Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Gilbert & Cook Inc.

Gilbert & Cook Inc. increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 10.5% during the third quarter, Holdings Channel.com reports. The fund owned 1,517 shares of the software company’s stock after buying an additional 144 shares during the period. Gilbert & Cook Inc.’s holdings in Autodesk were worth $418,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of the business. Marshall Financial Group LLC raised its position in shares of Autodesk by 0.8% during 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. Avitas Wealth Management LLC raised its position in shares of Autodesk by 0.8% during the 3rd quarter. Avitas Wealth Management LLC now owns 5,577 shares of the software company’s stock valued at $1,536,000 after buying an additional 42 shares during the period. Mesirow Financial Investment Management Inc. raised its position in shares of Autodesk by 1.1% during the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,875 shares of the software company’s stock valued at $959,000 after buying an additional 44 shares during the period. Johnson Investment Counsel Inc. raised its position in shares of Autodesk by 5.1% during the 2nd quarter. Johnson Investment Counsel Inc. now owns 920 shares of the software company’s stock valued at $228,000 after buying an additional 45 shares during the period. Finally, First Affirmative Financial Network raised its position in shares of Autodesk by 2.6% during the 3rd quarter. First Affirmative Financial Network now owns 1,873 shares of the software company’s stock valued at $516,000 after buying an additional 47 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the sale, the director now directly owns 31,349 shares of the company’s stock, valued at $8,323,159.50. The trade was a 1.72 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the sale, the chief accounting officer now directly owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 19,280 shares of company stock worth $5,232,213. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the topic of several analyst reports. Rosenblatt Securities lifted their price target on shares of Autodesk from $290.00 to $295.00 and gave the company a “buy” rating in a research report on Friday, August 30th. The Goldman Sachs Group upgraded shares of Autodesk from a “sell” rating to a “neutral” rating and lifted their target price for the company from $225.00 to $295.00 in a report on Tuesday, September 3rd. Citigroup set a $325.00 target price on shares of Autodesk and gave the company a “buy” rating in a report on Friday, October 18th. Stifel Nicolaus lifted their target price on shares of Autodesk from $320.00 to $340.00 and gave the company a “buy” rating in a report on Friday. Finally, Piper Sandler lifted their target price on shares of Autodesk from $239.00 to $257.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Eight equities research 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. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $296.20.

Autodesk Stock Performance

Shares of ADSK stock opened at $299.15 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 fifty day moving average price of $281.32 and a 200 day moving average price of $251.50. The company has a market cap of $64.32 billion, a P/E ratio of 61.18, a PEG ratio of 3.82 and a beta of 1.47. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $315.73.

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