Ballentine Partners LLC Has $1.80 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Ballentine Partners LLC increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,533 shares of the software company’s stock after acquiring an additional 259 shares during the quarter. Ballentine Partners LLC’s holdings in Autodesk were worth $1,800,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Marshall Financial Group LLC grew its stake in shares of Autodesk by 0.8% in the 3rd quarter. Marshall Financial Group LLC now owns 4,491 shares of the software company’s stock valued at $1,237,000 after buying an additional 35 shares during the period. Mesirow Financial Investment Management Inc. grew its stake in Autodesk by 1.1% in the second quarter. Mesirow Financial Investment Management Inc. now owns 3,875 shares of the software company’s stock valued at $959,000 after acquiring an additional 44 shares during the period. Johnson Investment Counsel Inc. increased its holdings in shares of Autodesk by 5.1% during the second quarter. Johnson Investment Counsel Inc. now owns 920 shares of the software company’s stock valued at $228,000 after acquiring an additional 45 shares in the last quarter. First Affirmative Financial Network raised its position in shares of Autodesk by 2.6% during the third quarter. First Affirmative Financial Network now owns 1,873 shares of the software company’s stock worth $516,000 after purchasing an additional 47 shares during the period. Finally, InTrack Investment Management Inc lifted its holdings in shares of Autodesk by 2.3% in the 2nd quarter. InTrack Investment Management Inc now owns 2,189 shares of the software company’s stock worth $542,000 after purchasing an additional 49 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Barclays upped their price objective on shares of Autodesk from $275.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. HSBC upgraded shares of Autodesk from a “hold” rating to a “buy” rating and upped their target price for the stock from $242.00 to $299.00 in a report on Tuesday, September 3rd. Bank of America lifted their price target on Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Mizuho set a $260.00 target price on Autodesk in a report on Friday, October 18th. Finally, Oppenheimer upped their price target on Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $292.95.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $248.18, for a total value of $136,499.00. Following the completion of the transaction, the director now directly owns 31,899 shares of the company’s stock, valued at $7,916,693.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Autodesk news, CAO Stephen W. Hope sold 286 shares of the stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the sale, the chief accounting officer now directly owns 4,879 shares in the company, valued at $1,340,944.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on 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 directly owns 31,899 shares of the company’s stock, valued at approximately $7,916,693.82. The trade was a 0.00 % 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 valued at $5,200,929 in the last 90 days. 0.14% of the stock is currently owned by company insiders.

Autodesk Stock Performance

NASDAQ:ADSK opened at $286.04 on Friday. Autodesk, Inc. has a 1 year low of $192.01 and a 1 year high of $294.13. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64. The business has a fifty day simple moving average of $267.49 and a two-hundred day simple moving average of $243.28. The company has a market capitalization of $61.64 billion, a P/E ratio of 61.91, a P/E/G ratio of 3.52 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.12 EPS. On average, analysts expect that Autodesk, Inc. will post 5.73 earnings per share for the current 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.