Vestor Capital LLC Sells 300 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Vestor Capital LLC lessened its holdings in Autodesk, Inc. (NASDAQ:ADSKGet Rating) by 45.8% during the 1st quarter, Holdings Channel reports. The firm owned 355 shares of the software company’s stock after selling 300 shares during the period. Vestor Capital LLC’s holdings in Autodesk were worth $76,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of ADSK. Curi Wealth Management LLC bought a new position in shares of Autodesk in the 4th quarter valued at about $25,000. Hanson & Doremus Investment Management boosted its stake in Autodesk by 1,136.4% during the 1st quarter. Hanson & Doremus Investment Management now owns 136 shares of the software company’s stock worth $29,000 after acquiring an additional 125 shares during the last quarter. Bank of New Hampshire bought a new position in Autodesk during the 1st quarter worth approximately $33,000. CVA Family Office LLC boosted its stake in Autodesk by 81.4% during the 1st quarter. CVA Family Office LLC now owns 156 shares of the software company’s stock worth $33,000 after acquiring an additional 70 shares during the last quarter. Finally, AHL Investment Management Inc. bought a new position in Autodesk during the 4th quarter worth approximately $34,000. Institutional investors own 89.55% of the company’s stock.

Autodesk Stock Down 0.1 %

Shares of NASDAQ ADSK traded down $0.24 during midday trading on Friday, reaching $221.70. The company’s stock had a trading volume of 1,113,414 shares, compared to its average volume of 1,493,540. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 3.35. Autodesk, Inc. has a fifty-two week low of $163.20 and a fifty-two week high of $344.39. The stock has a market capitalization of $48.17 billion, a price-to-earnings ratio of 100.77 and a beta of 1.53. The stock has a 50 day simple moving average of $189.93 and a 200-day simple moving average of $203.36.

Autodesk (NASDAQ:ADSKGet Rating) last issued its earnings results on Thursday, May 26th. The software company reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.10. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. Autodesk had a net margin of 10.67% and a return on equity of 68.41%. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.03 earnings per share. Equities research analysts predict that Autodesk, Inc. will post 3.99 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Stephen W. Hope sold 327 shares of the business’s stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $177.43, for a total transaction of $58,019.61. Following the transaction, the chief accounting officer now directly owns 4,186 shares in the company, valued at $742,721.98. The sale was disclosed in a filing with the SEC, which is available through this link. In other Autodesk news, CAO Stephen W. Hope sold 327 shares of Autodesk stock in a transaction on Tuesday, July 12th. The shares were sold at an average price of $177.43, for a total transaction of $58,019.61. Following the completion of the transaction, the chief accounting officer now directly owns 4,186 shares of the company’s stock, valued at $742,721.98. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Rebecca Pearce sold 1,608 shares of Autodesk stock in a transaction on Tuesday, May 31st. The stock was sold at an average price of $207.86, for a total transaction of $334,238.88. Following the transaction, the executive vice president now directly owns 19,325 shares of the company’s stock, valued at $4,016,894.50. The disclosure for this sale can be found here. 0.11% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ADSK has been the topic of several recent analyst reports. Morgan Stanley reduced their price objective on shares of Autodesk from $258.00 to $245.00 and set an “equal weight” rating on the stock in a research note on Friday, May 27th. OTR Global raised shares of Autodesk to a “positive” rating in a research note on Thursday, May 5th. Mizuho reissued a “buy” rating and set a $250.00 price objective on shares of Autodesk in a research note on Friday, May 27th. Robert W. Baird raised their target price on shares of Autodesk from $255.00 to $260.00 in a report on Friday, May 27th. Finally, Bank of America initiated coverage on shares of Autodesk in a report on Wednesday. They set a “neutral” rating and a $220.00 target price on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $261.80.

About Autodesk

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Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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