Raymond James Financial Services Advisors Inc. Sells 4,528 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Raymond James Financial Services Advisors Inc. trimmed its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,144 shares of the software company's stock after selling 4,528 shares during the period. Raymond James Financial Services Advisors Inc.'s holdings in Autodesk were worth $19,048,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. O Shaughnessy Asset Management LLC lifted its holdings in shares of Autodesk by 86.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company's stock valued at $1,959,000 after purchasing an additional 4,381 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in shares of Autodesk in the third quarter valued at about $330,000. abrdn plc increased its position in shares of Autodesk by 26.2% in the fourth quarter. abrdn plc now owns 460,759 shares of the software company's stock valued at $112,186,000 after acquiring an additional 95,723 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Autodesk in the fourth quarter valued at about $7,280,000. Finally, International Assets Investment Management LLC increased its position in shares of Autodesk by 3,539.1% in the fourth quarter. International Assets Investment Management LLC now owns 227,410 shares of the software company's stock valued at $55,370,000 after acquiring an additional 221,161 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Insider Activity at Autodesk

In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the company's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the completion of the sale, the chief executive officer now directly owns 105,213 shares in the company, valued at $27,354,327.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Autodesk news, CFO Deborah Clifford sold 5,553 shares of the company's stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $260.01, for a total transaction of $1,443,835.53. Following the completion of the sale, the chief financial officer now directly owns 32,259 shares in the company, valued at $8,387,662.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Andrew Anagnost sold 21,053 shares of the stock in a transaction on 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 transaction, the chief executive officer now owns 105,213 shares of the company's stock, valued at $27,354,327.87. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 36,166 shares of company stock worth $9,465,055. Company insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ADSK. The Goldman Sachs Group lifted their target price on Autodesk from $180.00 to $230.00 and gave the company a "sell" rating in a research report on Friday, March 1st. Piper Sandler boosted their price target on Autodesk from $234.00 to $260.00 and gave the stock a "neutral" rating in a research report on Friday, March 1st. Barclays boosted their price target on Autodesk from $300.00 to $310.00 and gave the stock an "overweight" rating in a research report on Friday, March 1st. 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. Finally, StockNews.com downgraded Autodesk from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $274.67.

Autodesk Price Performance

Shares of ADSK stock traded down $0.76 during trading on Thursday, hitting $209.95. The company had a trading volume of 1,588,871 shares, compared to its average volume of 1,473,487. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82. The firm has a market capitalization of $45.24 billion, a P/E ratio of 49.87, a price-to-earnings-growth ratio of 2.93 and a beta of 1.45. The stock's 50-day moving average price is $244.08 and its 200 day moving average price is $235.33. Autodesk, Inc. has a one year low of $189.54 and a one year high of $279.53.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings results 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. The business had revenue of $1.47 billion during 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%. The firm's revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.26 earnings per share. Equities analysts expect that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

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.

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