PFG Investments LLC Acquires 393 Shares of Autodesk, Inc. (NASDAQ:ADSK)

PFG Investments LLC grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 26.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,872 shares of the software company’s stock after purchasing an additional 393 shares during the period. PFG Investments LLC’s holdings in Autodesk were worth $488,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. VisionPoint Advisory Group LLC boosted its position in Autodesk by 21.5% during the fourth quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock valued at $58,000 after purchasing an additional 42 shares during the last quarter. Bouvel Investment Partners LLC boosted its holdings in shares of Autodesk by 0.4% in the 4th quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company’s stock valued at $2,864,000 after buying an additional 44 shares during the last quarter. Venturi Wealth Management LLC grew its stake in shares of Autodesk by 3.7% in the fourth quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock valued at $306,000 after buying an additional 45 shares in the last quarter. Goodman Advisory Group LLC increased its holdings in Autodesk by 0.4% during the fourth quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock worth $2,770,000 after buying an additional 49 shares during the last quarter. Finally, Epic Trust Investment Advisors LLC raised its position in Autodesk by 3.7% during the fourth quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company’s stock worth $331,000 after acquiring an additional 49 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on ADSK shares. Citigroup upped their price objective on Autodesk from $276.00 to $307.00 and gave the company a “buy” rating in a research note on Monday, February 26th. KeyCorp lifted their price objective on shares of Autodesk from $275.00 to $320.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Mizuho increased their price objective on shares of Autodesk from $220.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. BMO Capital Markets lifted their target price on shares of Autodesk from $232.00 to $293.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. Finally, Rosenblatt Securities upped their price target on shares of Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $272.44.

Insiders Place Their Bets

In related news, CEO Andrew Anagnost sold 21,053 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total value of $5,473,569.47. Following the sale, the chief executive officer now directly 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 is accessible through this link. In related 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 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 available through the SEC website. Also, CAO Stephen W. Hope sold 1,757 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total transaction of $457,645.79. Following the sale, the chief accounting officer now directly owns 3,450 shares in the company, valued at approximately $898,621.50. The disclosure for this sale can be found here. Insiders sold 36,166 shares of company stock worth $9,465,055 over the last three months. Insiders own 0.14% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ ADSK traded down $1.15 during mid-day trading on Monday, reaching $216.78. The company had a trading volume of 1,437,021 shares, compared to its average volume of 1,470,033. The firm has a market cap of $46.37 billion, a price-to-earnings ratio of 51.49, a PEG ratio of 3.00 and a beta of 1.43. The business’s 50-day simple moving average is $246.70 and its 200 day simple moving average is $235.66. Autodesk, Inc. has a one year low of $189.54 and a one year high of $279.53. 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 (NASDAQ:ADSK) last released its 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. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the firm earned $1.26 EPS. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, research analysts predict that Autodesk, Inc. will post 5.38 earnings per share 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.