Custom Index Systems LLC Buys 54 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Custom Index Systems LLC increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,268 shares of the software company’s stock after buying an additional 54 shares during the quarter. Custom Index Systems LLC’s holdings in Autodesk were worth $349,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. J.W. Cole Advisors Inc. lifted its holdings in shares of Autodesk by 70.9% during the third quarter. J.W. Cole Advisors Inc. now owns 1,521 shares of the software company’s stock valued at $419,000 after acquiring an additional 631 shares during the period. State of Alaska Department of Revenue increased its position in shares of Autodesk by 7.6% during the 3rd quarter. State of Alaska Department of Revenue now owns 25,033 shares of the software company’s stock worth $6,896,000 after purchasing an additional 1,770 shares in the last quarter. Goldstein Advisors LLC bought a new position in Autodesk during the 3rd quarter valued at about $205,000. Frank Rimerman Advisors LLC lifted its holdings in Autodesk by 27.0% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 4,605 shares of the software company’s stock valued at $1,269,000 after purchasing an additional 979 shares during the last quarter. Finally, GHP Investment Advisors Inc. boosted its position in Autodesk by 234.9% in the third quarter. GHP Investment Advisors Inc. now owns 288 shares of the software company’s stock valued at $79,000 after buying an additional 202 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Up 0.1 %

Shares of NASDAQ ADSK opened at $286.04 on Monday. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $294.13. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.64 and a current ratio of 0.64. The stock has a market cap of $61.64 billion, a P/E ratio of 61.91, a P/E/G ratio of 3.52 and a beta of 1.48. The firm has a 50 day moving average price of $268.25 and a 200 day moving average price of $243.56.

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

Analyst Ratings Changes

Several research analysts have recently commented on ADSK shares. KeyCorp reissued an “overweight” rating and issued a $305.00 target price on shares of Autodesk in a report on Monday, August 26th. Bank of America boosted their price objective on Autodesk from $260.00 to $285.00 and gave the stock a “neutral” rating in a research note on Friday, August 30th. HSBC upgraded Autodesk from a “hold” rating to a “buy” rating and raised their target price for the company from $242.00 to $299.00 in a research note on Tuesday, September 3rd. DA Davidson assumed coverage on shares of Autodesk in a report on Friday, September 27th. They issued a “neutral” rating and a $260.00 price target for the company. Finally, The Goldman Sachs Group raised Autodesk from a “sell” rating to a “neutral” rating and upped their price objective for the stock from $225.00 to $295.00 in a report on Tuesday, September 3rd. Eight equities research 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.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $292.95.

Insider Transactions at Autodesk

In related news, COO Steven M. Blum sold 17,344 shares of the business’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 value 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. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Autodesk news, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction that occurred on 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 transaction, the chief operating officer now 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 filing with the SEC, which is available through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Tuesday, October 15th. The shares were 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 in the company, valued at approximately $8,787,262.69. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 19,280 shares of company stock valued at $5,200,929 over the last 90 days. 0.14% of the stock is owned by company insiders.

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.