a new stake in shares of Autodesk during the 1st quarter valued at $26,000. Finally, Olistico Wealth LLC purchased a new stake in Autodesk during the 2nd quarter worth about $26,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Trading Down 0.9 %

Shares of Autodesk stock traded down $2.15 on Thursday, hitting $249.91. The stock had a trading volume of 796,926 shares, compared to its average volume of 1,651,363. 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, Inc. has a one year low of $192.01 and a one year high of $279.53. The stock has a market cap of $53.86 billion, a price-to-earnings ratio of 54.09, a PEG ratio of 3.23 and a beta of 1.48. The stock’s 50-day simple moving average is $243.99 and its two-hundred day simple moving average is $239.48.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) 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 analysts’ expectations 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 last year, the business earned $1.55 earnings per share. As a group, sell-side analysts predict that Autodesk, Inc. will post 5.55 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on ADSK shares. Barclays lowered their price target on shares of Autodesk from $310.00 to $275.00 and set an “overweight” rating on the stock in a report on Wednesday, June 12th. StockNews.com lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. Bank of America lowered their price objective on Autodesk from $300.00 to $260.00 and set a “neutral” rating on the stock in a research report on Monday, June 3rd. Stifel Nicolaus dropped their price objective on shares of Autodesk from $316.00 to $290.00 and set a “buy” rating for the company in a report on Thursday, May 23rd. Finally, Mizuho reduced 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. One 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, the company currently has an average rating of “Hold” and a consensus price target of $262.42.

Insider Activity at Autodesk

In related news, COO Steven M. Blum sold 17,413 shares of Autodesk stock in a transaction on Friday, June 14th. The shares were sold at an average price of $226.40, for a total value of $3,942,303.20. Following the sale, the chief operating officer now owns 54,136 shares in the company, valued at $12,256,390.40. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Autodesk news, COO Steven M. Blum sold 17,413 shares of the firm’s stock in a transaction on Friday, June 14th. The stock was sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the completion of the transaction, the chief operating officer now owns 54,136 shares of the company’s stock, valued at $12,256,390.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Steven M. Blum sold 19,693 shares of the firm’s stock in a transaction 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 transaction, the chief operating officer now directly owns 34,443 shares of the company’s stock, valued at approximately $8,610,750. The disclosure for this sale can be found here. Insiders have sold a total of 39,931 shares of company stock worth $9,537,781 over the last quarter. Corporate insiders own 0.14% of the company’s stock.

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.