Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Stoneridge Investment Partners LLC

Stoneridge Investment Partners LLC raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 36.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,254 shares of the software company's stock after buying an additional 4,079 shares during the period. Autodesk comprises about 1.6% of Stoneridge Investment Partners LLC's investment portfolio, making the stock its 19th biggest holding. Stoneridge Investment Partners LLC's holdings in Autodesk were worth $3,714,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. VisionPoint Advisory Group LLC increased its position in Autodesk by 21.5% during the 4th quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company's stock valued at $58,000 after purchasing an additional 42 shares during the period. Northwest Financial Advisors bought a new stake in Autodesk during the 4th quarter valued at approximately $195,000. Lebenthal Global Advisors LLC purchased a new stake in shares of Autodesk in the 4th quarter worth approximately $440,000. Principal Securities Inc. bought a new position in Autodesk in the 4th quarter worth about $2,654,000. Finally, Montag A & Associates Inc. lifted its stake in shares of Autodesk by 29.0% in the fourth quarter. Montag A & Associates Inc. now owns 1,245 shares of the software company's stock worth $303,000 after buying an additional 280 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 research analysts have recently issued reports on the company. The Goldman Sachs Group upped their price target on Autodesk from $180.00 to $230.00 and gave the company a "sell" rating in a report on Friday, March 1st. Piper Sandler boosted their price objective on shares of Autodesk from $234.00 to $260.00 and gave the company a "neutral" rating in a report on Friday, March 1st. Oppenheimer lifted their target price on shares of Autodesk from $265.00 to $315.00 and gave the stock an "outperform" rating in a research report on Friday, March 1st. Stifel Nicolaus reissued a "buy" rating and set a $316.00 price target on shares of Autodesk in a report on Friday, April 12th. Finally, StockNews.com cut 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 nine have issued a buy rating to the company. According to data from MarketBeat, Autodesk has an average rating of "Hold" and a consensus target price of $274.67.

Autodesk Price Performance

Shares of Autodesk stock traded down $0.86 on Friday, hitting $217.77. 1,032,861 shares of the company traded hands, compared to its average volume of 2,093,253. The stock has a market capitalization of $46.93 billion, a P/E ratio of 51.73, a price-to-earnings-growth ratio of 3.01 and a beta of 1.45. The business has a 50-day simple moving average of $239.02 and a 200 day simple moving average of $235.70. Autodesk, Inc. has a 52 week low of $191.26 and a 52 week high of $279.53. 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 data on Thursday, February 29th. The software company reported $2.09 earnings per share 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 during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the business posted $1.26 earnings per share. The business's quarterly revenue was up 11.5% compared to the same quarter last year. Research analysts expect that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Insider Transactions at Autodesk

In related news, CEO Andrew Anagnost sold 21,053 shares of Autodesk stock in a transaction dated Wednesday, March 27th. The stock was 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 in the company, valued at $27,354,327.87. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Deborah Clifford sold 5,553 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $260.01, for a total value of $1,443,835.53. Following the sale, the chief financial officer now directly owns 32,259 shares in the company, valued at $8,387,662.59. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Andrew Anagnost sold 21,053 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total value of $5,473,569.47. Following the completion of the sale, the chief executive officer now owns 105,213 shares in the company, valued at approximately $27,354,327.87. The disclosure for this sale can be found here. Insiders have sold a total of 36,166 shares of company stock worth $9,465,055 in the last three months. Insiders own 0.14% of the company's stock.

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.