US Bancorp DE Acquires 1,117 Shares of Autodesk, Inc. (NASDAQ:ADSK)

US Bancorp DE boosted its holdings in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 2.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,443 shares of the software company’s stock after buying an additional 1,117 shares during the period. US Bancorp DE’s holdings in Autodesk were worth $12,282,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Manchester Capital Management LLC increased its position in Autodesk by 12.2% in the 4th quarter. Manchester Capital Management LLC now owns 1,551 shares of the software company’s stock worth $378,000 after buying an additional 169 shares during the period. O Shaughnessy Asset Management LLC increased its position in Autodesk by 86.2% in 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 Autodesk in the 3rd quarter worth approximately $330,000. abrdn plc increased its position 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 buying an additional 95,723 shares during the period. Finally, Louisiana State Employees Retirement System bought a new position in Autodesk in the 4th quarter worth approximately $7,280,000. 90.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Oppenheimer lowered their price objective on Autodesk from $315.00 to $275.00 and set an “outperform” rating on the stock in a research report on Thursday. Rosenblatt Securities boosted their price objective on Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, March 1st. Stifel Nicolaus lowered their price objective on Autodesk from $316.00 to $290.00 and set a “buy” rating on the stock in a research report on Thursday. Piper Sandler boosted their price objective on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Finally, Barclays boosted their price objective on Autodesk from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $270.17.

Check Out Our Latest Report on Autodesk

Insiders Place Their Bets

In other news, EVP Rebecca Pearce sold 1,628 shares of the business’s 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 completion of the sale, the executive vice president now owns 13,620 shares in the company, valued at $3,425,974.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Rebecca Pearce sold 1,628 shares of the business’s 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 completion of the sale, the executive vice president now owns 13,620 shares in the company, valued at $3,425,974.80. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Mary T. Mcdowell sold 5,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $275.00, for a total value of $1,375,000.00. Following the sale, the director now owns 33,766 shares of the company’s stock, valued at approximately $9,285,650. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 35,616 shares of company stock valued at $9,319,448. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Price Performance

Autodesk stock opened at $214.89 on Monday. 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 firm has a market cap of $46.30 billion, a P/E ratio of 51.04, a P/E/G ratio of 2.95 and a beta of 1.45. The business’s fifty day moving average is $231.60 and its two-hundred day moving average is $237.45. Autodesk, Inc. has a 52 week low of $192.01 and a 52 week high of $279.53.

Autodesk (NASDAQ:ADSKGet Free Report) last posted its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates 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% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.26 earnings per share. Equities research analysts forecast that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

About Autodesk

(Free Report)

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.

Featured Stories

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSKFree Report).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.