Larson Financial Group LLC Has $394,000 Stake in Autodesk, Inc. (NASDAQ:ADSK)

Larson Financial Group LLC raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 14.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,619 shares of the software company’s stock after acquiring an additional 208 shares during the quarter. Larson Financial Group LLC’s holdings in Autodesk were worth $394,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bouvel Investment Partners LLC increased its holdings in Autodesk by 0.4% in the 4th quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company’s stock valued at $2,864,000 after buying an additional 44 shares during the period. Venturi Wealth Management LLC boosted its position in shares of Autodesk by 3.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock worth $306,000 after acquiring an additional 45 shares in the last quarter. Goodman Advisory Group LLC increased its stake in Autodesk by 0.4% in the fourth quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock valued at $2,770,000 after acquiring an additional 49 shares during the last quarter. Curbstone Financial Management Corp raised its position in Autodesk by 0.5% during the fourth quarter. Curbstone Financial Management Corp now owns 9,760 shares of the software company’s stock valued at $2,376,000 after purchasing an additional 50 shares in the last quarter. Finally, Lindbrook Capital LLC lifted its stake in Autodesk by 11.4% during the third quarter. Lindbrook Capital LLC now owns 527 shares of the software company’s stock worth $109,000 after purchasing an additional 54 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other news, CEO Andrew Anagnost sold 21,053 shares of Autodesk stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total value of $5,473,569.47. Following the completion of the transaction, the chief executive officer now directly owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Autodesk news, Director Mary T. Mcdowell sold 5,000 shares of Autodesk stock in a transaction on Friday, March 1st. The shares were sold at an average price of $275.00, for a total value of $1,375,000.00. Following the completion of the sale, the director now directly owns 33,766 shares of the company’s stock, valued at $9,285,650. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Andrew Anagnost sold 21,053 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the sale, the chief executive officer now directly owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 36,166 shares of company stock valued at $9,465,055. 0.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ADSK. Mizuho lifted their price target on Autodesk from $220.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Rosenblatt Securities lifted their target price on Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, March 1st. The Goldman Sachs Group boosted their target price on Autodesk from $180.00 to $230.00 and gave the stock a “sell” rating in a research note on Friday, March 1st. Barclays raised their price target on shares of Autodesk from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Finally, Piper Sandler upped their price objective on shares of Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $272.44.

Autodesk Stock Up 0.4 %

Shares of ADSK opened at $217.93 on Wednesday. Autodesk, Inc. has a 12 month low of $188.38 and a 12 month high of $279.53. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $46.62 billion, a PE ratio of 51.76, a PEG ratio of 2.98 and a beta of 1.43. The stock’s 50-day moving average price is $250.18 and its two-hundred day moving average price is $235.54.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business earned $1.26 EPS. The company’s revenue was up 11.5% compared to the same quarter last year. On average, analysts anticipate that Autodesk, Inc. will post 5.38 EPS for the current year.

Autodesk 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.