abrdn plc Acquires 95,723 Shares of Autodesk, Inc. (NASDAQ:ADSK)

abrdn plc raised its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 26.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 460,759 shares of the software company's stock after purchasing an additional 95,723 shares during the quarter. abrdn plc owned about 0.22% of Autodesk worth $112,186,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in Autodesk in the fourth quarter valued at $28,000. First Manhattan Co. boosted its holdings in shares of Autodesk by 342.9% in the first quarter. First Manhattan Co. now owns 155 shares of the software company's stock valued at $33,000 after acquiring an additional 120 shares in the last quarter. Operose Advisors LLC purchased a new stake in shares of Autodesk in the third quarter valued at about $35,000. AdvisorNet Financial Inc boosted its holdings in shares of Autodesk by 67.1% in the fourth quarter. AdvisorNet Financial Inc now owns 142 shares of the software company's stock valued at $35,000 after acquiring an additional 57 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC boosted its holdings in shares of 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 acquiring an additional 97 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Trading Up 2.8 %

Shares of NASDAQ:ADSK traded up $5.87 during midday trading on Friday, reaching $216.50. The company's stock had a trading volume of 3,157,485 shares, compared to its average volume of 1,601,775. The firm has a market cap of $46.31 billion, a price-to-earnings ratio of 51.43, a price-to-earnings-growth ratio of 2.98 and a beta of 1.43. The business has a 50 day moving average price of $251.86 and a 200 day moving average price of $235.39. Autodesk, Inc. has a 1 year low of $188.38 and a 1 year high of $279.53. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the previous year, the company earned $1.26 EPS. The business's quarterly revenue was up 11.5% compared to the same quarter last year. Research analysts forecast that Autodesk, Inc. will post 5.38 EPS for the current year.

Analysts Set New Price Targets

ADSK has been the topic of several analyst reports. Barclays lifted their target price on shares of Autodesk from $300.00 to $310.00 and gave the company an "overweight" rating in a report on Friday, March 1st. StockNews.com raised shares of Autodesk from a "buy" rating to a "strong-buy" rating in a report on Thursday. Oppenheimer boosted their price objective on shares of Autodesk from $265.00 to $315.00 and gave the stock an "outperform" rating in a report on Friday, March 1st. Stifel Nicolaus reissued a "buy" rating and set a $316.00 price objective on shares of Autodesk in a report on Friday, April 12th. Finally, Citigroup boosted their price objective on shares of Autodesk from $276.00 to $307.00 and gave the stock a "buy" rating in a report on Monday, February 26th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $272.44.

Insider Activity at Autodesk

In other news, Director Mary T. Mcdowell sold 5,000 shares of Autodesk stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $275.00, for a total transaction of $1,375,000.00. Following the sale, the director now directly owns 33,766 shares of the company's stock, valued at $9,285,650. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $264.74, for a total transaction of $145,607.00. Following the sale, the director now owns 38,766 shares of the company's stock, valued at approximately $10,262,910.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mary T. Mcdowell sold 5,000 shares of Autodesk stock in a transaction on Friday, March 1st. The shares were sold at an average price of $275.00, for a total value of $1,375,000.00. Following the transaction, the director now owns 33,766 shares in the company, valued at $9,285,650. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,666 shares of company stock worth $10,090,055. 0.14% of the stock is currently owned by corporate insiders.

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.