Charles Schwab Investment Management Inc. Increases Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Charles Schwab Investment Management Inc. boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 3.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,190,215 shares of the software company's stock after buying an additional 36,535 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.56% of Autodesk worth $289,794,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Apollon Wealth Management LLC boosted its stake in shares of Autodesk by 162.0% in the 4th quarter. Apollon Wealth Management LLC now owns 8,465 shares of the software company's stock valued at $2,061,000 after buying an additional 5,234 shares during the period. Maryland State Retirement & Pension System lifted its position in shares of Autodesk by 1.9% during the 4th quarter. Maryland State Retirement & Pension System now owns 16,725 shares of the software company's stock valued at $4,072,000 after acquiring an additional 313 shares during the period. Private Advisor Group LLC boosted its position in Autodesk by 8.1% during the fourth quarter. Private Advisor Group LLC now owns 10,832 shares of the software company's stock worth $2,637,000 after purchasing an additional 808 shares in the last quarter. Metis Global Partners LLC grew its stake in Autodesk by 0.6% in the 4th quarter. Metis Global Partners LLC now owns 11,781 shares of the software company's stock valued at $2,868,000 after acquiring an additional 68 shares during the last quarter. Finally, Connecticut Wealth Management LLC increased its stake in shares of Autodesk by 6.1% during the 4th quarter. Connecticut Wealth Management LLC now owns 1,437 shares of the software company's stock worth $350,000 after purchasing an additional 82 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. KeyCorp raised their price target on Autodesk from $275.00 to $320.00 and gave the stock an "overweight" rating in a research note on Friday, March 1st. Oppenheimer increased their target price on Autodesk from $265.00 to $315.00 and gave the stock an "outperform" rating in a research report on Friday, March 1st. Rosenblatt Securities increased their price target on Autodesk from $265.00 to $290.00 and gave the stock a "buy" rating in a research note on Friday, March 1st. Citigroup lifted their target price on Autodesk from $276.00 to $307.00 and gave the stock a "buy" rating in a report on Monday, February 26th. Finally, Barclays increased their price target on Autodesk from $300.00 to $310.00 and gave the company an "overweight" rating in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat, Autodesk currently has a consensus rating of "Hold" and a consensus price target of $274.67.

Autodesk Trading Up 2.2 %

Shares of ADSK traded up $4.68 during midday trading on Thursday, hitting $218.63. 1,438,491 shares of the stock were exchanged, compared to its average volume of 1,469,734. Autodesk, Inc. has a 52-week low of $191.26 and a 52-week high of $279.53. The stock has a fifty day simple moving average of $240.75 and a 200 day simple moving average of $235.69. The firm has a market cap of $47.11 billion, a P/E ratio of 51.93, a P/E/G ratio of 2.96 and a beta of 1.45. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82.

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 firm 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%. The firm's revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.26 EPS. On average, research analysts anticipate that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 1,628 shares of Autodesk stock in a transaction that occurred 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 transaction, the executive vice president now owns 13,620 shares in the company, valued at $3,425,974.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CAO Stephen W. Hope sold 1,757 shares of Autodesk stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the sale, the chief accounting officer now owns 3,450 shares of the company's stock, valued at approximately $898,621.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Rebecca Pearce sold 1,628 shares of Autodesk stock in a transaction that occurred 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 sale, the executive vice president now directly owns 13,620 shares in the company, valued at $3,425,974.80. The disclosure for this sale can be found here. Insiders have sold a total of 36,166 shares of company stock valued at $9,465,055 in the last three months. Corporate insiders own 0.14% of the company's stock.

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.