1,000 Shares in Autodesk, Inc. (NASDAQ:ADSK) Acquired by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc bought a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,000 shares of the software company’s stock, valued at approximately $243,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Bfsg LLC acquired a new stake in shares of Autodesk in the 4th quarter valued at $27,000. Rakuten Securities Inc. acquired a new stake in shares of Autodesk in the fourth quarter worth about $28,000. Operose Advisors LLC acquired a new stake in shares of Autodesk in the third quarter worth about $35,000. AdvisorNet Financial Inc boosted its stake in shares of Autodesk by 67.1% during the 4th quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock worth $35,000 after acquiring an additional 57 shares in the last quarter. Finally, VisionPoint Advisory Group LLC raised its stake in shares of Autodesk by 230.5% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 195 shares of the software company’s stock valued at $40,000 after acquiring an additional 136 shares in the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Performance

NASDAQ ADSK traded up $1.53 during trading hours on Friday, reaching $217.93. 1,277,888 shares of the company were exchanged, compared to its average volume of 1,925,797. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $46.62 billion, a P/E ratio of 51.76, a P/E/G ratio of 2.97 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 business’s 50 day simple moving average is $247.53 and its 200-day simple moving average is $235.31.

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

Analyst Upgrades and Downgrades

Several brokerages have commented on ADSK. Stifel Nicolaus reiterated 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 Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Mizuho boosted their price objective on Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Oppenheimer raised their target price on Autodesk from $265.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, March 1st. Finally, TheStreet upgraded Autodesk from a “c+” rating to a “b-” rating in a report on Friday, December 29th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $272.44.

Insider Activity

In related news, CAO Stephen W. Hope sold 1,757 shares of Autodesk stock in a transaction that occurred on 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 transaction, the chief accounting officer now directly owns 3,450 shares in the company, valued at approximately $898,621.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chief executive officer now directly owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Stephen W. Hope sold 1,757 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the transaction, the chief accounting officer now directly owns 3,450 shares in the company, valued at approximately $898,621.50. 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. Company 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.