Autodesk, Inc. (NASDAQ:ADSK) Position Increased by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,494 shares of the software company’s stock after buying an additional 283 shares during the quarter. Motley Fool Asset Management LLC’s holdings in Autodesk were worth $1,581,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of ADSK. Founders Financial Securities LLC purchased a new stake in shares of Autodesk in the third quarter worth approximately $206,000. Newbridge Financial Services Group Inc. increased its holdings in Autodesk by 61.3% in the third quarter. Newbridge Financial Services Group Inc. now owns 179 shares of the software company’s stock worth $37,000 after buying an additional 68 shares during the last quarter. Oak Thistle LLC increased its holdings in Autodesk by 47.4% in the third quarter. Oak Thistle LLC now owns 4,377 shares of the software company’s stock worth $906,000 after buying an additional 1,408 shares during the last quarter. Czech National Bank grew its holdings in Autodesk by 47.3% during the third quarter. Czech National Bank now owns 37,354 shares of the software company’s stock valued at $7,729,000 after purchasing an additional 12,002 shares during the last quarter. Finally, Marshall Financial Group LLC grew its holdings in Autodesk by 6.2% during the third quarter. Marshall Financial Group LLC now owns 3,320 shares of the software company’s stock valued at $687,000 after purchasing an additional 193 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Up 0.7 %

NASDAQ ADSK traded up $1.53 during trading on Friday, hitting $217.93. The stock had a trading volume of 1,277,774 shares, compared to its average volume of 1,470,440. The company has a market capitalization of $46.62 billion, a PE ratio of 51.76, a P/E/G ratio of 2.96 and a beta of 1.43. The company’s 50-day moving average price is $247.53 and its two-hundred day moving average price is $235.31. 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 12 month low of $188.38 and a 12 month high of $279.53.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. The business had revenue of $1.47 billion for 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%. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.26 earnings per share. As a group, sell-side analysts forecast that Autodesk, Inc. will post 5.38 EPS for the current year.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several analyst reports. Piper Sandler increased their price target on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, March 1st. BMO Capital Markets raised their target price on Autodesk from $232.00 to $293.00 and gave the stock a “market perform” rating in a research report on Friday, March 1st. Barclays lifted their price objective on Autodesk from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, March 1st. 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, Rosenblatt Securities lifted their price objective on Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $272.44.

Insider Transactions at Autodesk

In other news, CEO Andrew Anagnost sold 21,053 shares of Autodesk 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 sale, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Andrew Anagnost sold 21,053 shares of the company’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 transaction of $5,473,569.47. Following the completion of the sale, the chief executive officer now owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Deborah Clifford sold 5,553 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $260.01, for a total transaction of $1,443,835.53. Following the transaction, the chief financial officer now owns 32,259 shares of the company’s stock, valued at $8,387,662.59. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 36,166 shares of company stock valued at $9,465,055. 0.14% of the stock is currently owned by corporate insiders.

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.