Kingswood Wealth Advisors LLC Increases Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Kingswood Wealth Advisors LLC raised its stake in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 6.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,143 shares of the software company’s stock after purchasing an additional 71 shares during the period. Kingswood Wealth Advisors LLC’s holdings in Autodesk were worth $278,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in shares of Autodesk by 0.4% during the third quarter. Vanguard Group Inc. now owns 18,728,596 shares of the software company’s stock worth $3,875,134,000 after purchasing an additional 69,039 shares during the period. State Street Corp lifted its holdings in shares of Autodesk by 1.5% during the second quarter. State Street Corp now owns 8,753,933 shares of the software company’s stock worth $1,791,142,000 after purchasing an additional 130,377 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Autodesk by 1.7% during the first quarter. Geode Capital Management LLC now owns 3,993,264 shares of the software company’s stock worth $829,485,000 after purchasing an additional 66,959 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of Autodesk by 1.2% during the third quarter. Clearbridge Investments LLC now owns 3,018,078 shares of the software company’s stock worth $624,471,000 after purchasing an additional 35,105 shares during the period. Finally, Northern Trust Corp lifted its holdings in Autodesk by 1.7% in the first quarter. Northern Trust Corp now owns 2,835,207 shares of the software company’s stock valued at $607,727,000 after acquiring an additional 47,952 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on ADSK shares. Mizuho raised their target price on Autodesk from $220.00 to $270.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Citigroup raised their target price on Autodesk from $276.00 to $307.00 and gave the company a “buy” rating in a report on Monday, February 26th. KeyCorp raised their target price on Autodesk from $275.00 to $320.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Rosenblatt Securities raised their target price on Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a report on Friday, March 1st. Finally, Bank Of America (Bofa) raised their target price on Autodesk from $235.00 to $240.00 in a report on Monday, December 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $270.78.

Read Our Latest Research Report on Autodesk

Insider Buying and Selling

In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of Autodesk 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 sale, the chief executive officer now owns 105,213 shares in the company, valued at approximately $27,354,327.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of Autodesk 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 sale, the chief executive officer now owns 105,213 shares in the company, valued at approximately $27,354,327.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary T. Mcdowell sold 5,000 shares of Autodesk stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $275.00, for a total value of $1,375,000.00. Following the completion of the sale, the director now owns 33,766 shares of the company’s stock, valued at approximately $9,285,650. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,695 shares of company stock worth $12,046,658. 0.14% of the stock is owned by corporate insiders.

Autodesk Trading Down 0.2 %

Autodesk stock opened at $260.42 on Friday. The stock has a market cap of $55.70 billion, a PE ratio of 61.86, a P/E/G ratio of 3.59 and a beta of 1.43. The stock has a 50-day moving average price of $257.19 and a 200 day moving average price of $231.72. Autodesk, Inc. has a 52 week low of $188.38 and a 52 week high of $279.53. 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:ADSKGet Free Report) last posted its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. The firm had revenue of $1.47 billion during 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%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.26 EPS. Equities research analysts predict that Autodesk, Inc. will post 5.37 earnings per share for the current fiscal year.

Autodesk Company 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.

Further Reading

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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