Family Firm Inc. Takes Position in Autodesk, Inc. (NASDAQ:ADSK)

Family Firm Inc. purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 190 shares of the software company’s stock, valued at approximately $47,000.

Other large investors also recently modified their holdings of the company. Manchester Capital Management LLC lifted its stake in shares of Autodesk by 12.2% in the 4th quarter. Manchester Capital Management LLC now owns 1,551 shares of the software company’s stock valued at $378,000 after acquiring an additional 169 shares during the last quarter. TD Asset Management Inc raised its position in Autodesk by 153.0% during the 4th quarter. TD Asset Management Inc now owns 384,380 shares of the software company’s stock worth $93,589,000 after purchasing an additional 232,441 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its position in Autodesk by 58.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock worth $4,297,000 after purchasing an additional 6,481 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in Autodesk by 12.9% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 73,893 shares of the software company’s stock worth $17,991,000 after purchasing an additional 8,456 shares during the last quarter. Finally, Meyer Handelman Co. bought a new position in Autodesk during the 1st quarter worth $903,000. 90.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Thursday, August 15th. The stock was 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Thursday, August 15th. The stock was 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. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Steven M. Blum sold 19,693 shares of Autodesk stock in a transaction dated 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 owns 34,443 shares of the company’s stock, valued at approximately $8,610,750. The disclosure for this sale can be found here. In the last quarter, insiders sold 39,931 shares of company stock worth $9,537,781. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Robert W. Baird lowered their target price on Autodesk from $296.00 to $289.00 and set an “outperform” rating for the company in a research report on Wednesday, May 29th. Rosenblatt Securities reaffirmed a “buy” rating and set a $290.00 target price on shares of Autodesk in a research report on Wednesday, June 12th. Stifel Nicolaus lowered their target price on Autodesk from $316.00 to $290.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Oppenheimer reissued an “outperform” rating and issued a $275.00 price objective on shares of Autodesk in a research report on Tuesday, June 18th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $260.00 price objective on shares of Autodesk in a research report on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $267.00.

Autodesk Stock Performance

Shares of ADSK opened at $255.26 on Friday. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.69 and a quick ratio of 0.69. The stock has a 50-day moving average of $244.57 and a 200-day moving average of $239.40. The company has a market cap of $55.01 billion, a PE ratio of 55.25, a P/E/G ratio of 3.23 and a beta of 1.48. Autodesk, Inc. has a one year low of $192.01 and a one year high of $279.53.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.10. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. Autodesk had a return on equity of 65.46% and a net margin of 17.66%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.55 EPS. On average, equities research analysts predict that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.

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.