Axxcess Wealth Management LLC Has $410,000 Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Axxcess Wealth Management LLC lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 34.4% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 1,490 shares of the software company’s stock after buying an additional 381 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Autodesk were worth $410,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of ADSK. Cetera Investment Advisers increased its position in Autodesk by 163.4% during the first quarter. Cetera Investment Advisers now owns 61,574 shares of the software company’s stock worth $16,035,000 after acquiring an additional 38,196 shares during the period. Forsta AP Fonden increased its position in Autodesk by 7.9% during the third 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 during the period. QRG Capital Management Inc. increased its position in Autodesk by 32.0% during the third quarter. QRG Capital Management Inc. now owns 13,437 shares of the software company’s stock worth $3,702,000 after acquiring an additional 3,259 shares during the period. Primecap Management Co. CA increased its position in Autodesk by 8.2% during the second quarter. Primecap Management Co. CA now owns 655,900 shares of the software company’s stock worth $162,302,000 after acquiring an additional 49,500 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its holdings in Autodesk by 57.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 16,646 shares of the software company’s stock valued at $4,335,000 after buying an additional 6,044 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Performance

NASDAQ:ADSK opened at $313.14 on Thursday. The company has a fifty day moving average of $278.10 and a 200-day moving average of $249.83. The firm has a market capitalization of $67.33 billion, a P/E ratio of 64.04, a P/E/G ratio of 3.93 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, Inc. has a twelve month low of $195.32 and a twelve month high of $315.73.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 EPS for the quarter, beating analysts’ consensus estimates of $2.00 by $0.15. The business 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%. Autodesk’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.12 EPS. As a group, sell-side analysts anticipate that Autodesk, Inc. will post 5.73 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have commented on ADSK. Oppenheimer raised their target price on shares of Autodesk from $275.00 to $300.00 and gave the company an “outperform” rating in a report on Friday, August 30th. Citigroup set a $325.00 target price on shares of Autodesk and gave the company a “buy” rating in a report on Friday, October 18th. Hsbc Global Res upgraded shares of Autodesk to a “strong-buy” rating in a research note on Tuesday, September 3rd. Wells Fargo & Company initiated coverage on shares of Autodesk in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $340.00 price target on the stock. Finally, KeyCorp restated an “overweight” rating and issued a $305.00 price target on shares of Autodesk in a research note on Monday, August 26th. Eight equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $292.95.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $265.50, for a total transaction of $146,025.00. Following the completion of the sale, the director now owns 31,349 shares in the company, valued at approximately $8,323,159.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Stephen W. Hope sold 286 shares of the company’s stock in a transaction on Monday, September 30th. The shares were sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the sale, the chief accounting officer now owns 4,879 shares in the company, valued at $1,340,944.36. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $265.50, for a total transaction of $146,025.00. Following the completion of the transaction, the director now directly owns 31,349 shares in the company, valued at $8,323,159.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 18,730 shares of company stock worth $5,064,430. 0.14% of the stock is owned by corporate 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.