180 Wealth Advisors LLC Invests $356,000 in Autodesk, Inc. (NASDAQ:ADSK)

180 Wealth Advisors LLC purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,520 shares of the software company’s stock, valued at approximately $356,000.

Several other institutional investors also recently modified their holdings of the stock. Arlington Trust Co LLC acquired a new position in shares of Autodesk during the fourth quarter worth $310,000. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Autodesk by 0.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 300,028 shares of the software company’s stock worth $73,051,000 after purchasing an additional 846 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Autodesk by 19.0% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 352,767 shares of the software company’s stock worth $85,910,000 after purchasing an additional 56,394 shares during the last quarter. Smith Salley & Associates grew its stake in shares of Autodesk by 40.8% in the fourth quarter. Smith Salley & Associates now owns 3,626 shares of the software company’s stock worth $883,000 after purchasing an additional 1,050 shares during the last quarter. Finally, CENTRAL TRUST Co grew its stake in shares of Autodesk by 7.3% in the fourth quarter. CENTRAL TRUST Co now owns 1,344 shares of the software company’s stock worth $327,000 after purchasing an additional 92 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $244.74 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23. Autodesk, Inc. has a 1-year low of $188.38 and a 1-year high of $279.53. The firm has a market capitalization of $52.35 billion, a P/E ratio of 58.13, a P/E/G ratio of 3.36 and a beta of 1.43. The firm’s 50-day moving average price is $257.09 and its 200-day moving average price is $233.56.

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. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the prior year, the business posted $1.26 EPS. The firm’s revenue was up 11.5% compared to the same quarter last year. Equities research analysts anticipate that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ADSK has been the topic of several analyst reports. Mizuho boosted their price objective on shares of Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Citigroup upped their price target on shares of Autodesk from $276.00 to $307.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Bank Of America (Bofa) upped their price target on shares of Autodesk from $235.00 to $240.00 in a research report on Monday, December 11th. Piper Sandler Companies upped their price target on shares of Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Finally, Barclays upped their price target on shares of Autodesk from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and an average target price of $272.44.

Insider Buying and Selling

In related news, CEO Andrew Anagnost sold 21,053 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the sale, the chief executive officer now owns 105,213 shares in the company, valued at approximately $27,354,327.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Autodesk news, Director Stacy J. Smith sold 7,554 shares of the stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $244.00, for a total value of $1,843,176.00. Following the completion of the sale, the director now owns 19,934 shares in the company, valued at approximately $4,863,896. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Andrew Anagnost sold 21,053 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the completion of the sale, the chief executive officer now owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The disclosure for this sale can be found here. Insiders have sold 46,770 shares of company stock worth $12,065,385 in the last quarter. 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.