Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Cerity Partners LLC

Cerity Partners LLC grew its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 16.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,817 shares of the software company's stock after purchasing an additional 16,288 shares during the quarter. Cerity Partners LLC owned about 0.06% of Autodesk worth $28,686,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. First Manhattan Co. grew its stake in shares of Autodesk by 342.9% in the 1st quarter. First Manhattan Co. now owns 155 shares of the software company's stock valued at $33,000 after buying an additional 120 shares during the period. Operose Advisors LLC purchased a new position in Autodesk in the third quarter worth approximately $35,000. AdvisorNet Financial Inc increased its stake in Autodesk by 67.1% during the fourth quarter. AdvisorNet Financial Inc now owns 142 shares of the software company's stock worth $35,000 after acquiring an additional 57 shares during the last quarter. Carolinas Wealth Consulting LLC raised its position in Autodesk by 140.6% in the first quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the software company's stock valued at $35,000 after purchasing an additional 97 shares during the period. Finally, Worth Asset Management LLC purchased a new stake in Autodesk in the first quarter valued at $36,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Down 1.7 %

Shares of ADSK traded down $4.08 during midday trading on Friday, reaching $236.98. The stock had a trading volume of 1,617,057 shares, compared to its average volume of 1,183,725. The company has a market cap of $50.69 billion, a price-to-earnings ratio of 56.29, a PEG ratio of 3.31 and a beta of 1.43. The company's fifty day simple moving average is $255.73 and its two-hundred day simple moving average is $234.47. Autodesk, Inc. has a 1-year low of $188.38 and a 1-year high of $279.53. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.14. The company had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. Autodesk's quarterly revenue was up 11.5% on a year-over-year basis. During the same period last year, the firm earned $1.26 earnings per share. Equities research analysts expect that Autodesk, Inc. will post 5.38 earnings per share for the current year.

Insider Buying and Selling

In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the firm's stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total transaction 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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Stephen W. Hope sold 1,757 shares of the business's stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total value of $457,645.79. Following the completion of the sale, the chief accounting officer now directly owns 3,450 shares of the company's stock, valued at approximately $898,621.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Anagnost sold 21,053 shares of the company's stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the completion of the sale, the chief executive officer now directly 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 sold a total of 46,770 shares of company stock worth $12,065,385 over the last 90 days. 0.14% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Piper Sandler raised their price objective on Autodesk from $234.00 to $260.00 and gave the stock a "neutral" rating in a research report on Friday, March 1st. KeyCorp boosted their price target on shares of Autodesk from $275.00 to $320.00 and gave the company an "overweight" rating in a research note on Friday, March 1st. Oppenheimer lifted their target price on shares of Autodesk from $265.00 to $315.00 and gave the company an "outperform" rating in a report on Friday, March 1st. Barclays upped their price target on Autodesk from $300.00 to $310.00 and gave the stock an "overweight" rating in a research note on Friday, March 1st. Finally, Piper Sandler Companies lifted their price objective on Autodesk from $234.00 to $260.00 and gave the company a "neutral" rating in a research note on Friday, March 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the company. Based on data from MarketBeat, Autodesk presently has a consensus rating of "Moderate Buy" and a consensus price target of $272.44.

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.