Claro Advisors LLC Makes New Investment in Autodesk, Inc. (NASDAQ:ADSK)

Claro Advisors LLC bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the third quarter, Holdings Channel reports. The institutional investor bought 1,405 shares of the software company’s stock, valued at approximately $387,000.

Other large investors also recently modified their holdings of the company. Atlanta Consulting Group Advisors LLC bought a new stake in shares of Autodesk during the 3rd quarter valued at about $886,000. KPP Advisory Services LLC acquired a new position in Autodesk in the third quarter valued at approximately $209,000. Natixis Advisors LLC grew its holdings in shares of Autodesk by 1.9% during the third quarter. Natixis Advisors LLC now owns 512,186 shares of the software company’s stock valued at $141,097,000 after purchasing an additional 9,305 shares during the last quarter. Mizuho Securities USA LLC raised its position in shares of Autodesk by 60.2% during the 3rd quarter. Mizuho Securities USA LLC now owns 26,443 shares of the software company’s stock worth $7,318,000 after purchasing an additional 9,940 shares during the period. Finally, Empowered Funds LLC lifted its holdings in shares of Autodesk by 26.0% in the 3rd quarter. Empowered Funds LLC now owns 4,743 shares of the software company’s stock worth $1,307,000 after purchasing an additional 979 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Autodesk news, COO Steven M. Blum sold 17,344 shares of the firm’s stock in a transaction dated Friday, August 30th. The shares were 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 $4,616,730. This trade represents a 50.36 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $265.50, for a total transaction of $146,025.00. Following the completion of the transaction, the director now directly owns 31,349 shares in the company, valued at approximately $8,323,159.50. This trade represents a 1.72 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,280 shares of company stock worth $5,232,213 in the last three months. 0.14% of the stock is currently owned by insiders.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $302.05 on Tuesday. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $315.73. 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 50-day moving average of $282.25 and a two-hundred day moving average of $252.44. The company has a market capitalization of $64.94 billion, a price-to-earnings ratio of 61.77, a PEG ratio of 3.82 and a beta of 1.47.

Autodesk (NASDAQ:ADSK) last released its earnings results 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 business 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 business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.12 earnings per share. As a group, analysts expect that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ADSK. Stifel Nicolaus upped their price objective on Autodesk from $320.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley restated an “overweight” rating and set a $320.00 price target on shares of Autodesk in a research report on Monday, September 30th. Berenberg Bank lifted their price objective on shares of Autodesk from $286.00 to $299.00 and gave the company a “hold” rating in a research report on Friday, August 30th. Rosenblatt Securities upped their target price 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. Finally, Robert W. Baird raised their price target on shares of Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday. Eight investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $301.19.

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.