Schechter Investment Advisors LLC Has $1.46 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Schechter Investment Advisors LLC reduced its stake in Autodesk, Inc. (NASDAQ:ADSKGet Rating) by 9.7% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 7,801 shares of the software company’s stock after selling 834 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Autodesk were worth $1,458,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADSK. Venture Visionary Partners LLC acquired a new stake in Autodesk in the 2nd quarter worth approximately $30,000. Resources Management Corp CT ADV increased its position in Autodesk by 1,100.0% in the 2nd quarter. Resources Management Corp CT ADV now owns 180 shares of the software company’s stock worth $31,000 after buying an additional 165 shares during the period. CNB Bank increased its position in Autodesk by 107.9% in the 2nd quarter. CNB Bank now owns 185 shares of the software company’s stock worth $32,000 after buying an additional 96 shares during the period. First Manhattan Co. increased its position in Autodesk by 342.9% in the 1st quarter. First Manhattan Co. now owns 155 shares of the software company’s stock worth $33,000 after buying an additional 120 shares during the period. Finally, Riverview Trust Co increased its position in Autodesk by 189.2% in the 3rd quarter. Riverview Trust Co now owns 188 shares of the software company’s stock worth $35,000 after buying an additional 123 shares during the period. 87.89% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Price Performance

Autodesk stock opened at $206.43 on Wednesday. The company has a debt-to-equity ratio of 2.52, a quick ratio of 0.73 and a current ratio of 0.73. The firm has a market cap of $44.54 billion, a P/E ratio of 72.94, a P/E/G ratio of 1.92 and a beta of 1.47. The business’s fifty day moving average is $196.69 and its two-hundred day moving average is $201.44. Autodesk, Inc. has a 52 week low of $163.20 and a 52 week high of $252.34.

Autodesk (NASDAQ:ADSKGet Rating) last posted its quarterly earnings data on Tuesday, November 22nd. The software company reported $1.03 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.04). The business had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.28 billion. Autodesk had a return on equity of 108.29% and a net margin of 12.64%. Autodesk’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.68 EPS. Equities research analysts forecast that Autodesk, Inc. will post 4.09 earnings per share for the current fiscal year.

Autodesk declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, November 22nd that permits the company to buyback $5.00 billion in outstanding shares. This buyback authorization permits the software company to reacquire up to 11.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Autodesk news, EVP Rebecca Pearce sold 713 shares of the business’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $207.45, for a total value of $147,911.85. Following the transaction, the executive vice president now owns 16,195 shares of the company’s stock, valued at $3,359,652.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, CAO Stephen W. Hope sold 394 shares of the company’s stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $195.66, for a total transaction of $77,090.04. Following the transaction, the chief accounting officer now owns 3,074 shares of the company’s stock, valued at $601,458.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rebecca Pearce sold 713 shares of the company’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $207.45, for a total value of $147,911.85. Following the transaction, the executive vice president now directly owns 16,195 shares in the company, valued at approximately $3,359,652.75. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,672 shares of company stock valued at $524,213. 0.11% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have commented on the company. Deutsche Bank Aktiengesellschaft dropped their price target on Autodesk from $255.00 to $225.00 in a research report on Wednesday, November 23rd. StockNews.com assumed coverage on Autodesk in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. Bank of America lowered their price objective on Autodesk from $240.00 to $225.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 23rd. Moffett Nathanson lowered their price objective on Autodesk to $177.00 in a research report on Thursday, November 24th. Finally, Robert W. Baird lowered their price objective on Autodesk from $255.00 to $244.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 23rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $239.00.

Autodesk Profile

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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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