Drive Wealth Management LLC is taking on a new role at Autodesk, Inc.

Drive Wealth Administration LLC is taking up a brand new function at Autodesk, Inc.

In accordance with Autodesk, INC’s most up-to-date 13F submitting with the Securities and Trade Fee within the third quarter, Drive Wealth Administration LLC purchased a brand new place within the firm.

This was revealed within the firm’s earnings report.

Autodesk’s image is NASDAQ: ADSK.

The funding fund bought a complete of 1,894 shares of the software program firm’s inventory, valued at roughly $354,000.

A latest development that has been noticed in varied analyst publications is the protection of ADSK in these publications.

In a analysis word printed on February fifteenth, KeyCorp raised their value goal on Autodesk from $237.00 to $244.00 and gave the inventory an “obese” score.

Barclays downgraded Autodesk from an “obese” score to a “impartial” score and decreased their value goal for the inventory from $257.00 to $225.00 in a analysis word on Friday, February twenty fourth.

Financial institution of America raised Autodesk from a “impartial” score to a “purchase” score in a analysis report on Monday, February twenty seventh.

Moreover, they boosted their value goal for the corporate from $225.00 to $240.00.

Each of those modifications have been introduced on the identical day.

Argus lowered their “purchase” score and their value goal on shares of Autodesk to $265.00 and $290.00, respectively, in a analysis word printed on March 1st.

This was performed for the earlier evaluation and value targets they beforehand had.

Moreover, Credit score Suisse Group lowered their value goal on shares of Autodesk from $325.00 to $250.00 in a analysis report on Monday, February twenty seventh. Nevertheless, they maintained an “outperform” score for the corporate.

There have been fifteen separate analysts based mostly on the inventory’s purchase rankings, 5 fairness analysis consultants based mostly on the inventory’s maintain rankings and two separate professionals based mostly on the inventory’s promote suggestions.

In accordance with info obtainable from Bloomberg, the corporate is at the moment rated with a consensus score of “Average Purchase”, The value goal is about at $232.40.

This info was taken from the corporate’s web site.
A number of institutional traders have adjusted their holdings of ADSK in latest months.

TD Capital Administration LLC invested roughly $30,000 in Autodesk throughout the third quarter.

This funding got here from TD Capital Administration LLC Assets Administration Corp. (CT ADV) raised its stake in Autodesk by 1,100.0% throughout the second quarter. Assets Administration Corp. (CT ADV) now owns 180 shares of the software program firm’s inventory after buying a further 165 shares over the past quarter.

The shares are at the moment valued at $31,000.

CNB Financial institution grew its holdings in shares of Autodesk by 107.9% throughout the second quarter.

CNB Financial institution now owns a complete of 185 shares of the software program firm’s inventory valued at $32,000 after buying a further 96 shares of the software program firm’s inventory throughout the latest fiscal quarter.

The share of Autodesk inventory held by First Manhattan Co rose 342.9% within the first three months of this 12 months.

First Manhattan Co now owns 155 shares of the software program firm’s inventory valued at $33,000 after buying a further 120 shares throughout the latest quarter.

This brings the entire variety of shares held by the corporate to 155.

On the finish of the third quarter, Riverview Belief Firm grew its holdings in shares of Autodesk by 189.2%.

After buying a further 123 shares throughout the latest quarter, Riverview Belief Co now owns 188 shares of the software program firm’s inventory, at the moment valued at $35,000.

This brings the entire variety of shares held by Riverview Belief Co.

Institutional traders and hedge funds personal 87.89% of the corporate’s widespread inventory, making up the overwhelming majority of the corporate’s possession.
Shares of NASDAQ:ADSK opened the buying and selling day on Tuesday at $197.87.

It at the moment has a debt-to-equity ratio of 1.99, a fast ratio of 0.73, and a present ratio of 0.84.

All three of those indicators are at their respective historic lows. Over the previous 52 weeks, Autodesk, INC inventory value moved in a variety that took it from a low of $163.20 to a excessive of $235.01.

The inventory has a market cap of $42.69 billion, a price-to-earnings ratio of 52.35, a price-to-growth ratio of 1.79 and a beta of 1.51.

The inventory value had a easy shifting common of $202.54 over the past 200 days and its value had a easy shifting common of $207.58 over the past 50 days.
Autodesk (NASDAQ: ADSK ) made its newest quarterly earnings report obtainable for investor evaluate on Thursday, February twenty third.

The software program firm reported quarterly earnings of $1.86, topping analysts’ consensus estimates of $1.81 by $0.05.

The corporate’s income for the quarter was $1.32 billion, which was larger than the forecasted income of $1.31 billion for the quarter.

Throughout its operations, Autodesk achieved a return on fairness of 105.43% whereas sustaining a internet margin of 16.44%. In comparison with the earlier 12 months, the corporate’s income elevated by 8.8%.

The corporate reported earnings of $0.98 per share for a similar interval within the earlier 12 months’s monetary statements.

Trade analysts forecast that Autodesk, INC will submit earnings of 4.5 cents per share for the present fiscal 12 months.
The corporate introduced on Nov. 22 that Autodesk’s board of administrators accepted the corporate to purchase again a complete of $5 billion in excellent shares.

The software program firm can repurchase as much as 11.9% of its shares within the open market, permitting it to make this buy.

It’s customary process for administration to announce plans to purchase again an organization’s inventory to sign that it considers the inventory to be undervalued.

Betsy Rafael, a director of the corporate, offered 309 shares of her inventory on January third, which brings us to a different piece of reports associated to this matter. Shares price $59,006.64 have been traded with a mean value of $190.96 per share, leading to a buying and selling quantity of $59,006.64. Following the profitable completion of the transaction, the director now immediately owns 5,433 shares of the corporate’s inventory.

These shares have a worth equal to roughly $1,037,485.68.

Should you observe this hyperlink, you’ll be taken to the SEC submitting during which the sale was disclosed.

Click on the hyperlink to proceed.

Betsy Rafael, an organization director, offered 309 shares of the corporate’s inventory on January third, which brings us to a different associated piece of data. Shares price $59,006.64 have been traded with a mean value of $190.96 per share, leading to a buying and selling quantity of $59,006.64. Following the profitable completion of the transaction, the director now immediately owns 5,433 shares of the corporate’s inventory.

These shares have a worth equal to roughly $1,037,485.68.

Should you observe this hyperlink, you’ll be taken to the SEC submitting during which the sale was disclosed.

Click on the hyperlink to proceed.

One other director, Ayanna Howard, offered 328 shares of the enterprise’s inventory in a transaction on Thursday, February 2nd.

Available in the market, $75,440 price of shares have been purchased at a mean value of $230 every, bringing the entire worth of those trades to $75,440.

The director now immediately controls 3,862 shares of the corporate’s inventory, which has a complete worth of $888,260 as a direct results of the sale that came about.

Notices associated to the sale will be discovered on this part of the web site.

Insiders of the corporate offered 3,717 shares within the final three months, realizing a complete sale value of $746,462 because of their transactions.

Executives of the corporate personal shares at a fee of 0.11%.

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