Wealth Alliance Has $313,000 Position in Autodesk, Inc. (NASDAQ:ADSK)

Wealth Alliance lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) by 3.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,513 shares of the software company’s stock after selling 51 shares during the period. Wealth Alliance’s holdings in Autodesk were worth $313,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in ADSK. Norges Bank bought a new stake in Autodesk in the 4th quarter valued at $426,374,000. Price T Rowe Associates Inc. MD raised its stake in Autodesk by 480.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,785,264 shares of the software company’s stock valued at $371,621,000 after acquiring an additional 1,477,770 shares during the period. Portside Wealth Group LLC bought a new stake in Autodesk in the 2nd quarter valued at $221,914,000. BlackRock Inc. raised its stake in Autodesk by 5.8% in the 2nd quarter. BlackRock Inc. now owns 18,086,689 shares of the software company’s stock valued at $3,700,717,000 after acquiring an additional 989,144 shares during the period. Finally, Bank of Montreal Can bought a new stake in Autodesk in the 2nd quarter valued at $135,596,000. Institutional investors own 87.92% of the company’s stock.

Autodesk Price Performance

Autodesk stock opened at $266.68 on Monday. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.54. The company has a market capitalization of $57.05 billion, a PE ratio of 62.75, a P/E/G ratio of 3.52 and a beta of 1.45. Autodesk, Inc. has a 12 month low of $188.38 and a 12 month high of $269.53. The stock has a 50-day moving average price of $242.07 and a two-hundred day moving average price of $220.63.

Autodesk (NASDAQ:ADSKGet Free Report) last issued its quarterly earnings data on Tuesday, November 21st. The software company reported $2.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.08. Autodesk had a return on equity of 84.81% and a net margin of 17.15%. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same period last year, the company earned $1.03 earnings per share. The firm’s revenue was up 10.5% compared to the same quarter last year. Analysts expect that Autodesk, Inc. will post 4.79 EPS for the current year.

Insider Transactions at Autodesk

In other news, Director Stacy J. Smith sold 5,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $228.00, for a total transaction of $1,140,000.00. Following the completion of the transaction, the director now directly owns 57,488 shares in the company, valued at $13,107,264. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Stacy J. Smith sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $234.00, for a total transaction of $2,340,000.00. Following the completion of the sale, the director now owns 47,488 shares of the company’s stock, valued at $11,112,192. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Stacy J. Smith sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $228.00, for a total value of $1,140,000.00. Following the sale, the director now directly owns 57,488 shares of the company’s stock, valued at approximately $13,107,264. The disclosure for this sale can be found here. Insiders sold 32,915 shares of company stock worth $7,829,249 over the last ninety days. 0.14% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on ADSK. Stifel Nicolaus reaffirmed a “buy” rating and issued a $245.00 price objective on shares of Autodesk in a report on Friday, November 17th. StockNews.com lowered Autodesk from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 16th. Piper Sandler upped their price objective on Autodesk from $215.00 to $234.00 and gave the company a “neutral” rating in a report on Tuesday, January 9th. Mizuho reduced their target price on Autodesk from $220.00 to $200.00 and set a “neutral” rating on the stock in a report on Wednesday, November 22nd. Finally, Oppenheimer reduced their target price on Autodesk from $250.00 to $240.00 and set an “outperform” rating on the stock in a report on Wednesday, November 22nd. Eight investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average price target of $238.40.

Check Out Our Latest Analysis on Autodesk

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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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