Private Wealth Management Group LLC Purchases Shares of 128 Autodesk, Inc. (NASDAQ:ADSK)

Private Wealth Management Group LLC acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 128 shares of the software company’s stock, valued at approximately $31,000.

Other hedge funds have also recently made changes to their positions in the company. Fiera Capital Corp boosted its holdings in Autodesk by 11.5% during the 4th quarter. Fiera Capital Corp now owns 229,425 shares of the software company’s stock valued at $55,860,000 after acquiring an additional 23,578 shares during the period. Beacon Pointe Advisors LLC boosted its stake in shares of Autodesk by 0.6% in the fourth quarter. Beacon Pointe Advisors LLC now owns 11,338 shares of the software company’s stock valued at $2,761,000 after purchasing an additional 67 shares during the period. Foundations Investment Advisors LLC grew its holdings in shares of Autodesk by 97.6% in the fourth quarter. Foundations Investment Advisors LLC now owns 3,446 shares of the software company’s stock valued at $879,000 after purchasing an additional 1,702 shares in the last quarter. Eudaimonia Partners LLC increased its stake in Autodesk by 1.9% during the 4th quarter. Eudaimonia Partners LLC now owns 3,510 shares of the software company’s stock worth $855,000 after buying an additional 65 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in Autodesk by 17.3% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 16,420 shares of the software company’s stock worth $3,998,000 after buying an additional 2,421 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

ADSK traded up $0.78 during trading on Friday, hitting $221.21. 1,568,015 shares of the stock were exchanged, compared to its average volume of 1,640,699. The firm has a market capitalization of $47.67 billion, a P/E ratio of 52.54, a PEG ratio of 3.03 and a beta of 1.45. Autodesk, Inc. has a 1-year low of $192.01 and a 1-year high of $279.53. The stock has a fifty day moving average price of $235.61 and a two-hundred day moving average price of $236.39. 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 (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.95 by $0.14. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. Autodesk’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 EPS. As a group, sell-side analysts predict that Autodesk, Inc. will post 5.38 earnings per share for the current year.

Insider Activity at Autodesk

In other news, Director Mary T. Mcdowell sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $275.00, for a total transaction of $1,375,000.00. Following the completion of the sale, the director now owns 33,766 shares in the company, valued at $9,285,650. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Rebecca Pearce sold 1,628 shares of Autodesk stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $251.54, for a total value of $409,507.12. Following the sale, the executive vice president now owns 13,620 shares of the company’s stock, valued at $3,425,974.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Mary T. Mcdowell sold 5,000 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $275.00, for a total transaction of $1,375,000.00. Following the transaction, the director now owns 33,766 shares in the company, valued at $9,285,650. The disclosure for this sale can be found here. Insiders have sold 35,616 shares of company stock worth $9,319,448 in the last quarter. Company insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on ADSK shares. Oppenheimer boosted their price target 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 price objective on Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Piper Sandler Companies upped 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. Piper Sandler lifted their price target 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. Finally, Mizuho boosted their price target on shares of Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $274.67.

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.