919 Shares in Autodesk, Inc. (NASDAQ:ADSK) Purchased by Phoenix Wealth Advisors

Phoenix Wealth Advisors acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, Holdings Channel.com reports. The firm acquired 919 shares of the software company’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds have also bought and sold shares of ADSK. O Shaughnessy Asset Management LLC grew its position in shares of Autodesk by 86.2% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company’s stock worth $1,959,000 after buying an additional 4,381 shares during the period. CWA Asset Management Group LLC bought a new position in shares of Autodesk in the 3rd quarter worth $330,000. Louisiana State Employees Retirement System bought a new position in shares of Autodesk in the 4th quarter worth $7,280,000. International Assets Investment Management LLC lifted its holdings in shares of Autodesk by 3,539.1% in the 4th quarter. International Assets Investment Management LLC now owns 227,410 shares of the software company’s stock worth $55,370,000 after purchasing an additional 221,161 shares in the last quarter. Finally, Columbia Trust Co 01012016 lifted its holdings in shares of Autodesk by 13.1% in the 4th quarter. Columbia Trust Co 01012016 now owns 4,355 shares of the software company’s stock worth $1,060,000 after purchasing an additional 503 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Citigroup increased 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. Piper Sandler increased their target price on Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Rosenblatt Securities increased their target price on Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Piper Sandler Companies increased their target price on Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 target price on shares of Autodesk in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $272.44.

Autodesk Stock Performance

ADSK traded down $16.08 during trading hours on Wednesday, hitting $212.16. The stock had a trading volume of 3,079,182 shares, compared to its average volume of 1,328,923. The company’s fifty day simple moving average is $254.75 and its 200 day simple moving average is $235.23. Autodesk, Inc. has a 1 year low of $188.38 and a 1 year high of $279.53. The stock has a market cap of $45.38 billion, a PE ratio of 54.21, a price-to-earnings-growth ratio of 3.16 and a beta of 1.43. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.14. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The company had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm posted $1.26 EPS. The firm’s revenue for the quarter was up 11.5% on a year-over-year basis. Equities analysts anticipate that Autodesk, Inc. will post 5.38 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Thursday, February 15th. The stock was 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 owns 38,766 shares of the company’s stock, valued at approximately $10,262,910.84. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $264.74, for a total transaction of $145,607.00. Following the completion of the transaction, the director now owns 38,766 shares of the company’s stock, valued at approximately $10,262,910.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 value of $457,645.79. Following the transaction, the chief accounting officer now directly owns 3,450 shares of the company’s stock, valued at approximately $898,621.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,220 shares of company stock valued at $11,933,231. 0.14% of the stock is owned by insiders.

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.