Everpar Advisors LLC Invests $990,000 in Autodesk, Inc. (NASDAQ:ADSK)

Everpar Advisors LLC acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 4,065 shares of the software company’s stock, valued at approximately $990,000.

Several other institutional investors and hedge funds have also modified their holdings of ADSK. Bfsg LLC acquired a new position in shares of Autodesk in the fourth quarter valued at approximately $27,000. Rakuten Securities Inc. acquired a new position in Autodesk in the 4th quarter worth $28,000. Operose Advisors LLC bought a new position in Autodesk during the 3rd quarter worth about $35,000. AdvisorNet Financial Inc raised 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 valued at $35,000 after purchasing an additional 57 shares during the period. Finally, VisionPoint Advisory Group LLC lifted its holdings in shares of Autodesk by 230.5% in the third quarter. VisionPoint Advisory Group LLC now owns 195 shares of the software company’s stock valued at $40,000 after purchasing an additional 136 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Autodesk

In related news, CEO Andrew Anagnost sold 21,053 shares of the business’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 completion of the transaction, 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 SEC, which can be accessed through the SEC website. In related news, CFO Deborah Clifford sold 5,553 shares of the company’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 completion of the transaction, the chief financial officer now directly owns 32,259 shares in the company, valued at approximately $8,387,662.59. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Andrew Anagnost sold 21,053 shares of the firm’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 in the company, valued at approximately $27,354,327.87. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,166 shares of company stock valued at $9,465,055. 0.14% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on ADSK shares. Piper Sandler increased their price objective on Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Citigroup lifted their price objective on shares of Autodesk from $276.00 to $307.00 and gave the company a “buy” rating in a report on Monday, February 26th. Berenberg Bank cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $295.00 target price for the company. in a report on Wednesday, May 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Autodesk in a research note on Monday, April 1st. Finally, Stifel Nicolaus restated a “buy” rating and set a $316.00 price objective on shares of Autodesk in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the stock. Based on data from MarketBeat, Autodesk currently has a consensus rating of “Hold” and an average target price of $274.67.

Autodesk Stock Performance

NASDAQ ADSK traded down $0.67 during trading on Wednesday, reaching $213.95. The company’s stock had a trading volume of 1,132,262 shares, compared to its average volume of 1,470,086. Autodesk, Inc. has a 12 month low of $190.95 and a 12 month high of $279.53. The firm has a 50 day moving average price of $241.58 and a 200 day moving average price of $235.84. The firm has a market capitalization of $46.10 billion, a price-to-earnings ratio of 50.82, a price-to-earnings-growth ratio of 2.96 and a beta of 1.45. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same period in the previous year, the company posted $1.26 earnings per share. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. As a group, equities analysts anticipate that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

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.