Stiles Financial Services Inc Increases Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Stiles Financial Services Inc boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 28.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,567 shares of the software company’s stock after acquiring an additional 350 shares during the quarter. Stiles Financial Services Inc’s holdings in Autodesk were worth $432,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Summit Global Investments lifted its stake in shares of Autodesk by 321.0% in the 3rd quarter. Summit Global Investments now owns 3,675 shares of the software company’s stock valued at $1,012,000 after purchasing an additional 2,802 shares in the last quarter. Lifestyle Asset Management Inc. lifted its position in Autodesk by 7.2% during the third quarter. Lifestyle Asset Management Inc. now owns 4,176 shares of the software company’s stock valued at $1,150,000 after buying an additional 279 shares in the last quarter. Principal Financial Group Inc. lifted its position in Autodesk by 12.6% during the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after buying an additional 245,816 shares in the last quarter. Graypoint LLC grew its stake in Autodesk by 12.8% during the third quarter. Graypoint LLC now owns 3,818 shares of the software company’s stock worth $1,052,000 after buying an additional 432 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in shares of Autodesk by 8.1% in the third quarter. Concurrent Investment Advisors LLC now owns 2,578 shares of the software company’s stock worth $710,000 after acquiring an additional 194 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK opened at $305.51 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80. The firm has a market cap of $65.68 billion, a price-to-earnings ratio of 62.48, a PEG ratio of 3.65 and a beta of 1.47. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $306.23. The stock has a 50 day moving average of $274.06 and a 200-day moving average of $247.03.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $2.00 by $0.15. The firm had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a net margin of 18.21% and a return on equity of 59.41%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 earnings per share. As a group, analysts forecast that Autodesk, Inc. will post 5.73 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Rosenblatt Securities upped their price target on shares of Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. DA Davidson assumed coverage on Autodesk in a research report on Friday, September 27th. They issued a “neutral” rating and a $260.00 target price for the company. The Goldman Sachs Group upgraded Autodesk from a “sell” rating to a “neutral” rating and raised their target price for the company from $225.00 to $295.00 in a report on Tuesday, September 3rd. Oppenheimer increased their price objective on shares of Autodesk from $275.00 to $300.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Finally, Bank of America upped their target price on shares of Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Eight analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $292.95.

Insider Transactions at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of $248.18, for a total value of $136,499.00. Following the sale, the director now owns 31,899 shares in the company, valued at approximately $7,916,693.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $248.18, for a total transaction of $136,499.00. Following the completion of the transaction, the director now owns 31,899 shares in the company, valued at approximately $7,916,693.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, COO Steven M. Blum sold 17,344 shares of the business’s stock in a transaction 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 sale, the chief operating officer now directly owns 17,099 shares in the company, valued at $4,616,730. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 19,280 shares of company stock worth $5,200,929. 0.14% of the stock is currently owned by company insiders.

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.