Linden Thomas Advisory Services LLC Buys 151 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Linden Thomas Advisory Services LLC grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 5.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,090 shares of the software company’s stock after acquiring an additional 151 shares during the period. Linden Thomas Advisory Services LLC’s holdings in Autodesk were worth $752,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in ADSK. Rakuten Securities Inc. bought a new stake in shares of Autodesk in the fourth quarter worth $28,000. Operose Advisors LLC bought a new stake in Autodesk in the third quarter valued at approximately $35,000. AdvisorNet Financial Inc increased its position in Autodesk by 67.1% during 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. Newbridge Financial Services Group Inc. raised its holdings in Autodesk by 61.3% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 179 shares of the software company’s stock worth $37,000 after purchasing an additional 68 shares during the last quarter. Finally, VisionPoint Advisory Group LLC raised its holdings in Autodesk by 230.5% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 195 shares of the software company’s stock worth $40,000 after purchasing an additional 136 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group lifted their target price on Autodesk from $180.00 to $230.00 and gave the stock a “sell” rating in a report on Friday, March 1st. Oppenheimer lifted their price objective on shares of Autodesk from $265.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. TheStreet upgraded shares of Autodesk from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Citigroup lifted their target price on shares of Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Finally, KeyCorp lifted their price target on Autodesk from $275.00 to $320.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $272.44.

Autodesk Trading Up 0.7 %

Shares of ADSK opened at $216.40 on Friday. The business’s 50-day moving average price is $248.34 and its 200-day moving average price is $235.26. 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, Inc. has a twelve month low of $188.38 and a twelve month high of $279.53. The stock has a market cap of $46.29 billion, a PE ratio of 51.40, a P/E/G ratio of 2.96 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last posted 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. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. Autodesk’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 EPS. On average, equities analysts forecast that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

Insider Activity at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $264.74, for a total transaction of $145,607.00. Following the completion of the sale, the director now directly 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 is accessible through this hyperlink. In other news, EVP Rebecca Pearce sold 1,628 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $251.54, for a total value of $409,507.12. Following the completion of the sale, the executive vice president now directly owns 13,620 shares in the company, valued at approximately $3,425,974.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $264.74, for a total transaction of $145,607.00. Following the completion of the sale, the director now directly owns 38,766 shares of the company’s stock, valued at approximately $10,262,910.84. The disclosure for this sale can be found here. Insiders have sold 36,166 shares of company stock valued at $9,465,055 over the last three months. 0.14% of the stock is owned by corporate 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.