Leelyn Smith LLC Acquires 798 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Leelyn Smith LLC increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,548 shares of the software company’s stock after purchasing an additional 798 shares during the quarter. Leelyn Smith LLC’s holdings in Autodesk were worth $4,283,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ADSK. Charles Schwab Investment Management Inc. boosted its stake in shares of Autodesk by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,298,694 shares of the software company’s stock worth $357,764,000 after buying an additional 29,641 shares during the last quarter. DE Burlo Group Inc. raised its holdings in Autodesk by 16.0% during the third quarter. DE Burlo Group Inc. now owns 108,140 shares of the software company’s stock worth $29,790,000 after acquiring an additional 14,900 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Autodesk by 394.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock valued at $156,296,000 after purchasing an additional 452,728 shares during the last quarter. Landscape Capital Management L.L.C. grew its stake in Autodesk by 464.9% in the third quarter. Landscape Capital Management L.L.C. now owns 10,920 shares of the software company’s stock valued at $3,008,000 after purchasing an additional 8,987 shares in the last quarter. Finally, Primecap Management Co. CA increased its position in shares of Autodesk by 3.8% during the 3rd quarter. Primecap Management Co. CA now owns 680,820 shares of the software company’s stock worth $187,552,000 after purchasing an additional 24,920 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of NASDAQ:ADSK opened at $321.27 on Friday. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $321.90. The company’s 50 day moving average price is $286.44 and its two-hundred day moving average price is $254.61. The firm has a market cap of $69.07 billion, a PE ratio of 65.70, a PEG ratio of 3.90 and a beta of 1.47. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.12 earnings per share. Equities research analysts predict that Autodesk, Inc. will post 5.73 earnings per share for the current year.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the sale, the director now owns 30,249 shares in the company, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction that occurred on Monday, September 30th. The shares were sold at an average price of $274.84, for a total transaction of $78,604.24. Following the completion of the transaction, the chief accounting officer now directly owns 4,879 shares in the company, valued at $1,340,944.36. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 19,280 shares of company stock valued at $5,232,213. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ADSK. Piper Sandler increased their price objective on Autodesk from $239.00 to $257.00 and gave the company a “neutral” rating in a report on Friday, August 30th. Citigroup lifted their price objective on shares of Autodesk from $325.00 to $358.00 and gave the company a “buy” rating in a research report on Friday. Royal Bank of Canada upped their target price on shares of Autodesk from $290.00 to $313.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Scotiabank assumed coverage on Autodesk in a report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price target for the company. Finally, Robert W. Baird upped their price objective on Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Eight analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $309.43.

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.