HF Advisory Group LLC Buys 122 Shares of Autodesk, Inc. (NASDAQ:ADSK)

HF Advisory Group LLC raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,110 shares of the software company’s stock after acquiring an additional 122 shares during the quarter. HF Advisory Group LLC’s holdings in Autodesk were worth $270,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Rakuten Securities Inc. bought a new position in Autodesk in the 4th quarter valued at approximately $28,000. AdvisorNet Financial Inc raised its holdings in Autodesk by 67.1% in the 4th quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock valued at $35,000 after buying an additional 57 shares during the last quarter. First Manhattan Co. raised its holdings in Autodesk by 342.9% in the 1st quarter. First Manhattan Co. now owns 155 shares of the software company’s stock valued at $33,000 after buying an additional 120 shares during the last quarter. Carolinas Wealth Consulting LLC raised its holdings in Autodesk by 140.6% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the software company’s stock valued at $35,000 after buying an additional 97 shares during the last quarter. Finally, Operose Advisors LLC bought a new position in Autodesk in the 3rd quarter valued at approximately $35,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

ADSK opened at $210.63 on Friday. The company has a market capitalization of $45.05 billion, a price-to-earnings ratio of 50.03, a P/E/G ratio of 3.14 and a beta of 1.43. Autodesk, Inc. has a 1 year low of $188.38 and a 1 year high of $279.53. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. The firm’s fifty day moving average price is $252.86 and its two-hundred day moving average price is $234.92.

Autodesk (NASDAQ:ADSK) last released its earnings results 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 analysts’ expectations of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same period in the previous year, the business posted $1.26 EPS. As a group, analysts anticipate that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on ADSK. Mizuho raised their price target on shares of Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. The Goldman Sachs Group raised their price target on shares of Autodesk from $180.00 to $230.00 and gave the stock a “sell” rating in a report on Friday, March 1st. Stifel Nicolaus restated a “buy” rating and set a $316.00 price target on shares of Autodesk in a report on Friday, April 12th. Piper Sandler Companies raised their price target on shares of Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Finally, KeyCorp raised their price objective on shares of Autodesk from $275.00 to $320.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $272.44.

Insider Transactions at Autodesk

In related news, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was 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 directly owns 105,213 shares in the company, valued at approximately $27,354,327.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was 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 directly owns 105,213 shares in the company, valued at approximately $27,354,327.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Deborah Clifford sold 5,553 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $260.01, for a total value of $1,443,835.53. Following the completion of the sale, the chief financial officer now owns 32,259 shares in the company, valued at $8,387,662.59. The disclosure for this sale can be found here. Insiders have sold 38,666 shares of company stock worth $10,090,055 in the last ninety days. Company 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.