HighPoint Advisor Group LLC Invests $1.19 Million in Autodesk, Inc. (NASDAQ:ADSK)

HighPoint Advisor Group LLC purchased a new position in Autodesk, Inc. (NASDAQ:ADSKFree Report) during the 4th quarter, HoldingsChannel reports. The fund purchased 4,566 shares of the software company’s stock, valued at approximately $1,194,000.

Several other institutional investors have also recently made changes to their positions in ADSK. Vanguard Group Inc. increased its stake in Autodesk by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 19,038,677 shares of the software company’s stock valued at $4,635,537,000 after acquiring an additional 310,081 shares during the last quarter. Clearbridge Investments LLC increased its stake in Autodesk by 1.2% in the third quarter. Clearbridge Investments LLC now owns 3,018,078 shares of the software company’s stock valued at $624,471,000 after acquiring an additional 35,105 shares during the last quarter. FIL Ltd increased its stake in Autodesk by 19.6% in the fourth quarter. FIL Ltd now owns 2,921,044 shares of the software company’s stock valued at $711,216,000 after acquiring an additional 479,559 shares during the last quarter. Brown Advisory Inc. boosted its position in Autodesk by 12.9% during the fourth quarter. Brown Advisory Inc. now owns 2,859,954 shares of the software company’s stock valued at $696,342,000 after buying an additional 327,144 shares during the period. Finally, Northern Trust Corp boosted its position in Autodesk by 1.7% during the third quarter. Northern Trust Corp now owns 2,548,156 shares of the software company’s stock valued at $527,239,000 after buying an additional 43,293 shares during the period. Institutional investors own 90.24% of the company’s stock.

Insiders Place Their Bets

In other Autodesk news, CFO Deborah Clifford sold 5,553 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $260.01, for a total transaction of $1,443,835.53. Following the transaction, the chief financial officer now owns 32,259 shares of the company’s stock, valued at approximately $8,387,662.59. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CFO Deborah Clifford sold 5,553 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $260.01, for a total transaction of $1,443,835.53. Following the completion of the sale, the chief financial officer now directly owns 32,259 shares in the company, valued at approximately $8,387,662.59. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, 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 value of $5,473,569.47. Following the sale, the chief executive officer now owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The disclosure for this sale can be found here. Insiders have sold a total of 47,501 shares of company stock valued at $11,714,162 in the last quarter. 0.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Berenberg Bank downgraded shares of Autodesk from a “buy” rating to a “hold” rating and set a $295.00 price target for the company. in a research report on Wednesday, May 1st. The Goldman Sachs Group raised their price target on shares of Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a research report on Friday, March 1st. Piper Sandler reissued a “neutral” rating and set a $239.00 price target on shares of Autodesk in a research report on Wednesday, June 12th. BMO Capital Markets reduced their price target on shares of Autodesk from $293.00 to $254.00 and set a “market perform” rating for the company in a research report on Wednesday, June 12th. Finally, Robert W. Baird dropped their target price on shares of Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a report on Wednesday, May 29th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $262.42.

View Our Latest Report on Autodesk

Autodesk Price Performance

ADSK stock traded up $4.06 on Tuesday, reaching $244.57. The company had a trading volume of 354,071 shares, compared to its average volume of 1,697,486. Autodesk, Inc. has a 1 year low of $192.01 and a 1 year high of $279.53. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.69 and a current ratio of 0.69. The company’s fifty day moving average is $218.62 and its 200 day moving average is $237.94. The company has a market cap of $52.83 billion, a P/E ratio of 52.06, a PEG ratio of 3.02 and a beta of 1.43.

Autodesk (NASDAQ:ADSKGet Free Report) last posted its earnings results on Tuesday, June 11th. The software company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.77 by $0.10. Autodesk had a return on equity of 65.46% and a net margin of 17.66%. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the company earned $1.55 EPS. Autodesk’s revenue was up 11.7% on a year-over-year basis. On average, research analysts forecast that Autodesk, Inc. will post 5.55 earnings per share for the current year.

Autodesk Company 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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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