Snider Financial Group Has $4.08 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Snider Financial Group decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 26.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,818 shares of the software company’s stock after selling 5,314 shares during the period. Autodesk accounts for approximately 1.5% of Snider Financial Group’s portfolio, making the stock its 22nd biggest position. Snider Financial Group’s holdings in Autodesk were worth $4,082,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADSK. New Covenant Trust Company N.A. bought a new position in shares of Autodesk during the 1st quarter valued at $25,000. LRI Investments LLC bought a new position in Autodesk during the first quarter valued at about $26,000. Olistico Wealth LLC acquired a new stake in shares of Autodesk in the second quarter worth about $26,000. Pacifica Partners Inc. lifted its position in shares of Autodesk by 83.3% in the second quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock worth $27,000 after buying an additional 50 shares during the last quarter. Finally, Livelsberger Financial Advisory bought a new stake in shares of Autodesk during the 3rd quarter worth about $27,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ADSK. HSBC raised Autodesk from a “hold” rating to a “buy” rating and raised their price objective for the company from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Morgan Stanley reaffirmed an “overweight” rating and set a $320.00 price objective on shares of Autodesk in a report on Monday, September 30th. The Goldman Sachs Group upgraded shares of Autodesk from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $225.00 to $295.00 in a report on Tuesday, September 3rd. Bank of America boosted their target price on shares of Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Finally, BMO Capital Markets raised their price target on Autodesk from $254.00 to $287.00 and gave the company a “market perform” rating in a research report on Friday, August 30th. Eight analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $292.95.

Insider Activity

In related news, COO Steven M. Blum sold 17,344 shares of the firm’s stock in a transaction that occurred 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 owns 17,099 shares in the company, valued at $4,616,730. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Autodesk news, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the transaction, the chief accounting officer now directly owns 4,879 shares in the company, valued at $1,340,944.36. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Steven M. Blum sold 17,344 shares of the firm’s stock in a transaction that occurred 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 sale, 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 18,730 shares of company stock worth $5,064,430. Company insiders own 0.14% of the company’s stock.

Autodesk Trading Up 1.1 %

Shares of Autodesk stock opened at $313.14 on Thursday. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $315.73. The firm has a market capitalization of $67.33 billion, a PE ratio of 64.04, a price-to-earnings-growth ratio of 3.93 and a beta of 1.47. 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 company’s fifty day moving average price is $279.25 and its two-hundred day moving average price is $250.27.

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