Apollon Wealth Management LLC Grows Position in Autodesk, Inc. (NASDAQ:ADSK)

Apollon Wealth Management LLC increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 162.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,465 shares of the software company’s stock after purchasing an additional 5,234 shares during the period. Apollon Wealth Management LLC’s holdings in Autodesk were worth $2,061,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADSK. Commonwealth Equity Services LLC lifted its position in Autodesk by 8.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 26,477 shares of the software company’s stock valued at $5,478,000 after acquiring an additional 2,092 shares during the period. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of Autodesk by 0.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 57,516 shares of the software company’s stock valued at $11,901,000 after purchasing an additional 314 shares during the last quarter. Stratos Wealth Partners LTD. boosted its position in shares of Autodesk by 19.4% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 1,448 shares of the software company’s stock worth $300,000 after purchasing an additional 235 shares in the last quarter. Lindbrook Capital LLC grew its stake in shares of Autodesk by 11.4% in the 3rd quarter. Lindbrook Capital LLC now owns 527 shares of the software company’s stock worth $109,000 after buying an additional 54 shares during the last quarter. Finally, Mackenzie Financial Corp increased its position in Autodesk by 8.7% during the 3rd quarter. Mackenzie Financial Corp now owns 151,450 shares of the software company’s stock valued at $30,787,000 after buying an additional 12,092 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on ADSK shares. Stifel Nicolaus reissued a “buy” rating and issued a $316.00 target price on shares of Autodesk in a report on Friday, April 12th. Piper Sandler Companies increased their price objective on shares of Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Mizuho raised their price objective on shares of Autodesk from $220.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Rosenblatt Securities upped their target price on shares of Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Piper Sandler increased their target price on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $274.67.

Autodesk Stock Performance

NASDAQ ADSK traded down $0.50 during trading hours on Wednesday, hitting $214.12. 196,195 shares of the company’s stock traded hands, compared to its average volume of 1,458,643. Autodesk, Inc. has a 52 week low of $190.95 and a 52 week high of $279.53. The firm has a market capitalization of $46.14 billion, a P/E ratio of 50.84, a P/E/G ratio of 2.96 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. The business’s fifty day moving average price is $241.58 and its two-hundred day moving average price is $235.84.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.14. The business had revenue of $1.47 billion for 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%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.26 EPS. Equities research analysts predict that Autodesk, Inc. will post 5.38 EPS for the current year.

Insider Buying and Selling

In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total value of $457,645.79. Following the transaction, the chief accounting officer now owns 3,450 shares of the company’s stock, valued at approximately $898,621.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total value of $457,645.79. Following the completion of the sale, the chief accounting officer now directly owns 3,450 shares of the company’s stock, valued at approximately $898,621.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Andrew Anagnost sold 21,053 shares of the company’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 completion of the transaction, the chief executive officer now owns 105,213 shares in the company, valued at $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 valued at $9,465,055. Company insiders own 0.14% of the company’s stock.

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.