Private Advisor Group LLC Purchases 120 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Private Advisor Group LLC increased its position in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 1.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 10,952 shares of the software company’s stock after buying an additional 120 shares during the quarter. Private Advisor Group LLC’s holdings in Autodesk were worth $2,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Autodesk by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 19,038,677 shares of the software company’s stock worth $4,635,537,000 after acquiring an additional 310,081 shares in the last quarter. FIL Ltd grew its position in Autodesk by 19.6% in the 4th quarter. FIL Ltd now owns 2,921,044 shares of the software company’s stock valued at $711,216,000 after purchasing an additional 479,559 shares during the period. Brown Advisory Inc. raised its holdings in Autodesk by 12.9% during the fourth quarter. Brown Advisory Inc. now owns 2,859,954 shares of the software company’s stock worth $696,342,000 after buying an additional 327,144 shares during the last quarter. Norges Bank acquired a new stake in shares of Autodesk in the 4th quarter worth about $619,404,000. Finally, Morgan Stanley raised its stake in shares of Autodesk by 4.5% in the third quarter. Morgan Stanley now owns 2,378,796 shares of the software company’s stock worth $492,197,000 after purchasing an additional 102,035 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ADSK. Barclays dropped their price target on shares of Autodesk from $310.00 to $275.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 12th. Piper Sandler restated a “neutral” rating and issued a $239.00 target price on shares of Autodesk in a research note on Wednesday, June 12th. BMO Capital Markets decreased their price target on Autodesk from $293.00 to $254.00 and set a “market perform” rating for the company in a research report on Wednesday, June 12th. Mizuho cut their price objective on Autodesk from $270.00 to $230.00 and set a “neutral” rating on the stock in a research report on Tuesday, June 4th. Finally, Berenberg Bank lowered Autodesk from a “buy” rating to a “hold” rating and set a $295.00 target price for the company. in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $262.42.

Read Our Latest Stock Report on Autodesk

Autodesk Stock Performance

Shares of ADSK opened at $247.87 on Monday. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $279.53. The stock’s 50-day simple moving average is $224.12 and its 200 day simple moving average is $239.38. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. The stock has a market capitalization of $53.42 billion, a price-to-earnings ratio of 53.65, a price-to-earnings-growth ratio of 3.31 and a beta of 1.48.

Autodesk (NASDAQ:ADSKGet Free Report) last announced its quarterly earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.77 by $0.10. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.39 billion. Autodesk had a net margin of 17.66% and a return on equity of 65.46%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $1.55 earnings per share. Research analysts forecast that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Monday, June 17th. The stock was sold at an average price of $235.00, for a total transaction of $129,250.00. Following the completion of the sale, the director now owns 31,566 shares of the company’s stock, valued at $7,418,010. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $235.00, for a total value of $129,250.00. Following the transaction, the director now directly owns 31,566 shares in the company, valued at $7,418,010. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Mary T. Mcdowell sold 1,100 shares of Autodesk stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $226.21, for a total transaction of $248,831.00. Following the sale, the director now owns 32,116 shares of the company’s stock, valued at $7,264,960.36. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 19,138 shares of company stock valued at $4,338,701. 0.14% of the stock is currently owned by company insiders.

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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