Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,494 shares of the software company’s stock after acquiring an additional 283 shares during the period. Motley Fool Asset Management LLC’s holdings in Autodesk were worth $1,581,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Founders Financial Securities LLC acquired a new stake in Autodesk in the 3rd quarter worth about $206,000. Newbridge Financial Services Group Inc. raised its holdings in shares of Autodesk by 61.3% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 179 shares of the software company’s stock valued at $37,000 after buying an additional 68 shares during the period. Oak Thistle LLC raised its holdings in shares of Autodesk by 47.4% during the 3rd quarter. Oak Thistle LLC now owns 4,377 shares of the software company’s stock valued at $906,000 after buying an additional 1,408 shares during the period. Czech National Bank raised its holdings in shares of Autodesk by 47.3% during the 3rd quarter. Czech National Bank now owns 37,354 shares of the software company’s stock valued at $7,729,000 after buying an additional 12,002 shares during the period. Finally, Marshall Financial Group LLC raised its holdings in shares of Autodesk by 6.2% during the 3rd quarter. Marshall Financial Group LLC now owns 3,320 shares of the software company’s stock valued at $687,000 after buying an additional 193 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insiders Place Their Bets

In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the stock in a transaction dated Wednesday, March 27th. The stock was 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 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 SEC, which is accessible through this hyperlink. In related news, EVP Rebecca Pearce sold 1,628 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $251.54, for a total value of $409,507.12. Following the transaction, the executive vice president now owns 13,620 shares of the company’s stock, valued at approximately $3,425,974.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew Anagnost sold 21,053 shares of the business’s 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 completion of the transaction, the chief executive officer now owns 105,213 shares in the company, valued at approximately $27,354,327.87. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,166 shares of company stock worth $9,465,055. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on ADSK. TheStreet upgraded Autodesk from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Citigroup boosted their target price on Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Piper Sandler lifted their price target on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Barclays raised their target price on Autodesk from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Finally, Oppenheimer raised their target price on Autodesk from $265.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $272.44.

Autodesk Stock Performance

NASDAQ ADSK traded up $1.53 during trading on Friday, reaching $217.93. 1,277,774 shares of the company’s stock were exchanged, compared to its average volume of 1,470,440. Autodesk, Inc. has a fifty-two week low of $188.38 and a fifty-two week high of $279.53. The stock has a market capitalization of $46.62 billion, a P/E ratio of 51.76, a PEG ratio of 2.96 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. The business has a 50 day moving average price of $247.53 and a 200-day moving average price of $235.31.

Autodesk (NASDAQ:ADSK) last announced its quarterly 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. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. Autodesk’s revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.26 EPS. Sell-side analysts forecast that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Autodesk 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.