Crescent Grove Advisors LLC cut its holdings in Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 21.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 870 shares of the software company’s stock after selling 241 shares during the period. Crescent Grove Advisors LLC’s holdings in Autodesk were worth $215,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of ADSK. New Covenant Trust Company N.A. bought a new stake in Autodesk during the 1st quarter worth approximately $25,000. Concord Wealth Partners bought a new stake in shares of Autodesk during the 1st quarter valued at $25,000. LRI Investments LLC purchased a new position in shares of Autodesk during the 1st quarter valued at $26,000. Ables Iannone Moore & Associates Inc. bought a new position in Autodesk in the 4th quarter worth $25,000. Finally, Olistico Wealth LLC purchased a new stake in Autodesk in the 2nd quarter worth $26,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.
Insider Buying and Selling at Autodesk
In other Autodesk news, Director Mary T. Mcdowell sold 1,100 shares of the stock in a transaction on Friday, June 14th. The stock was sold at an average price of $226.21, for a total value of $248,831.00. Following the sale, the director now owns 32,116 shares in the company, valued at $7,264,960.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Autodesk news, Director Mary T. Mcdowell sold 1,100 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.21, for a total value of $248,831.00. Following the completion of the sale, the director now directly owns 32,116 shares of the company’s stock, valued at approximately $7,264,960.36. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mary T. Mcdowell sold 550 shares of the firm’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 transaction, the director now directly owns 31,566 shares in the company, valued at $7,418,010. The disclosure for this sale can be found here. Insiders sold 39,931 shares of company stock worth $9,537,781 over the last 90 days. Company insiders own 0.14% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Research Report on Autodesk
Autodesk Trading Up 0.8 %
NASDAQ:ADSK traded up $1.93 during midday trading on Wednesday, hitting $252.06. 1,055,931 shares of the company traded hands, compared to its average volume of 1,656,670. The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.06. The firm’s fifty day moving average is $243.45 and its 200-day moving average is $239.41. The firm has a market capitalization of $54.32 billion, a P/E ratio of 54.56, a P/E/G ratio of 3.23 and a beta of 1.48. Autodesk, Inc. has a 12-month low of $192.01 and a 12-month high of $279.53.
Autodesk (NASDAQ:ADSK – Get Free Report) last released 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 during the quarter, compared to analyst estimates 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 EPS. On average, sell-side analysts predict that Autodesk, Inc. will post 5.55 EPS for the current year.
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.
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