Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Connecticut Wealth Management LLC

Connecticut Wealth Management LLC boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,437 shares of the software company’s stock after acquiring an additional 82 shares during the period. Connecticut Wealth Management LLC’s holdings in Autodesk were worth $350,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Bouvel Investment Partners LLC increased its position in shares of Autodesk by 0.4% during the fourth quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company’s stock valued at $2,864,000 after acquiring an additional 44 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in Autodesk by 3.7% in the fourth quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock valued at $306,000 after acquiring an additional 45 shares in the last quarter. Goodman Advisory Group LLC lifted 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 worth $2,770,000 after acquiring an additional 49 shares during the last quarter. Epic Trust Investment Advisors LLC grew its holdings in Autodesk by 3.7% during the 4th quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company’s stock worth $331,000 after acquiring an additional 49 shares in the last quarter. Finally, Curbstone Financial Management Corp increased its position in shares of Autodesk by 0.5% in the 4th 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 during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $264.74, for a total value of $145,607.00. Following the sale, the director now directly owns 38,766 shares in the company, valued at approximately $10,262,910.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the firm’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 transaction, the chief executive officer now owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $264.74, for a total value of $145,607.00. Following the completion of the transaction, the director now directly owns 38,766 shares of the company’s stock, valued at $10,262,910.84. 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 currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several recent analyst reports. The Goldman Sachs Group increased their target price on Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a report on Friday, March 1st. Barclays raised their target price on Autodesk from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Citigroup upped their price target on Autodesk from $276.00 to $307.00 and gave the company a “buy” rating in a report on Monday, February 26th. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price objective on shares of Autodesk in a report on Monday, April 1st. Finally, StockNews.com lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $274.67.

Autodesk Price Performance

NASDAQ:ADSK traded up $0.57 during trading hours on Monday, hitting $215.76. The company’s stock had a trading volume of 627,192 shares, compared to its average volume of 1,460,233. Autodesk, Inc. has a 52-week low of $189.54 and a 52-week high of $279.53. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82. The business’s 50-day moving average is $243.24 and its two-hundred day moving average is $235.68. The company has a market capitalization of $46.49 billion, a PE ratio of 51.11, a PEG ratio of 2.96 and a beta of 1.45.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period last year, the company posted $1.26 earnings per share. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, research analysts anticipate that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

Autodesk Company 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.