Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Wisconsin Capital Management LLC

Wisconsin Capital Management LLC trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,498 shares of the software company’s stock after selling 997 shares during the quarter. Autodesk makes up about 2.7% of Wisconsin Capital Management LLC’s portfolio, making the stock its 14th biggest holding. Wisconsin Capital Management LLC’s holdings in Autodesk were worth $4,504,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bfsg LLC purchased a new stake in shares of Autodesk in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. acquired a new position in Autodesk during the fourth quarter worth $28,000. Operose Advisors LLC purchased a new stake in Autodesk in the 3rd quarter valued at $35,000. AdvisorNet Financial Inc increased its stake in shares of Autodesk by 67.1% in the 4th quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock worth $35,000 after acquiring an additional 57 shares during the last quarter. Finally, Newbridge Financial Services Group Inc. raised its holdings in shares of Autodesk by 61.3% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 179 shares of the software company’s stock worth $37,000 after acquiring an additional 68 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 0.7 %

Shares of NASDAQ ADSK traded up $1.40 during trading on Thursday, hitting $216.40. 2,211,434 shares of the company traded hands, compared to its average volume of 1,472,260. The company has a 50-day moving average price of $248.34 and a 200-day moving average price of $235.26. Autodesk, Inc. has a 1 year low of $188.38 and a 1 year high of $279.53. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $46.29 billion, a P/E ratio of 51.40, a P/E/G ratio of 3.00 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last released its quarterly 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. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the company posted $1.26 EPS. Autodesk’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, equities analysts predict that Autodesk, Inc. will post 5.38 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on ADSK. Piper Sandler Companies upped their price objective on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, March 1st. TheStreet raised shares of Autodesk from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Piper Sandler lifted their price target on shares of Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price objective on shares of Autodesk in a research report on Monday, April 1st. Finally, The Goldman Sachs Group boosted their target price on Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $272.44.

Insider Buying and Selling

In other news, CEO Andrew Anagnost sold 21,053 shares of the 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 completion of the transaction, the chief executive officer now directly owns 105,213 shares in the company, valued at $27,354,327.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, CAO Stephen W. Hope sold 1,757 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was 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 approximately $898,621.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Andrew Anagnost sold 21,053 shares of the business’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 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 a total of 36,166 shares of company stock worth $9,465,055 over the last quarter. 0.14% of the stock is owned by company insiders.

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.