SageView Advisory Group LLC Acquires 204 Shares of Autodesk, Inc. (NASDAQ:ADSK)

SageView Advisory Group LLC raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) by 0.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 35,070 shares of the software company’s stock after buying an additional 204 shares during the period. SageView Advisory Group LLC’s holdings in Autodesk were worth $8,994,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. US Bancorp DE lifted its holdings in Autodesk by 2.3% during the 4th quarter. US Bancorp DE now owns 50,443 shares of the software company’s stock valued at $12,282,000 after purchasing an additional 1,117 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Autodesk by 58.0% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock worth $4,297,000 after purchasing an additional 6,481 shares during the period. Financial Advisors Network Inc. increased its position in shares of Autodesk by 7.4% in the fourth quarter. Financial Advisors Network Inc. now owns 18,821 shares of the software company’s stock worth $4,583,000 after purchasing an additional 1,294 shares during the period. EverSource Wealth Advisors LLC grew its position in Autodesk by 48.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 579 shares of the software company’s stock valued at $141,000 after acquiring an additional 189 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in Autodesk by 0.3% in the fourth quarter. Franklin Resources Inc. now owns 785,298 shares of the software company’s stock valued at $191,204,000 after acquiring an additional 2,177 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. Stifel Nicolaus decreased their target price on Autodesk from $316.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday. Mizuho lifted their target price on Autodesk from $220.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. The Goldman Sachs Group lifted their price target on Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a research note on Friday, March 1st. Piper Sandler Companies lifted their price target on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Finally, Oppenheimer cut their price target on Autodesk from $315.00 to $275.00 and set an “outperform” rating on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $270.17.

View Our Latest Research Report on ADSK

Autodesk Stock Down 2.2 %

Shares of NASDAQ ADSK traded down $4.80 during midday trading on Thursday, hitting $215.16. 1,735,552 shares of the stock traded hands, compared to its average volume of 1,454,033. The company has a market cap of $46.36 billion, a PE ratio of 51.65, a P/E/G ratio of 3.03 and a beta of 1.45. Autodesk, Inc. has a one year low of $192.01 and a one year high of $279.53. The business has a 50 day moving average price of $233.25 and a two-hundred day moving average price of $237.08. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82.

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

Insider Buying and Selling

In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $27,354,327.87. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Andrew Anagnost sold 21,053 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 105,213 shares of the company’s stock, 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 company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $275.00, for a total value of $1,375,000.00. Following the transaction, the director now directly owns 33,766 shares in the company, valued at approximately $9,285,650. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,616 shares of company stock worth $9,319,448. 0.14% of the stock is owned by corporate insiders.

Autodesk 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.

Read More

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSKFree Report).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.