HB Wealth Management LLC Has $758,000 Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

HB Wealth Management LLC grew its position in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) by 3.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 3,112 shares of the software company’s stock after purchasing an additional 112 shares during the period. HB Wealth Management LLC’s holdings in Autodesk were worth $758,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ADSK. Acadian Asset Management LLC raised its position in shares of Autodesk by 351.2% during the first quarter. Acadian Asset Management LLC now owns 3,623 shares of the software company’s stock worth $775,000 after acquiring an additional 2,820 shares during the last quarter. Panagora Asset Management Inc. raised its position in shares of Autodesk by 71.7% during the first quarter. Panagora Asset Management Inc. now owns 4,479 shares of the software company’s stock worth $960,000 after acquiring an additional 1,871 shares during the last quarter. Cetera Investment Advisers raised its position in shares of Autodesk by 3.6% during the first quarter. Cetera Investment Advisers now owns 4,691 shares of the software company’s stock worth $1,006,000 after acquiring an additional 164 shares during the last quarter. Moors & Cabot Inc. bought a new position in shares of Autodesk during the first quarter worth about $218,000. Finally, Dakota Wealth Management raised its position in shares of Autodesk by 18.0% during the first quarter. Dakota Wealth Management now owns 1,915 shares of the software company’s stock worth $411,000 after acquiring an additional 292 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Trading Up 0.0 %

Shares of Autodesk stock opened at $261.67 on Wednesday. The stock has a market capitalization of $55.97 billion, a PE ratio of 62.15, a price-to-earnings-growth ratio of 3.62 and a beta of 1.43. 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 52 week low of $188.38 and a 52 week high of $279.53. The stock has a 50 day moving average price of $255.96 and a two-hundred day moving average price of $231.01.

Autodesk (NASDAQ:ADSKGet Free Report) last announced its 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. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. Autodesk’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 earnings per share. As a group, equities analysts anticipate that Autodesk, Inc. will post 5.37 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $240.28, for a total transaction of $132,154.00. Following the transaction, the director now owns 41,816 shares of the company’s stock, valued at $10,047,548.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $240.28, for a total value of $132,154.00. Following the transaction, the director now owns 41,816 shares of the company’s stock, valued at $10,047,548.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Mary T. Mcdowell sold 2,500 shares of the business’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $250.00, for a total value of $625,000.00. Following the completion of the transaction, the director now directly owns 39,316 shares in the company, valued at approximately $9,829,000. The disclosure for this sale can be found here. Insiders have sold a total of 18,332 shares of company stock valued at $4,671,607 over the last 90 days. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ADSK. Mizuho raised their price objective on Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Stifel Nicolaus raised their price objective on Autodesk from $265.00 to $316.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Piper Sandler Companies lifted their target price on Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Royal Bank of Canada lifted their target price on Autodesk from $280.00 to $290.00 and gave the stock an “overweight” rating in a report on Tuesday, March 5th. Finally, The Goldman Sachs Group lifted their target price on Autodesk from $180.00 to $230.00 and gave the stock a “sell” rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $270.78.

View Our Latest Stock Analysis on Autodesk

Autodesk Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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