Evercore Wealth Management LLC Acquires 114 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Evercore Wealth Management LLC lifted its position in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 10.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,174 shares of the software company’s stock after acquiring an additional 114 shares during the period. Evercore Wealth Management LLC’s holdings in Autodesk were worth $286,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ADSK. VisionPoint Advisory Group LLC grew its stake in shares of Autodesk by 21.5% in the 4th quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock worth $58,000 after buying an additional 42 shares during the last quarter. Bouvel Investment Partners LLC boosted its stake in shares of Autodesk by 0.4% in the 4th quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company’s stock worth $2,864,000 after buying an additional 44 shares during the last quarter. Venturi Wealth Management LLC raised its holdings in Autodesk by 3.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock worth $306,000 after purchasing an additional 45 shares during the period. Goodman Advisory Group LLC raised its holdings in Autodesk by 0.4% in the 4th quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock worth $2,770,000 after purchasing an additional 49 shares during the period. Finally, Epic Trust Investment Advisors LLC raised its holdings in Autodesk by 3.7% in the 4th quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company’s stock worth $331,000 after purchasing an additional 49 shares during the period. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling

In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total value of $457,645.79. Following the completion of the sale, the chief accounting officer now owns 3,450 shares in the company, valued at approximately $898,621.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $256.66, for a total value of $141,163.00. Following the completion of the sale, the director now owns 33,216 shares of the company’s stock, valued at approximately $8,525,218.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Stephen W. Hope sold 1,757 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the sale, the chief accounting officer now directly owns 3,450 shares of the company’s stock, valued at approximately $898,621.50. The disclosure for this sale can be found here. Insiders sold a total of 28,988 shares of company stock worth $7,534,941 in the last 90 days. Insiders own 0.14% of the company’s stock.

Autodesk Trading Up 1.0 %

Shares of Autodesk stock opened at $218.20 on Tuesday. The firm has a 50-day simple moving average of $220.75 and a two-hundred day simple moving average of $237.39. The company has a market cap of $47.02 billion, a P/E ratio of 51.83, a price-to-earnings-growth ratio of 2.93 and a beta of 1.43. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $279.53. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82.

Autodesk (NASDAQ:ADSKGet Free Report) last issued its quarterly earnings data on Monday, June 10th. The software company reported $1.87 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.12. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The business had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. During the same quarter in the prior year, the firm posted $1.55 earnings per share. The company’s revenue was up 11.7% compared to the same quarter last year. As a group, equities analysts predict that Autodesk, Inc. will post 5.41 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price target on shares of Autodesk in a report on Monday, April 1st. Citigroup lifted their price target on Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Oppenheimer dropped their target price on Autodesk from $315.00 to $275.00 and set an “outperform” rating for the company in a research report on Thursday, May 23rd. StockNews.com downgraded shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 26th. Finally, Piper Sandler Companies upped their price target on Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, nine have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $269.05.

Get Our Latest Analysis on ADSK

Autodesk Profile

(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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