Seizert Capital Partners LLC Buys New Position in Autodesk, Inc. (NASDAQ:ADSK)

Seizert Capital Partners LLC bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 24,752 shares of the software company's stock, valued at approximately $6,027,000.

A number of other hedge funds have also recently bought and sold shares of ADSK. Bfsg LLC acquired a new stake in shares of Autodesk during the 4th quarter valued at $27,000. Rakuten Securities Inc. acquired a new stake in shares of Autodesk during the fourth quarter worth $28,000. Operose Advisors LLC purchased a new stake in shares of Autodesk during the third quarter valued at $35,000. AdvisorNet Financial Inc boosted its position in shares of Autodesk by 67.1% in the 4th quarter. AdvisorNet Financial Inc now owns 142 shares of the software company's stock valued at $35,000 after purchasing an additional 57 shares during the period. Finally, VisionPoint Advisory Group LLC boosted its position in shares of Autodesk by 230.5% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 195 shares of the software company's stock valued at $40,000 after purchasing an additional 136 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the business's stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $264.74, for a total value of $145,607.00. Following the completion of the sale, the director now directly owns 38,766 shares in the company, valued at $10,262,910.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Autodesk news, EVP Rebecca Pearce sold 1,628 shares of the firm's stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $251.54, for a total value of $409,507.12. Following the sale, the executive vice president now owns 13,620 shares of the company's stock, valued at approximately $3,425,974.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mary T. Mcdowell sold 550 shares of the company's stock in a transaction that occurred on 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 owns 38,766 shares of the company's stock, valued at $10,262,910.84. 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 over the last 90 days. Insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on ADSK. Royal Bank of Canada reaffirmed an "outperform" rating and set a $320.00 price objective on shares of Autodesk in a research note on Monday, April 1st. Rosenblatt Securities lifted their price objective on shares of Autodesk from $265.00 to $290.00 and gave the stock a "buy" rating in a research report on Friday, March 1st. BMO Capital Markets increased their target price on Autodesk from $232.00 to $293.00 and gave the company a "market perform" rating in a report on Friday, March 1st. Stifel Nicolaus reiterated a "buy" rating and set a $316.00 price target on shares of Autodesk in a report on Friday, April 12th. Finally, StockNews.com lowered 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 assigned a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, Autodesk has a consensus rating of "Hold" and a consensus price target of $274.67.

Autodesk Stock Down 0.4 %

Shares of Autodesk stock traded down $0.86 during midday trading on Friday, reaching $217.77. 1,032,861 shares of the company's stock traded hands, compared to its average volume of 2,093,253. The company has a market cap of $46.93 billion, a price-to-earnings ratio of 51.73, a price-to-earnings-growth ratio of 2.99 and a beta of 1.45. Autodesk, Inc. has a 52 week low of $191.26 and a 52 week high of $279.53. The company's 50 day simple moving average is $239.02 and its 200 day simple moving average is $235.91. 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 posted its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.14. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The business's revenue was up 11.5% compared to the same quarter last year. During the same period last year, the company earned $1.26 earnings per share. Equities analysts expect that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Autodesk 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.