Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 0.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 785,298 shares of the software company’s stock after acquiring an additional 2,177 shares during the period. Franklin Resources Inc.’s holdings in Autodesk were worth $191,204,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of ADSK. Bfsg LLC acquired a new stake in Autodesk during the 4th quarter worth $27,000. Rakuten Securities Inc. acquired a new stake in shares of Autodesk in the 4th quarter worth $28,000. Private Wealth Management Group LLC acquired a new stake in shares of Autodesk in the 4th quarter worth $31,000. First United Bank & Trust acquired a new stake in shares of Autodesk in the 4th quarter worth $34,000. Finally, Operose Advisors LLC acquired a new stake in shares of Autodesk in the 3rd quarter worth $35,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Andrew Anagnost sold 21,053 shares of Autodesk stock in a transaction 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 completion of the sale, the chief executive officer now owns 105,213 shares in the company, valued at $27,354,327.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the sale, the chief accounting officer now owns 3,450 shares in the company, valued at $898,621.50. The transaction 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 the business’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 transaction, the chief executive officer now directly owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The disclosure for this sale can be found here. Insiders have sold 35,616 shares of company stock worth $9,319,448 over the last 90 days. Company insiders own 0.14% of the company’s stock.

Autodesk Trading Up 0.5 %

ADSK stock traded up $1.18 during midday trading on Wednesday, reaching $221.46. 202,099 shares of the company’s stock traded hands, compared to its average volume of 1,444,876. The company has a market capitalization of $47.72 billion, a P/E ratio of 52.32, a PEG ratio of 3.04 and a beta of 1.45. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $279.53. The business has a 50-day moving average price of $234.03 and a two-hundred day moving average price of $237.20.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data 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. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 earnings per share. Equities research analysts forecast that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

Analyst Ratings Changes

ADSK has been the subject of several recent analyst reports. Oppenheimer raised 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. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Autodesk in a report on Monday, April 1st. Piper Sandler Companies increased their price target on shares of Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, March 1st. KeyCorp cut their price target on shares of Autodesk from $320.00 to $305.00 and set an “overweight” rating for the company in a report on Monday. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $316.00 price target on shares of Autodesk in a report on Friday, April 12th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $273.83.

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.