Apollon Wealth Management LLC Has $2.06 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Apollon Wealth Management LLC raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 162.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,465 shares of the software company’s stock after acquiring an additional 5,234 shares during the period. Apollon Wealth Management LLC’s holdings in Autodesk were worth $2,061,000 at the end of the most recent quarter.

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

Insider Transactions at Autodesk

In other Autodesk news, EVP Rebecca Pearce sold 1,628 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $251.54, for a total value of $409,507.12. Following the completion of the sale, the executive vice president now owns 13,620 shares of the company’s stock, valued at $3,425,974.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Rebecca Pearce sold 1,628 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $251.54, for a total value of $409,507.12. Following the transaction, the executive vice president now owns 13,620 shares of the company’s stock, valued at approximately $3,425,974.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Stephen W. Hope sold 1,757 shares of the stock in a transaction that occurred on Wednesday, March 27th. The stock was 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 directly owns 3,450 shares of the company’s stock, valued at $898,621.50. The disclosure for this sale can be found here. Insiders have sold 36,166 shares of company stock valued at $9,465,055 in the last 90 days. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Trading Down 0.2 %

NASDAQ ADSK traded down $0.50 during trading hours on Wednesday, hitting $214.12. 196,195 shares of the company’s stock were exchanged, compared to its average volume of 1,458,643. Autodesk, Inc. has a 1-year low of $190.95 and a 1-year high of $279.53. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23. The stock has a 50-day simple moving average of $241.58 and a 200 day simple moving average of $235.84. The firm has a market cap of $46.14 billion, a price-to-earnings ratio of 50.84, a PEG ratio of 2.96 and a beta of 1.45.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.95 by $0.14. The company had revenue of $1.47 billion during 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 company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the firm posted $1.26 EPS. On average, equities analysts forecast that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price target on shares of Autodesk in a research note on Monday, April 1st. The Goldman Sachs Group boosted their target price on shares of Autodesk from $180.00 to $230.00 and gave the stock a “sell” rating in a research note on Friday, March 1st. StockNews.com lowered Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. BMO Capital Markets lifted their price target on Autodesk from $232.00 to $293.00 and gave the company a “market perform” rating in a research note on Friday, March 1st. Finally, Berenberg Bank downgraded Autodesk from a “buy” rating to a “hold” rating and set a $295.00 price objective for the company. in a research note on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and ten have issued a buy rating to the company. According to MarketBeat, Autodesk presently has an average rating of “Hold” and an average target price of $274.67.

About Autodesk

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.