Burleson & Company LLC Takes Position in Autodesk, Inc. (NASDAQ:ADSK)

Burleson & Company LLC purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 233 shares of the software company’s stock, valued at approximately $65,000.

A number of other institutional investors also recently modified their holdings of ADSK. AE Wealth Management LLC acquired a new position in shares of Autodesk during the fourth quarter valued at approximately $246,000. CIBC Asset Management Inc boosted its stake in Autodesk by 6.7% during the 4th quarter. CIBC Asset Management Inc now owns 36,411 shares of the software company’s stock worth $11,118,000 after purchasing an additional 2,271 shares during the last quarter. Winslow Evans & Crocker Inc. grew its holdings in shares of Autodesk by 70.3% during the fourth quarter. Winslow Evans & Crocker Inc. now owns 884 shares of the software company’s stock worth $270,000 after buying an additional 365 shares in the last quarter. State of Wisconsin Investment Board raised its position in shares of Autodesk by 99.2% in the fourth quarter. State of Wisconsin Investment Board now owns 248,611 shares of the software company’s stock valued at $75,911,000 after buying an additional 123,833 shares during the last quarter. Finally, National Asset Management Inc. lifted its stake in shares of Autodesk by 6.4% in the fourth quarter. National Asset Management Inc. now owns 6,017 shares of the software company’s stock worth $1,839,000 after buying an additional 360 shares in the last quarter. 86.70% of the stock is currently owned by hedge funds and other institutional investors.

ADSK has been the topic of several analyst reports. Mizuho lifted their price target on Autodesk from $325.00 to $335.00 and gave the stock a “buy” rating in a report on Friday, May 28th. Morgan Stanley lifted their price target on shares of Autodesk from $266.00 to $269.00 and gave the company an “equal weight” rating in a research report on Friday, May 28th. Rosenblatt Securities started coverage on Autodesk in a research report on Monday. They issued a “buy” rating and a $320.00 price objective for the company. Stifel Nicolaus started coverage on Autodesk in a research note on Tuesday, May 25th. They issued a “buy” rating and a $342.00 price target on the stock. Finally, Canaccord Genuity reissued a “buy” rating and set a $330.00 price objective (up from $315.00) on shares of Autodesk in a research report on Friday, May 28th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and twelve have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $310.86.

In other news, CAO Stephen W. Hope sold 593 shares of the business’s stock in a transaction dated Tuesday, March 23rd. The stock was sold at an average price of $268.91, for a total value of $159,463.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CRO Steven M. Blum sold 9,195 shares of the company’s stock in a transaction dated Wednesday, March 31st. The shares were sold at an average price of $275.92, for a total value of $2,537,084.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 64,232 shares of company stock valued at $17,126,155. 0.11% of the stock is owned by company insiders.

NASDAQ ADSK opened at $277.50 on Friday. Autodesk, Inc. has a 52 week low of $215.83 and a 52 week high of $321.13. The business’s 50 day moving average price is $285.75. The company has a quick ratio of 0.48, a current ratio of 0.48 and a debt-to-equity ratio of 1.45. The firm has a market cap of $61.05 billion, a PE ratio of 47.60, a PEG ratio of 2.87 and a beta of 1.34.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Wednesday, May 26th. The software company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.09. The firm had revenue of $989.30 million during the quarter, compared to the consensus estimate of $964.76 million. Autodesk had a net margin of 33.31% and a return on equity of 104.82%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Sell-side analysts predict that Autodesk, Inc. will post 2.78 earnings per share for the current year.

Autodesk Company Profile

Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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