Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 92,158 shares of the software company’s stock after acquiring an additional 1,564 shares during the quarter. Corient Private Wealth LLC’s holdings in Autodesk were worth $22,439,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank purchased a new stake in shares of Autodesk in the fourth quarter worth about $619,404,000. Meritage Group LP purchased a new stake in shares of Autodesk in the third quarter worth about $170,972,000. Cantillon Capital Management LLC boosted its position in shares of Autodesk by 35.1% in the fourth quarter. Cantillon Capital Management LLC now owns 1,702,608 shares of the software company’s stock worth $414,551,000 after buying an additional 442,005 shares during the period. Los Angeles Capital Management LLC boosted its position in shares of Autodesk by 4,112.0% in the third quarter. Los Angeles Capital Management LLC now owns 446,047 shares of the software company’s stock worth $92,292,000 after buying an additional 435,457 shares during the period. Finally, Baillie Gifford & Co. boosted its position in shares of Autodesk by 48.0% in the fourth quarter. Baillie Gifford & Co. now owns 1,322,121 shares of the software company’s stock worth $321,910,000 after buying an additional 429,071 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CEO Andrew Anagnost sold 21,053 shares of the business’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 of the company’s stock, valued at approximately $27,354,327.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Deborah Clifford sold 5,553 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $260.01, for a total value of $1,443,835.53. Following the transaction, the chief financial officer now directly owns 32,259 shares of the company’s stock, valued at approximately $8,387,662.59. The disclosure for this sale can be found here. Insiders sold 35,616 shares of company stock valued at $9,319,448 over the last quarter. Insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

ADSK opened at $215.16 on Friday. The firm has a market cap of $46.36 billion, a PE ratio of 51.11, a P/E/G ratio of 3.02 and a beta of 1.45. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $279.53. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. The business has a fifty day simple moving average of $232.39 and a 200-day simple moving average of $236.93.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the previous year, the firm earned $1.26 earnings per share. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, equities analysts predict that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $320.00 target price on shares of Autodesk in a research report on Monday, April 1st. Stifel Nicolaus reduced their price target on Autodesk from $316.00 to $290.00 and set a “buy” rating for the company in a report on Thursday. Barclays increased their price target on Autodesk from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, March 1st. KeyCorp cut their price objective on Autodesk from $320.00 to $305.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Rosenblatt Securities upped their price objective on Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $270.17.

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.