B. Riley Wealth Advisors Inc. Reduces Holdings in Autodesk, Inc. (NASDAQ:ADSK)

B. Riley Wealth Advisors Inc. cut its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 4.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,022 shares of the software company’s stock after selling 178 shares during the period. B. Riley Wealth Advisors Inc.’s holdings in Autodesk were worth $1,098,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Livelsberger Financial Advisory purchased a new stake in Autodesk in the 3rd quarter worth approximately $27,000. Transcendent Capital Group LLC purchased a new position in shares of Autodesk during the 3rd quarter valued at $28,000. Concord Wealth Partners bought a new stake in Autodesk during the third quarter valued at about $28,000. Stephens Consulting LLC bought a new position in shares of Autodesk in the second quarter worth about $32,000. Finally, ANTIPODES PARTNERS Ltd bought a new stake in Autodesk during the 2nd quarter valued at approximately $36,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK opened at $302.82 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a market cap of $65.11 billion, a P/E ratio of 60.08, a PEG ratio of 3.62 and a beta of 1.43. The firm’s 50 day moving average price is $298.07 and its 200 day moving average price is $265.79.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the firm posted $1.33 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. On average, research analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $285.31, for a total transaction of $156,920.50. Following the transaction, the director now owns 30,799 shares in the company, valued at $8,787,262.69. This trade represents a 1.75 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Stephen W. Hope sold 286 shares of Autodesk stock in a transaction 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. The trade was a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,386 shares of company stock valued at $403,308 over the last ninety days. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on ADSK. Barclays boosted their price target on shares of Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. DA Davidson assumed coverage on Autodesk in a research note on Friday, September 27th. They issued a “neutral” rating and a $260.00 price objective on the stock. Mizuho boosted their price target on shares of Autodesk from $260.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Oppenheimer increased their price objective on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Finally, Rosenblatt Securities upped their target price on shares of Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Ten investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average price target of $323.05.

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.