Anchor Capital Advisors LLC lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 166,092 shares of the software company's stock after selling 12,290 shares during the quarter. Anchor Capital Advisors LLC owned 0.08% of Autodesk worth $40,440,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Valeo Financial Advisors LLC acquired a new position in shares of Autodesk in the third quarter valued at about $224,000. Atlantic Union Bankshares Corp boosted its position in Autodesk by 21.4% during the third quarter. Atlantic Union Bankshares Corp now owns 6,817 shares of the software company's stock worth $1,411,000 after purchasing an additional 1,202 shares in the last quarter. Commonwealth Equity Services LLC grew its holdings in Autodesk by 8.6% in the third quarter. Commonwealth Equity Services LLC now owns 26,477 shares of the software company's stock valued at $5,478,000 after purchasing an additional 2,092 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of Autodesk by 17.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 306,136 shares of the software company's stock valued at $63,343,000 after buying an additional 46,398 shares in the last quarter. Finally, Xponance Inc. increased its position in shares of Autodesk by 0.9% in the third quarter. Xponance Inc. now owns 49,219 shares of the software company's stock valued at $10,184,000 after buying an additional 436 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.
Autodesk Trading Down 0.5 %
NASDAQ:ADSK traded down $1.15 on Monday, hitting $216.78. The stock had a trading volume of 1,437,021 shares, compared to its average volume of 1,470,033. The company has a fifty day moving average price of $246.70 and a two-hundred day moving average price of $235.66. Autodesk, Inc. has a 1-year low of $189.54 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. The stock has a market cap of $46.37 billion, a price-to-earnings ratio of 51.49, a PEG ratio of 3.00 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 EPS for the quarter, beating analysts' consensus estimates of $1.95 by $0.14. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The firm had revenue of $1.47 billion for the quarter, compared to analysts' expectations of $1.43 billion. During the same period in the prior year, the firm posted $1.26 earnings per share. The firm's quarterly revenue was up 11.5% on a year-over-year basis. Equities research analysts expect that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
ADSK has been the subject of several research analyst reports. KeyCorp upped their price target on shares of Autodesk from $275.00 to $320.00 and gave the stock an "overweight" rating in a research report on Friday, March 1st. Citigroup raised their target price on Autodesk from $276.00 to $307.00 and gave the company a "buy" rating in a research report on Monday, February 26th. BMO Capital Markets boosted their price target on Autodesk from $232.00 to $293.00 and gave the stock a "market perform" rating in a research report on Friday, March 1st. Piper Sandler Companies increased 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. Finally, Rosenblatt Securities lifted their target price on shares of Autodesk from $265.00 to $290.00 and gave the stock a "buy" 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 eleven have assigned a buy rating to the company. According to data from MarketBeat.com, Autodesk presently has a consensus rating of "Moderate Buy" and an average target price of $272.44.
Check Out Our Latest Report on Autodesk
Insider Buying and Selling
In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $264.74, for a total transaction of $145,607.00. Following the completion of the transaction, the director now owns 38,766 shares of the company's stock, valued at $10,262,910.84. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CAO Stephen W. Hope sold 1,757 shares of Autodesk stock in a transaction on 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 $898,621.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $264.74, for a total value 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 36,166 shares of company stock valued at $9,465,055. 0.14% of the stock is currently owned by insiders.
About Autodesk
(
Free Report)
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.
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