Cwm LLC Increases Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Cwm LLC boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,651 shares of the software company’s stock after purchasing an additional 205 shares during the period. Cwm LLC’s holdings in Autodesk were worth $16,988,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Trust Point Inc. purchased a new stake in Autodesk in the 4th quarter valued at about $243,000. International Assets Investment Management LLC grew its position in Autodesk by 3,539.1% in the 4th quarter. International Assets Investment Management LLC now owns 227,410 shares of the software company’s stock valued at $55,370,000 after acquiring an additional 221,161 shares in the last quarter. Prime Capital Investment Advisors LLC purchased a new stake in Autodesk during the fourth quarter worth about $385,000. CENTRAL TRUST Co lifted its position in shares of Autodesk by 7.3% during the fourth quarter. CENTRAL TRUST Co now owns 1,344 shares of the software company’s stock worth $327,000 after purchasing an additional 92 shares in the last quarter. Finally, 180 Wealth Advisors LLC acquired a new stake in shares of Autodesk during the fourth quarter worth about $356,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, COO Steven M. Blum sold 17,413 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $226.40, for a total value of $3,942,303.20. Following the sale, the chief operating officer now directly owns 54,136 shares in the company, valued at approximately $12,256,390.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, COO Steven M. Blum sold 19,693 shares of the company’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $250.00, for a total value of $4,923,250.00. Following the sale, the chief operating officer now directly owns 34,443 shares in the company, valued at $8,610,750. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Steven M. Blum sold 17,413 shares of the firm’s stock in a transaction dated Friday, June 14th. The stock was sold at an average price of $226.40, for a total transaction of $3,942,303.20. Following the sale, the chief operating officer now directly owns 54,136 shares in the company, valued at $12,256,390.40. The disclosure for this sale can be found here. Insiders have sold a total of 39,381 shares of company stock worth $9,401,282 in the last quarter. Company insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

Autodesk stock traded down $1.66 during trading hours on Wednesday, reaching $232.57. 875,699 shares of the stock were exchanged, compared to its average volume of 1,702,457. The stock has a market cap of $50.12 billion, a P/E ratio of 50.34, a P/E/G ratio of 3.23 and a beta of 1.48. The firm’s 50 day moving average is $236.72 and its 200 day moving average is $239.96. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $279.53.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, June 11th. The software company reported $1.87 EPS for the quarter, beating the consensus estimate of $1.77 by $0.10. The business had revenue of $1.42 billion during the quarter, compared to analysts’ expectations of $1.39 billion. Autodesk had a return on equity of 65.46% and a net margin of 17.66%. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm earned $1.55 EPS. Analysts predict that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on ADSK shares. Royal Bank of Canada reissued an “outperform” rating and set a $260.00 target price on shares of Autodesk in a research note on Tuesday, June 18th. Robert W. Baird cut their target price on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 29th. Piper Sandler reaffirmed a “neutral” rating and issued a $239.00 target price on shares of Autodesk in a report on Wednesday, June 12th. Mizuho lowered their price target on shares of Autodesk from $270.00 to $230.00 and set a “neutral” rating for the company in a report on Tuesday, June 4th. Finally, Stifel Nicolaus dropped their price objective on shares of Autodesk from $316.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday, May 23rd. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Autodesk presently has a consensus rating of “Hold” and a consensus target price of $262.42.

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.