Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Raab & Moskowitz Asset Management LLC

Raab & Moskowitz Asset Management LLC increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,714 shares of the software company’s stock after purchasing an additional 50 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Autodesk were worth $1,148,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Autodesk by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 18,728,596 shares of the software company’s stock worth $3,875,134,000 after purchasing an additional 69,039 shares during the last quarter. Clearbridge Investments LLC raised its position in shares of Autodesk by 1.2% during the 3rd quarter. Clearbridge Investments LLC now owns 3,018,078 shares of the software company’s stock worth $624,471,000 after purchasing an additional 35,105 shares during the last quarter. Northern Trust Corp raised its position in shares of Autodesk by 1.7% during the 3rd quarter. Northern Trust Corp now owns 2,548,156 shares of the software company’s stock worth $527,239,000 after purchasing an additional 43,293 shares during the last quarter. Morgan Stanley raised its position in shares of Autodesk by 4.5% during the 3rd quarter. Morgan Stanley now owns 2,378,796 shares of the software company’s stock worth $492,197,000 after purchasing an additional 102,035 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Autodesk by 14.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 2,364,179 shares of the software company’s stock worth $489,178,000 after acquiring an additional 293,464 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Andrew Anagnost sold 21,053 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were 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 directly owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Andrew Anagnost sold 21,053 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were 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 directly owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Rebecca Pearce sold 1,628 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $251.54, for a total transaction of $409,507.12. Following the completion of the transaction, the executive vice president now owns 13,620 shares in the company, valued at approximately $3,425,974.80. The disclosure for this sale can be found here. In the last three months, insiders sold 36,166 shares of company stock valued at $9,465,055. Company insiders own 0.14% of the company’s stock.

Autodesk Stock Up 0.7 %

Shares of NASDAQ ADSK opened at $217.93 on Friday. The firm has a fifty day moving average of $247.53 and a 200-day moving average of $235.47. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. Autodesk, Inc. has a 52-week low of $188.38 and a 52-week high of $279.53. The stock has a market capitalization of $46.62 billion, a PE ratio of 51.76, a P/E/G ratio of 3.00 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.43 billion. During the same period in the prior year, the company earned $1.26 EPS. The firm’s revenue was up 11.5% on a year-over-year basis. On average, analysts anticipate that Autodesk, Inc. will post 5.38 EPS for the current year.

Analyst Ratings Changes

Several research firms have commented on ADSK. Stifel Nicolaus reaffirmed a “buy” rating and issued a $316.00 target price on shares of Autodesk in a research note on Friday, April 12th. BMO Capital Markets lifted their target price on shares of Autodesk from $232.00 to $293.00 and gave the stock a “market perform” rating in a research note on Friday, March 1st. Oppenheimer lifted their target price on shares of Autodesk from $265.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Rosenblatt Securities lifted their target price on shares of Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Piper Sandler lifted their target price on shares of Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.