Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Journey Strategic Wealth LLC

Journey Strategic Wealth LLC grew its stake in Autodesk, Inc. (NASDAQ:ADSK) by 4.6% during the 4th quarter, Holdings Channel reports. The firm owned 835 shares of the software company’s stock after purchasing an additional 37 shares during the quarter. Journey Strategic Wealth LLC’s holdings in Autodesk were worth $247,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of ADSK. Marshall Financial Group LLC boosted its holdings in shares of Autodesk by 0.8% in the 3rd quarter. Marshall Financial Group LLC now owns 4,491 shares of the software company’s stock valued at $1,237,000 after buying an additional 35 shares in the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in shares of Autodesk by 1.9% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock valued at $551,000 after buying an additional 35 shares in the last quarter. Grove Bank & Trust boosted its holdings in shares of Autodesk by 9.2% in the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after buying an additional 37 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Autodesk by 11.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock valued at $106,000 after buying an additional 38 shares in the last quarter. Finally, Avitas Wealth Management LLC boosted its stake in Autodesk by 0.8% during the 3rd quarter. Avitas Wealth Management LLC now owns 5,577 shares of the software company’s stock worth $1,536,000 after purchasing an additional 42 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ADSK. Citigroup increased their price target on shares of Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. Wells Fargo & Company upped their price objective on shares of Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Macquarie started coverage on shares of Autodesk in a research report on Thursday, December 12th. They set an “outperform” rating and a $380.00 price objective for the company. Finally, Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $331.50.

Autodesk Stock Performance

Shares of ADSK opened at $306.23 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a market cap of $65.84 billion, a P/E ratio of 60.76, a PEG ratio of 3.67 and a beta of 1.43. The company has a 50-day moving average of $299.08 and a two-hundred day moving average of $279.55. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.33 earnings per share. As a group, research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Autodesk Company 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.