Nadler Financial Group Inc. Takes Position in Autodesk, Inc. (NASDAQ:ADSK)

Nadler Financial Group Inc. bought a new position in Autodesk, Inc. (NASDAQ:ADSK) during the third quarter, HoldingsChannel reports. The firm bought 763 shares of the software company’s stock, valued at approximately $210,000.

A number of other hedge funds have also recently bought and sold shares of the company. TD Asset Management Inc grew its position in shares of Autodesk by 13.0% during the 1st quarter. TD Asset Management Inc now owns 434,407 shares of the software company’s stock valued at $113,128,000 after purchasing an additional 50,027 shares in the last quarter. Leith Wheeler Investment Counsel Ltd. boosted its holdings in Autodesk by 10.9% in the first quarter. Leith Wheeler Investment Counsel Ltd. now owns 50,291 shares of the software company’s stock valued at $13,097,000 after acquiring an additional 4,932 shares in the last quarter. Cetera Investment Advisers increased its position in shares of Autodesk by 163.4% during the first quarter. Cetera Investment Advisers now owns 61,574 shares of the software company’s stock valued at $16,035,000 after buying an additional 38,196 shares during the period. Forsta AP Fonden raised its position in shares of Autodesk by 7.9% in the 3rd quarter. Forsta AP Fonden now owns 51,600 shares of the software company’s stock worth $14,215,000 after acquiring an additional 3,800 shares in the last quarter. Finally, Primecap Management Co. CA lifted its stake in shares of Autodesk by 8.2% in the 2nd quarter. Primecap Management Co. CA now owns 655,900 shares of the software company’s stock valued at $162,302,000 after purchasing an additional 49,500 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Up 0.3 %

ADSK traded up $0.87 on Friday, reaching $284.67. The company’s stock had a trading volume of 100,243 shares, compared to its average volume of 1,580,470. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $294.13. The company has a market capitalization of $61.20 billion, a price-to-earnings ratio of 58.04, a P/E/G ratio of 3.67 and a beta of 1.48. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The stock has a 50 day moving average of $271.16 and a two-hundred day moving average of $244.84.

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

Wall Street Analyst Weigh In

A number of analysts have weighed in on ADSK shares. KeyCorp restated an “overweight” rating and set a $305.00 price objective on shares of Autodesk in a research note on Monday, August 26th. Citigroup set a $325.00 price objective on shares of Autodesk and gave the stock a “buy” rating in a report on Friday, October 18th. Oppenheimer increased their price target on shares of Autodesk from $275.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Wells Fargo & Company initiated coverage on shares of Autodesk in a research report on Wednesday, October 16th. They set an “overweight” rating and a $340.00 price objective for the company. Finally, Piper Sandler upped their price target on Autodesk from $239.00 to $257.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $292.95.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $285.31, for a total value of $156,920.50. Following the completion of the sale, the director now owns 30,799 shares of the company’s stock, valued at $8,787,262.69. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $285.31, for a total transaction of $156,920.50. Following the sale, the director now directly owns 30,799 shares in the company, valued at $8,787,262.69. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Stephen W. Hope sold 286 shares of the stock in a transaction that occurred on Monday, September 30th. The stock was 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 approximately $1,340,944.36. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,280 shares of company stock valued at $5,200,929. Corporate 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.