Bryn Mawr Capital Management LLC Has $803,000 Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Bryn Mawr Capital Management LLC reduced its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 20.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,300 shares of the software company’s stock after selling 846 shares during the period. Bryn Mawr Capital Management LLC’s holdings in Autodesk were worth $803,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Bouvel Investment Partners LLC lifted its stake in Autodesk by 0.4% in the 4th quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company’s stock worth $2,864,000 after acquiring an additional 44 shares in the last quarter. Venturi Wealth Management LLC raised its stake 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 purchasing an additional 45 shares in the last quarter. Goodman Advisory Group LLC raised its stake in shares of Autodesk by 0.4% during the 4th quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock worth $2,770,000 after purchasing an additional 49 shares in the last quarter. Curbstone Financial Management Corp raised its stake in shares of Autodesk by 0.5% during the 4th quarter. Curbstone Financial Management Corp now owns 9,760 shares of the software company’s stock worth $2,376,000 after purchasing an additional 50 shares in the last quarter. Finally, Lindbrook Capital LLC raised its stake in shares of Autodesk by 11.4% during the 3rd quarter. Lindbrook Capital LLC now owns 527 shares of the software company’s stock worth $109,000 after purchasing an additional 54 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Trading Up 0.7 %

Shares of ADSK opened at $217.93 on Friday. The stock has a fifty day moving average price of $247.53 and a two-hundred day moving average price of $235.31. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82. Autodesk, Inc. has a 52-week low of $188.38 and a 52-week high of $279.53. The company has a market cap of $46.62 billion, a price-to-earnings ratio of 51.76, a PEG ratio of 2.97 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.14. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company posted $1.26 EPS. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. Analysts predict that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

Insider Transactions at Autodesk

In other news, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the completion of the sale, the chief executive officer now owns 105,213 shares in the company, valued at $27,354,327.87. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CFO Deborah Clifford sold 5,553 shares of Autodesk stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $260.01, for a total transaction of $1,443,835.53. Following the completion of the sale, the chief financial officer now directly owns 32,259 shares of the company’s stock, valued at $8,387,662.59. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Anagnost sold 21,053 shares of Autodesk stock in a transaction on 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 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. Insiders sold a total of 36,166 shares of company stock worth $9,465,055 over the last 90 days. 0.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on ADSK shares. The Goldman Sachs Group raised their price target on Autodesk from $180.00 to $230.00 and gave the stock a “sell” rating in a research note on Friday, March 1st. KeyCorp increased their price objective on Autodesk from $275.00 to $320.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Piper Sandler Companies increased their price objective on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, March 1st. TheStreet raised Autodesk from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Finally, Piper Sandler increased their price objective on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $272.44.

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.