Larson Financial Group LLC Raises Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Larson Financial Group LLC lifted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 14.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,619 shares of the software company’s stock after acquiring an additional 208 shares during the quarter. Larson Financial Group LLC’s holdings in Autodesk were worth $394,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC raised its holdings in Autodesk by 86.2% during the third quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company’s stock valued at $1,959,000 after acquiring an additional 4,381 shares during the period. CWA Asset Management Group LLC bought a new stake in Autodesk during the 3rd quarter valued at approximately $330,000. abrdn plc boosted its stake in Autodesk by 26.2% in the 4th quarter. abrdn plc now owns 460,759 shares of the software company’s stock worth $112,186,000 after purchasing an additional 95,723 shares during the period. Louisiana State Employees Retirement System purchased a new stake in Autodesk during the 4th quarter valued at approximately $7,280,000. Finally, International Assets Investment Management LLC raised its position in shares of Autodesk by 3,539.1% during the fourth quarter. International Assets Investment Management LLC now owns 227,410 shares of the software company’s stock valued at $55,370,000 after buying an additional 221,161 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Trading Up 0.4 %

Shares of NASDAQ ADSK opened at $217.93 on Wednesday. Autodesk, Inc. has a fifty-two week low of $188.38 and a fifty-two 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. The company has a market cap of $46.62 billion, a price-to-earnings ratio of 51.76, a PEG ratio of 2.98 and a beta of 1.43. The business’s 50 day moving average price is $250.18 and its 200-day moving average price is $235.54.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, topping 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 business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter last year, the firm posted $1.26 earnings per share. The business’s revenue was up 11.5% compared to the same quarter last year. On average, sell-side analysts expect that Autodesk, Inc. will post 5.38 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ADSK shares. KeyCorp raised their target price on shares of Autodesk from $275.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Mizuho lifted their target price on Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Citigroup lifted their price objective on Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. StockNews.com raised shares of Autodesk from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 18th. Finally, TheStreet upgraded shares of Autodesk from a “c+” rating to a “b-” rating in a report on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $272.44.

Insider Buying and Selling

In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of the business’s 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 completion of the sale, the chief accounting officer now directly owns 3,450 shares of the company’s stock, valued at approximately $898,621.50. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Rebecca Pearce sold 1,628 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $251.54, for a total transaction of $409,507.12. Following the transaction, 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 filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Stephen W. Hope sold 1,757 shares of the firm’s 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 transaction, the chief accounting officer now directly owns 3,450 shares in the company, valued at approximately $898,621.50. The disclosure for this sale can be found here. Insiders have sold 36,166 shares of company stock valued at $9,465,055 in the last 90 days. Company insiders own 0.14% of the company’s stock.

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.