Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Main Street Financial Solutions LLC

Main Street Financial Solutions LLC lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 4.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,418 shares of the software company’s stock after selling 62 shares during the period. Main Street Financial Solutions LLC’s holdings in Autodesk were worth $391,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Marshall Financial Group LLC increased its position in shares of Autodesk by 0.8% during the third quarter. Marshall Financial Group LLC now owns 4,491 shares of the software company’s stock valued at $1,237,000 after acquiring an additional 35 shares during the last quarter. Avitas Wealth Management LLC boosted 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 worth $1,536,000 after purchasing an additional 42 shares during the period. Mesirow Financial Investment Management Inc. increased its holdings in Autodesk by 1.1% in the 2nd quarter. Mesirow Financial Investment Management Inc. now owns 3,875 shares of the software company’s stock valued at $959,000 after purchasing an additional 44 shares during the last quarter. Johnson Investment Counsel Inc. raised its position in Autodesk by 5.1% in the second quarter. Johnson Investment Counsel Inc. now owns 920 shares of the software company’s stock valued at $228,000 after purchasing an additional 45 shares during the period. Finally, First Affirmative Financial Network lifted its stake in 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 in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $265.50, for a total transaction of $146,025.00. Following the transaction, the director now owns 31,349 shares of the company’s stock, valued at $8,323,159.50. This trade represents a 1.72 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Steven M. Blum sold 17,344 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $270.00, for a total value 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 50.36 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 18,730 shares of company stock worth $5,064,430. Insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

NASDAQ ADSK opened at $306.65 on Friday. The company has a fifty day moving average of $279.25 and a two-hundred day moving average of $250.27. The company has a market capitalization of $65.93 billion, a PE ratio of 62.71, a P/E/G ratio of 3.93 and a beta of 1.47. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $315.73. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.64 and a quick ratio of 0.64.

Autodesk (NASDAQ:ADSK) last announced its earnings results 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 firm had revenue of $1.51 billion during 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 business’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 EPS. As a group, analysts expect that Autodesk, Inc. will post 5.73 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ADSK. KeyCorp reiterated an “overweight” rating and issued a $305.00 price objective on shares of Autodesk in a report on Monday, August 26th. Morgan Stanley reissued an “overweight” rating and set a $320.00 price target on shares of Autodesk in a research report on Monday, September 30th. Bank of America raised their price objective on shares of Autodesk from $260.00 to $285.00 and gave the company a “neutral” rating in a research note on Friday, August 30th. Hsbc Global Res raised shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, September 3rd. Finally, Citigroup set a $325.00 price target on shares of Autodesk and gave the company a “buy” rating in a research report on Friday, October 18th. Eight equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $292.95.

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.