Strengthening Families & Communities LLC Sells 7,222 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Strengthening Families & Communities LLC decreased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 97.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 194 shares of the software company’s stock after selling 7,222 shares during the quarter. Strengthening Families & Communities LLC’s holdings in Autodesk were worth $57,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Panoramic Capital Partners LLC bought a new stake in Autodesk during the 4th quarter valued at approximately $268,000. Equitable Trust Co. boosted its stake in Autodesk by 27.8% during the 4th quarter. Equitable Trust Co. now owns 3,691 shares of the software company’s stock valued at $1,091,000 after purchasing an additional 803 shares during the period. Soltis Investment Advisors LLC boosted its stake in Autodesk by 438.2% during the 4th quarter. Soltis Investment Advisors LLC now owns 16,684 shares of the software company’s stock valued at $4,931,000 after purchasing an additional 13,584 shares during the period. Elevate Capital Advisors LLC bought a new stake in Autodesk during the 4th quarter valued at approximately $1,087,000. Finally, Savant Capital LLC boosted its stake in Autodesk by 5.5% during the 4th quarter. Savant Capital LLC now owns 3,401 shares of the software company’s stock valued at $1,005,000 after purchasing an additional 176 shares during the period. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

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

Autodesk Trading Up 1.3 %

ADSK stock opened at $304.99 on Tuesday. The business has a fifty day moving average price of $299.53 and a 200 day moving average price of $281.78. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The stock has a market capitalization of $65.57 billion, a price-to-earnings ratio of 60.51, a P/E/G ratio of 3.17 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

Autodesk (NASDAQ:ADSK) last released 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. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm posted $1.33 EPS. Analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and upped their price target for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Scotiabank assumed coverage on Autodesk in a report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 price target for the company. Citigroup upped their price target on Autodesk from $358.00 to $361.00 and gave the company a “buy” rating in a report on Friday, November 29th. KeyCorp upped their price target on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company upped their price target on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $333.77.

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.