864 Shares in Autodesk, Inc. (NASDAQ:ADSK) Purchased by PDS Planning Inc

PDS Planning Inc acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 864 shares of the software company’s stock, valued at approximately $210,000.

Several other large investors also recently bought and sold shares of the business. Bouvel Investment Partners LLC grew its stake in Autodesk by 0.4% during the 4th quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company’s stock valued at $2,864,000 after acquiring an additional 44 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Autodesk by 3.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock valued at $306,000 after buying an additional 45 shares during the period. Goodman Advisory Group LLC grew its stake in shares of Autodesk by 0.4% in the 4th quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock valued at $2,770,000 after buying an additional 49 shares during the period. Curbstone Financial Management Corp grew its stake in shares of Autodesk by 0.5% in the 4th quarter. Curbstone Financial Management Corp now owns 9,760 shares of the software company’s stock valued at $2,376,000 after buying an additional 50 shares during the period. Finally, Lindbrook Capital LLC grew its stake in shares of Autodesk by 11.4% in the 3rd quarter. Lindbrook Capital LLC now owns 527 shares of the software company’s stock valued at $109,000 after buying an additional 54 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 0.4 %

Shares of Autodesk stock opened at $217.93 on Wednesday. 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 quick ratio of 0.75 and a current ratio of 0.82. The company has a market capitalization of $46.62 billion, a P/E ratio of 51.76, a PEG ratio of 2.98 and a beta of 1.43. The company’s fifty day moving average is $250.18 and its two-hundred day moving average is $235.54.

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

Wall Street Analyst Weigh In

ADSK has been the subject of a number of research analyst reports. Barclays increased their price objective on shares of Autodesk from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. TheStreet raised shares of Autodesk from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Rosenblatt Securities increased their price objective on shares of Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Piper Sandler Companies increased their price objective on shares of Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Finally, StockNews.com upgraded shares of Autodesk from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $272.44.

Insider Activity

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $264.74, for a total value of $145,607.00. Following the sale, the director now owns 38,766 shares of the company’s stock, valued at $10,262,910.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Autodesk news, EVP Rebecca Pearce sold 1,628 shares of Autodesk stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $251.54, for a total transaction of $409,507.12. Following the completion of the transaction, the executive vice president now owns 13,620 shares in the company, valued at $3,425,974.80. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $264.74, for a total transaction of $145,607.00. Following the completion of the transaction, the director now directly owns 38,766 shares of the company’s stock, valued at approximately $10,262,910.84. The disclosure for this sale can be found here. Insiders have sold a total of 36,166 shares of company stock valued at $9,465,055 over the last quarter. Corporate insiders own 0.14% of the company’s stock.

Autodesk Company 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.