Leelyn Smith LLC Increases Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Leelyn Smith LLC boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,750 shares of the software company’s stock after buying an additional 1,028 shares during the period. Leelyn Smith LLC’s holdings in Autodesk were worth $3,650,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. New Covenant Trust Company N.A. bought a new position in Autodesk in the first quarter valued at $25,000. Concord Wealth Partners bought a new position in shares of Autodesk during the 1st quarter valued at about $25,000. LRI Investments LLC purchased a new position in shares of Autodesk during the 1st quarter valued at about $26,000. Ables Iannone Moore & Associates Inc. bought a new stake in Autodesk in the 4th quarter worth approximately $25,000. Finally, Olistico Wealth LLC purchased a new stake in Autodesk in the second quarter worth approximately $26,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Activity at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $235.00, for a total transaction of $129,250.00. Following the sale, the director now directly owns 31,566 shares of the company’s stock, valued at $7,418,010. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s 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 transaction, the director now directly owns 31,566 shares of the company’s stock, valued at $7,418,010. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of the stock in a transaction that occurred on Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the transaction, the chief operating officer now directly owns 17,099 shares in the company, valued at approximately $4,616,730. The disclosure for this sale can be found here. Over the last three months, insiders sold 38,762 shares of company stock valued at $10,029,527. Insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

NASDAQ:ADSK opened at $263.96 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a 50-day simple moving average of $248.36 and a two-hundred day simple moving average of $239.33. The firm has a market capitalization of $56.75 billion, a PE ratio of 57.13, a P/E/G ratio of 3.29 and a beta of 1.48. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $279.53.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating the consensus estimate of $2.00 by $0.15. The firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The company’s revenue was up 11.9% on a year-over-year basis. During the same period last year, the firm earned $1.12 EPS. Analysts forecast that Autodesk, Inc. will post 5.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Barclays lifted their price objective on Autodesk from $275.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Citigroup raised their price target on shares of Autodesk from $316.00 to $325.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Robert W. Baird dropped 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. Morgan Stanley raised their target price on Autodesk from $305.00 to $320.00 and gave the stock an “overweight” rating in a research note on Friday, August 30th. Finally, The Goldman Sachs Group raised Autodesk from a “sell” rating to a “neutral” rating and upped their price target for the company from $225.00 to $295.00 in a research report on Tuesday, September 3rd. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $292.17.

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.