Unique Wealth Strategies LLC Purchases New Shares in Autodesk, Inc. (NASDAQ:ADSK)

Unique Wealth Strategies LLC acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 6,471 shares of the software company's stock, valued at approximately $1,576,000. Autodesk accounts for 1.1% of Unique Wealth Strategies LLC's investment portfolio, making the stock its 21st biggest position.

Other institutional investors also recently bought and sold shares of the company. Czech National Bank boosted its holdings in shares of Autodesk by 47.3% in the third quarter. Czech National Bank now owns 37,354 shares of the software company's stock valued at $7,729,000 after acquiring an additional 12,002 shares in the last quarter. Connecticut Wealth Management LLC boosted its holdings in Autodesk by 25.5% during the third quarter. Connecticut Wealth Management LLC now owns 1,355 shares of the software company's stock worth $280,000 after buying an additional 275 shares in the last quarter. Slow Capital Inc. boosted its holdings in Autodesk by 0.5% during the third quarter. Slow Capital Inc. now owns 14,277 shares of the software company's stock worth $2,954,000 after buying an additional 70 shares in the last quarter. Valeo Financial Advisors LLC purchased a new stake in Autodesk during the third quarter worth about $224,000. Finally, Highview Capital Management LLC DE purchased a new stake in Autodesk during the third quarter worth about $699,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Rebecca Pearce sold 1,628 shares of the company's stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $251.54, for a total value of $409,507.12. Following the completion of the transaction, the executive vice president now directly owns 13,620 shares in the company, valued at $3,425,974.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $264.74, for a total transaction of $145,607.00. Following the transaction, the director now directly owns 38,766 shares in the company, valued at approximately $10,262,910.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Rebecca Pearce sold 1,628 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $251.54, for a total transaction of $409,507.12. Following the transaction, the executive vice president now owns 13,620 shares in the company, valued at $3,425,974.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 36,166 shares of company stock worth $9,465,055. 0.14% of the stock is currently owned by company insiders.

Autodesk Trading Up 0.7 %

ADSK traded up $1.53 during trading on Friday, hitting $217.93. 1,277,888 shares of the company's stock were exchanged, compared to its average volume of 1,925,797. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23. Autodesk, Inc. has a 1 year low of $188.38 and a 1 year high of $279.53. The stock has a 50 day moving average price of $247.53 and a 200 day moving average price of $235.47. The firm has a market cap of $46.62 billion, a P/E ratio of 51.76, a price-to-earnings-growth ratio of 2.97 and a beta of 1.43.

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

Analysts Set New Price Targets

Several analysts have issued reports on the stock. BMO Capital Markets upped their price target on shares of Autodesk from $232.00 to $293.00 and gave the company a "market perform" rating in a report on Friday, March 1st. Rosenblatt Securities upped their price target on shares of Autodesk from $265.00 to $290.00 and gave the company a "buy" rating in a report on Friday, March 1st. StockNews.com downgraded shares of Autodesk from a "strong-buy" rating to a "buy" rating in a report on Friday. Stifel Nicolaus reaffirmed a "buy" rating and issued a $316.00 price target on shares of Autodesk in a report on Friday, April 12th. Finally, The Goldman Sachs Group upped their price target on shares of Autodesk from $180.00 to $230.00 and gave the company a "sell" rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, Autodesk has a consensus rating of "Moderate Buy" and an average 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.