Patriot Financial Group Insurance Agency LLC Buys New Stake in Autodesk, Inc. (NASDAQ:ADSK)

Patriot Financial Group Insurance Agency LLC bought a new stake in Autodesk, Inc. (NASDAQ:ADSKFree Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 977 shares of the software company’s stock, valued at approximately $238,000.

Other large investors have also recently added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased its position in Autodesk by 86.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company’s stock valued at $1,959,000 after acquiring an additional 4,381 shares during the period. CWA Asset Management Group LLC acquired a new position in shares of Autodesk during the 3rd quarter valued at $330,000. Carnegie Capital Asset Management LLC increased its position in shares of Autodesk by 60.5% during the 3rd quarter. Carnegie Capital Asset Management LLC now owns 19,776 shares of the software company’s stock valued at $4,092,000 after purchasing an additional 7,451 shares during the period. Columbia Trust Co 01012016 increased its position in shares of Autodesk by 13.1% during the 4th quarter. Columbia Trust Co 01012016 now owns 4,355 shares of the software company’s stock valued at $1,060,000 after purchasing an additional 503 shares during the period. Finally, Matrix Capital Management Company LP acquired a new position in shares of Autodesk during the 2nd quarter valued at $24,349,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $240.28, for a total transaction of $132,154.00. Following the completion of the sale, the director now owns 41,816 shares in the company, valued at approximately $10,047,548.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Mary T. Mcdowell sold 5,000 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $275.00, for a total transaction of $1,375,000.00. Following the completion of the sale, the director now owns 33,766 shares in the company, valued at approximately $9,285,650. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $240.28, for a total value of $132,154.00. Following the sale, the director now owns 41,816 shares of the company’s stock, valued at approximately $10,047,548.48. The disclosure for this sale can be found here. Insiders have sold 46,695 shares of company stock worth $12,046,658 over the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Performance

Shares of ADSK stock opened at $260.42 on Monday. Autodesk, Inc. has a 1-year low of $188.38 and a 1-year 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. The company has a market capitalization of $55.70 billion, a price-to-earnings ratio of 61.86, a P/E/G ratio of 3.58 and a beta of 1.43. The stock’s fifty day simple moving average is $257.43 and its 200-day simple moving average is $232.15.

Autodesk (NASDAQ:ADSKGet Free Report) last issued its earnings results on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the company posted $1.26 earnings per share. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, sell-side analysts predict that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ADSK shares. KeyCorp lifted their price target on Autodesk from $275.00 to $320.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Bank Of America (Bofa) lifted their price target on Autodesk from $235.00 to $240.00 in a research report on Monday, December 11th. Mizuho lifted their price target on 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 boosted their target price on Autodesk from $232.00 to $293.00 and gave the stock a “market perform” rating in a research report on Friday, March 1st. Finally, Berenberg Bank boosted their target price on Autodesk from $228.50 to $255.00 in a research report on Monday, December 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. According to data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and an average price target of $270.78.

Get Our Latest Report on ADSK

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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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