Savant Capital LLC Boosts Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Savant Capital LLC raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 30.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,038 shares of the software company’s stock after acquiring an additional 701 shares during the period. Savant Capital LLC’s holdings in Autodesk were worth $740,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in the business. Mission Wealth Management LP boosted its holdings in Autodesk by 4.9% in the fourth quarter. Mission Wealth Management LP now owns 6,901 shares of the software company’s stock valued at $1,680,000 after purchasing an additional 323 shares during the last quarter. Epic Trust Investment Advisors LLC boosted its stake in shares of Autodesk by 3.7% during the 4th quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company’s stock worth $331,000 after acquiring an additional 49 shares in the last quarter. Intrust Bank NA boosted its stake in shares of Autodesk by 11.7% during the 4th quarter. Intrust Bank NA now owns 2,169 shares of the software company’s stock worth $528,000 after acquiring an additional 227 shares in the last quarter. Investment House LLC boosted its stake in shares of Autodesk by 0.3% during the 4th quarter. Investment House LLC now owns 55,120 shares of the software company’s stock worth $13,421,000 after acquiring an additional 140 shares in the last quarter. Finally, Choreo LLC purchased a new stake in shares of Autodesk during the 4th quarter worth about $208,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Up 2.5 %

ADSK stock opened at $215.19 on Friday. The company has a market cap of $46.37 billion, a price-to-earnings ratio of 51.11, a PEG ratio of 2.89 and a beta of 1.45. 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, Inc. has a 12 month low of $189.54 and a 12 month high of $279.53. The firm has a 50-day moving average of $243.24 and a two-hundred day moving average of $235.35.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. The company had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. Autodesk’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.26 EPS. As a group, analysts forecast that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ADSK shares. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 target price on shares of Autodesk in a research note on Monday, April 1st. The Goldman Sachs Group increased their target price on shares of Autodesk from $180.00 to $230.00 and gave the stock a “sell” rating in a research note on Friday, March 1st. Mizuho increased their target price on shares of Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Citigroup increased their target price on shares of Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Finally, Oppenheimer upped their price target on shares of Autodesk from $265.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Autodesk presently has an average rating of “Hold” and an average target price of $274.67.

Insider Buying and Selling at Autodesk

In other news, CEO Andrew Anagnost sold 21,053 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Andrew Anagnost sold 21,053 shares of the firm’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $1,375,000.00. Following 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 36,166 shares of company stock worth $9,465,055. Insiders own 0.14% of the company’s stock.

About Autodesk

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.