Baker Tilly Wealth Management LLC Increases Stake in Autodesk, Inc. (NASDAQ:ADSK)

Baker Tilly Wealth Management LLC increased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,844 shares of the software company’s stock after acquiring an additional 112 shares during the quarter. Baker Tilly Wealth Management LLC’s holdings in Autodesk were worth $1,432,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Starboard Value LP bought a new stake in Autodesk during the third quarter valued at about $510,189,000. Point72 Asset Management L.P. boosted its holdings in shares of Autodesk by 366.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 843,040 shares of the software company’s stock valued at $208,610,000 after buying an additional 662,339 shares in the last quarter. International Assets Investment Management LLC grew its position in shares of Autodesk by 58,375.5% in the 3rd quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company’s stock worth $1,564,170,000 after buying an additional 566,826 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Autodesk by 394.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock worth $156,296,000 after acquiring an additional 452,728 shares in the last quarter. Finally, Marshall Wace LLP raised its stake in shares of Autodesk by 818.3% during the 2nd quarter. Marshall Wace LLP now owns 458,337 shares of the software company’s stock worth $113,415,000 after acquiring an additional 408,424 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the sale, the director now owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by company insiders.

Autodesk Price Performance

Autodesk stock traded down $7.48 during trading on Friday, reaching $288.89. The company had a trading volume of 264,099 shares, compared to its average volume of 999,413. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm’s 50-day simple moving average is $301.44 and its 200 day simple moving average is $273.53. The firm has a market capitalization of $62.11 billion, a PE ratio of 57.32, a price-to-earnings-growth ratio of 3.62 and a beta of 1.42. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on ADSK shares. Barclays boosted their target price on Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Macquarie initiated coverage on shares of Autodesk in a research report on Thursday, December 12th. They issued an “outperform” rating and a $380.00 price objective for the company. KeyCorp boosted their target price on shares of Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Hsbc Global Res lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Finally, DA Davidson began coverage on shares of Autodesk in a research note on Friday, September 27th. They set a “neutral” rating and a $260.00 price objective for the company. Nine analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average target price of $326.05.

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.