Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Wedmont Private Capital

Wedmont Private Capital raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,574 shares of the software company’s stock after buying an additional 128 shares during the period. Wedmont Private Capital’s holdings in Autodesk were worth $1,018,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. LPL Financial LLC boosted its stake in Autodesk by 8.2% during the 2nd quarter. LPL Financial LLC now owns 165,034 shares of the software company’s stock valued at $40,838,000 after purchasing an additional 12,522 shares in the last quarter. Johnson Investment Counsel Inc. lifted its holdings in shares of Autodesk by 5.1% in the second quarter. Johnson Investment Counsel Inc. now owns 920 shares of the software company’s stock valued at $228,000 after buying an additional 45 shares during the period. Oppenheimer & Co. Inc. boosted its stake in Autodesk by 16.0% during the second quarter. Oppenheimer & Co. Inc. now owns 9,157 shares of the software company’s stock valued at $2,266,000 after buying an additional 1,260 shares in the last quarter. Federated Hermes Inc. grew its holdings in Autodesk by 1,473.8% during the second quarter. Federated Hermes Inc. now owns 16,163 shares of the software company’s stock worth $4,000,000 after acquiring an additional 15,136 shares during the period. Finally, Thoroughbred Financial Services LLC raised its position in Autodesk by 95.1% in the second quarter. Thoroughbred Financial Services LLC now owns 2,378 shares of the software company’s stock worth $588,000 after acquiring an additional 1,159 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Mizuho lifted their price objective on shares of Autodesk from $260.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Morgan Stanley upped their price target on Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Barclays raised their price objective on Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Macquarie started coverage on Autodesk in a research report on Thursday, December 12th. They set an “outperform” rating and a $380.00 target price on the stock. Finally, Rosenblatt Securities increased their price target on Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Nine research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $326.05.

Autodesk Price Performance

Shares of ADSK opened at $284.82 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The firm has a market cap of $61.24 billion, a PE ratio of 56.51, a PEG ratio of 3.62 and a beta of 1.42. The firm’s 50 day moving average price is $301.35 and its 200 day moving average price is $274.58. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. The business had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. Autodesk’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.33 EPS. As a group, research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is currently 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.