Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Kessler Investment Group LLC

Kessler Investment Group LLC increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 14.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,113 shares of the software company’s stock after purchasing an additional 2,859 shares during the period. Autodesk accounts for approximately 3.3% of Kessler Investment Group LLC’s portfolio, making the stock its 13th largest position. Kessler Investment Group LLC’s holdings in Autodesk were worth $6,367,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Concord Wealth Partners acquired a new stake in Autodesk during the first quarter worth approximately $25,000. New Covenant Trust Company N.A. purchased a new position in shares of Autodesk in the 1st quarter valued at $25,000. LRI Investments LLC acquired a new stake in Autodesk during the 1st quarter worth $26,000. Olistico Wealth LLC purchased a new stake in Autodesk in the second quarter valued at $26,000. Finally, Pacifica Partners Inc. boosted its stake in Autodesk by 83.3% in the second quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock valued at $27,000 after acquiring an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Autodesk stock traded down $1.36 during midday trading on Tuesday, reaching $288.42. The company’s stock had a trading volume of 122,180 shares, compared to its average volume of 1,600,448. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $294.13. The firm has a market capitalization of $62.16 billion, a PE ratio of 62.72, a P/E/G ratio of 3.52 and a beta of 1.48. The stock’s 50 day simple moving average is $265.10 and its 200 day simple moving average is $242.37.

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Rosenblatt Securities lifted their target price on Autodesk from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Friday, August 30th. HSBC upgraded Autodesk from a “hold” rating to a “buy” rating and boosted their price objective for the company from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Morgan Stanley restated an “overweight” rating and set a $320.00 target price on shares of Autodesk in a research report on Monday, September 30th. Royal Bank of Canada lifted their target price on shares of Autodesk from $290.00 to $313.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Finally, Hsbc Global Res upgraded shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $292.95.

Insider Buying and Selling

In related news, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction on Friday, August 30th. The stock was sold at an average price of $270.00, for a total transaction of $4,682,880.00. Following the completion of the transaction, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at approximately $4,616,730. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 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 transaction 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 approximately $4,616,730. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the completion of the sale, the director now directly owns 31,349 shares in the company, valued at $8,323,159.50. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 19,280 shares of company stock worth $5,200,929 in the last quarter. Company insiders own 0.14% of the company’s stock.

About Autodesk

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.