HF Advisory Group LLC Purchases 122 Shares of Autodesk, Inc. (NASDAQ:ADSK)

HF Advisory Group LLC raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 12.3% in the fourth quarter, HoldingsChannel reports. The firm owned 1,110 shares of the software company’s stock after acquiring an additional 122 shares during the period. HF Advisory Group LLC’s holdings in Autodesk were worth $270,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rakuten Securities Inc. bought a new stake in Autodesk during the 4th quarter valued at $28,000. AdvisorNet Financial Inc raised its position in Autodesk by 67.1% during the 4th quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock valued at $35,000 after purchasing an additional 57 shares in the last quarter. First Manhattan Co. raised its position in shares of Autodesk by 342.9% in the 1st quarter. First Manhattan Co. now owns 155 shares of the software company’s stock worth $33,000 after acquiring an additional 120 shares in the last quarter. Carolinas Wealth Consulting LLC raised its position in shares of Autodesk by 140.6% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the software company’s stock worth $35,000 after acquiring an additional 97 shares in the last quarter. Finally, Operose Advisors LLC bought a new position in shares of Autodesk in the 3rd quarter worth $35,000. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Down 2.0 %

Autodesk stock opened at $210.63 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82. The business’s 50-day simple moving average is $252.86 and its two-hundred day simple moving average is $234.92. The company has a market cap of $45.05 billion, a PE ratio of 50.03, a PEG ratio of 3.14 and a beta of 1.43. Autodesk, Inc. has a fifty-two week low of $188.38 and a fifty-two week high of $279.53.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. The firm 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 company’s revenue was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.26 earnings per share. Equities analysts anticipate that Autodesk, Inc. will post 5.38 EPS for the current year.

Insider Buying and Selling

In related news, CEO Andrew Anagnost sold 21,053 shares of the firm’s 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 sale, the chief executive officer now directly owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Mary T. Mcdowell sold 2,500 shares of the firm’s stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $250.00, for a total transaction of $625,000.00. Following the sale, the director now directly owns 39,316 shares of the company’s stock, valued at $9,829,000. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Andrew Anagnost sold 21,053 shares of the 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 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. Insiders have sold a total of 38,666 shares of company stock valued at $10,090,055 over the last ninety days. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on ADSK shares. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price target on shares of Autodesk in a research report on Monday, April 1st. Rosenblatt Securities boosted their price target on Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. StockNews.com raised Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Mizuho boosted their target price on Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Finally, TheStreet upgraded Autodesk from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus price target of $272.44.

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.