DSM Capital Partners LLC Sells 81,291 Shares of Autodesk, Inc. (NASDAQ:ADSK)

DSM Capital Partners LLC decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 8.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 848,979 shares of the software company’s stock after selling 81,291 shares during the period. Autodesk comprises approximately 3.2% of DSM Capital Partners LLC’s investment portfolio, making the stock its 11th biggest holding. DSM Capital Partners LLC owned approximately 0.40% of Autodesk worth $206,709,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. VisionPoint Advisory Group LLC grew its stake in Autodesk by 21.5% in the 4th quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock valued at $58,000 after buying an additional 42 shares during the last quarter. Bouvel Investment Partners LLC grew its position in shares of Autodesk by 0.4% in the fourth quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company’s stock valued at $2,864,000 after purchasing an additional 44 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of Autodesk by 3.7% during the fourth 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 during the period. Goodman Advisory Group LLC lifted its holdings in 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 during the last quarter. Finally, Epic Trust Investment Advisors LLC lifted 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 purchasing an additional 49 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Barclays increased their price objective on Autodesk from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Rosenblatt Securities boosted their price objective on shares of Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a report on Friday, March 1st. Citigroup raised their price objective on Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Piper Sandler Companies upped their target price on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Finally, Mizuho raised their price target on Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $270.17.

Insider Buying and Selling at Autodesk

In other news, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 105,213 shares in the company, valued at approximately $27,354,327.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Rebecca Pearce sold 1,628 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $251.54, for a total transaction of $409,507.12. Following the transaction, the executive vice president now owns 13,620 shares of the company’s stock, valued at approximately $3,425,974.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction dated 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 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. In the last 90 days, insiders sold 35,616 shares of company stock valued at $9,319,448. 0.14% of the stock is currently owned by company insiders.

Autodesk Trading Down 0.1 %

Shares of NASDAQ:ADSK traded down $0.27 during mid-day trading on Friday, reaching $214.89. 1,496,728 shares of the company’s stock were exchanged, compared to its average volume of 1,401,080. 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 twelve month low of $192.01 and a twelve month high of $279.53. The firm has a market capitalization of $46.30 billion, a price-to-earnings ratio of 51.04, a PEG ratio of 2.95 and a beta of 1.45. The business’s fifty day moving average price is $231.60 and its 200-day moving average price is $237.24.

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

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.