Bigelow Investment Advisors LLC Takes Position in Autodesk, Inc. (NASDAQ:ADSK)

Bigelow Investment Advisors LLC purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 975 shares of the software company’s stock, valued at approximately $237,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ADSK. Acadian Asset Management LLC boosted its holdings in Autodesk by 351.2% during the first quarter. Acadian Asset Management LLC now owns 3,623 shares of the software company’s stock worth $775,000 after purchasing an additional 2,820 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in Autodesk by 71.7% during the first quarter. Panagora Asset Management Inc. now owns 4,479 shares of the software company’s stock worth $960,000 after purchasing an additional 1,871 shares during the last quarter. Cetera Investment Advisers boosted its holdings in Autodesk by 3.6% during the first quarter. Cetera Investment Advisers now owns 4,691 shares of the software company’s stock worth $1,006,000 after purchasing an additional 164 shares during the last quarter. Moors & Cabot Inc. acquired a new position in Autodesk during the first quarter worth $218,000. Finally, Dakota Wealth Management boosted its holdings in Autodesk by 18.0% during the first quarter. Dakota Wealth Management now owns 1,915 shares of the software company’s stock worth $411,000 after purchasing an additional 292 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $275.00, for a total value of $1,375,000.00. Following the transaction, the director now directly owns 33,766 shares of the company’s stock, valued at approximately $9,285,650. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, Director Mary T. Mcdowell sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $275.00, for a total value of $1,375,000.00. Following the sale, the director now directly owns 33,766 shares in the company, valued at approximately $9,285,650. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Mary T. Mcdowell sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the sale, the director now owns 39,316 shares in the company, valued at $9,829,000. The disclosure for this sale can be found here. Insiders have sold a total of 38,666 shares of company stock valued at $10,090,055 in the last ninety days. 0.14% of the stock is currently owned by company insiders.

Autodesk Price Performance

ADSK stock opened at $216.50 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. Autodesk, Inc. has a 12 month low of $188.38 and a 12 month high of $279.53. The firm has a market cap of $46.31 billion, a P/E ratio of 51.43, a P/E/G ratio of 2.90 and a beta of 1.43. The company’s 50-day moving average price is $251.86 and its two-hundred day moving average price is $234.97.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. During the same period last year, the firm earned $1.26 EPS. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. On average, analysts anticipate that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

ADSK has been the subject of several recent research reports. Oppenheimer increased their target price on shares of Autodesk from $265.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. TheStreet upgraded shares of Autodesk from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. Royal Bank of Canada reiterated an “outperform” rating and issued a $320.00 price target on shares of Autodesk in a research note on Monday, April 1st. Rosenblatt Securities increased their price target on shares of Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $316.00 price target on shares of Autodesk in a research note on Friday, April 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $272.44.

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.