Icon Wealth Advisors LLC Has $804,000 Stake in Autodesk, Inc. (NASDAQ:ADSK)

Icon Wealth Advisors LLC lowered its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,917 shares of the software company’s stock after selling 52 shares during the period. Icon Wealth Advisors LLC’s holdings in Autodesk were worth $804,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADSK. LRI Investments LLC bought a new stake in Autodesk in the first quarter valued at about $26,000. Olistico Wealth LLC bought a new stake in shares of Autodesk in the 2nd quarter valued at approximately $26,000. Pacifica Partners Inc. raised its holdings in shares of Autodesk by 83.3% in the 2nd quarter. Pacifica Partners Inc. now owns 110 shares of the software company’s stock worth $27,000 after buying an additional 50 shares in the last quarter. Livelsberger Financial Advisory bought a new position in shares of Autodesk during the 3rd quarter worth approximately $27,000. Finally, Concord Wealth Partners acquired a new stake in Autodesk in the 3rd quarter valued at $28,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $291.90 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.64 and a current ratio of 0.65. The stock has a 50 day moving average price of $289.93 and a 200 day moving average price of $257.59. The stock has a market capitalization of $62.76 billion, a PE ratio of 57.92, a price-to-earnings-growth ratio of 3.71 and a beta of 1.47. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.33 EPS. Analysts predict that Autodesk, Inc. will post 5.74 earnings per share for the current fiscal year.

Insider Activity

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on 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. The trade was a 1.72 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 286 shares of the company’s 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 completion of the sale, the chief accounting officer now owns 4,879 shares in the company, valued at $1,340,944.36. This represents a 5.54 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,936 shares of company stock valued at $549,333. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ADSK. Oppenheimer boosted their target price on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Morgan Stanley boosted their price target on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Royal Bank of Canada upped their price objective on shares of Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a research note on Friday, August 30th. Bank of America lifted their target price 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. Finally, Stifel Nicolaus increased their price target on Autodesk from $320.00 to $340.00 and gave the stock a “buy” rating in a research report on Friday, November 15th. Nine investment analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $315.10.

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.