Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 226.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,523 shares of the software company’s stock after buying an additional 3,831 shares during the period. Sequoia Financial Advisors LLC’s holdings in Autodesk were worth $1,345,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also added to or reduced their stakes in the company. Baillie Gifford & Co. grew its stake in Autodesk by 48.0% during the 4th quarter. Baillie Gifford & Co. now owns 1,322,121 shares of the software company’s stock valued at $321,910,000 after purchasing an additional 429,071 shares during the last quarter. Tobam grew its stake in Autodesk by 32.8% during the 4th quarter. Tobam now owns 766 shares of the software company’s stock valued at $187,000 after purchasing an additional 189 shares during the last quarter. Allspring Global Investments Holdings LLC grew its stake in Autodesk by 11.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 145,055 shares of the software company’s stock valued at $35,318,000 after purchasing an additional 15,198 shares during the last quarter. Fortem Financial Group LLC grew its stake in Autodesk by 36.2% during the 4th quarter. Fortem Financial Group LLC now owns 4,627 shares of the software company’s stock valued at $1,127,000 after purchasing an additional 1,229 shares during the last quarter. Finally, BSW Wealth Partners purchased a new stake in Autodesk during the 4th quarter valued at about $214,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Activity

In other news, Director Mary T. Mcdowell sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $275.00, for a total value of $1,375,000.00. Following the transaction, the director now owns 33,766 shares in the company, valued at $9,285,650. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 in the company, valued at $10,047,548.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Mary T. Mcdowell sold 5,000 shares of Autodesk stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $275.00, for a total value of $1,375,000.00. Following the transaction, the director now owns 33,766 shares in the company, valued at approximately $9,285,650. The disclosure for this sale can be found here. Insiders have sold a total of 46,770 shares of company stock worth $12,065,385 over the last quarter. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on ADSK. The Goldman Sachs Group boosted their price target on Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a research note on Friday, March 1st. Oppenheimer upped their target price on Autodesk from $265.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. Piper Sandler Companies upped their target price on Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. KeyCorp upped their target price on Autodesk from $275.00 to $320.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $320.00 target price on shares of Autodesk in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $272.44.

Autodesk Stock Performance

NASDAQ ADSK opened at $236.98 on Friday. The company has a market cap of $50.69 billion, a PE ratio of 56.29, a price-to-earnings-growth ratio of 3.31 and a beta of 1.43. The stock’s 50 day simple moving average is $255.73 and its 200-day simple moving average is $234.70. Autodesk, Inc. has a 1-year low of $188.38 and a 1-year high of $279.53. 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 (NASDAQ:ADSK) last released its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.14. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The business’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 earnings per share. As a group, equities research analysts anticipate that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

Autodesk Company 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.