Global Retirement Partners LLC Has $1.07 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Global Retirement Partners LLC grew its stake in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 9.4% during the fourth quarter, HoldingsChannel reports. The firm owned 4,436 shares of the software company’s stock after buying an additional 382 shares during the quarter. Global Retirement Partners LLC’s holdings in Autodesk were worth $1,071,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. First Manhattan Co. boosted its position in shares of Autodesk by 342.9% during the 1st quarter. First Manhattan Co. now owns 155 shares of the software company’s stock worth $33,000 after purchasing an additional 120 shares in the last quarter. Operose Advisors LLC acquired a new stake in Autodesk in the third quarter valued at approximately $35,000. Carolinas Wealth Consulting LLC increased its holdings in shares of Autodesk by 140.6% during the first quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the software company’s stock valued at $35,000 after acquiring an additional 97 shares in the last quarter. Worth Asset Management LLC acquired a new position in shares of Autodesk during the first quarter worth approximately $36,000. Finally, Newbridge Financial Services Group Inc. lifted its holdings in shares of Autodesk by 61.3% in the 3rd quarter. Newbridge Financial Services Group Inc. now owns 179 shares of the software company’s stock worth $37,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Insider Activity

In other news, CEO Andrew Anagnost sold 21,053 shares of Autodesk stock in a transaction that occurred on 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 in the company, valued at approximately $27,354,327.87. The sale was disclosed in a filing with the SEC, which is available through this link. In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the company’s stock in a transaction 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 directly owns 105,213 shares in the company, valued at approximately $27,354,327.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stacy J. Smith sold 7,554 shares of Autodesk stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $244.00, for a total transaction of $1,843,176.00. Following the sale, the director now directly owns 19,934 shares in the company, valued at approximately $4,863,896. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 46,695 shares of company stock valued at $12,046,658. 0.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on ADSK shares. Barclays raised their price objective on shares of Autodesk from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Citigroup lifted their price target on Autodesk from $276.00 to $307.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Royal Bank of Canada increased their price objective on Autodesk from $280.00 to $290.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 5th. Oppenheimer lifted their target price on Autodesk from $265.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, March 1st. Finally, Piper Sandler increased their price target on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $270.78.

Read Our Latest Report on Autodesk

Autodesk Stock Performance

NASDAQ ADSK opened at $260.42 on Friday. The company’s 50 day simple moving average is $257.43 and its two-hundred day simple moving average is $232.01. The stock has a market capitalization 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 company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. Autodesk, Inc. has a 1 year low of $188.38 and a 1 year high of $279.53.

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, topping the consensus estimate of $1.95 by $0.14. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The firm’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business earned $1.26 earnings per share. Analysts predict that Autodesk, Inc. will post 5.37 earnings per share for the current fiscal year.

About Autodesk

(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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