SageView Advisory Group LLC Grows Stake in Autodesk, Inc. (NASDAQ:ADSK)

SageView Advisory Group LLC increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,070 shares of the software company’s stock after buying an additional 204 shares during the quarter. SageView Advisory Group LLC’s holdings in Autodesk were worth $8,994,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Bfsg LLC purchased a new stake in shares of Autodesk during the fourth quarter valued at $27,000. Rakuten Securities Inc. purchased a new stake in shares of Autodesk during the fourth quarter valued at $28,000. Private Wealth Management Group LLC purchased a new stake in shares of Autodesk during the fourth quarter valued at $31,000. First United Bank & Trust purchased a new stake in shares of Autodesk during the fourth quarter valued at $34,000. Finally, Operose Advisors LLC purchased a new stake in Autodesk in the third quarter valued at $35,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Friday, March 15th. The shares were sold at an average price of $256.66, for a total transaction of $141,163.00. Following the sale, the director now directly owns 33,216 shares in the company, valued at approximately $8,525,218.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 transaction of $5,473,569.47. Following 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 Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $256.66, for a total transaction of $141,163.00. Following the transaction, the director now directly owns 33,216 shares in the company, valued at $8,525,218.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,616 shares of company stock worth $9,319,448. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Down 2.2 %

Autodesk stock traded down $4.80 during mid-day trading on Thursday, reaching $215.16. 1,735,552 shares of the company’s stock were exchanged, compared to its average volume of 1,454,033. The company has a market cap of $46.36 billion, a P/E ratio of 51.65, a P/E/G ratio of 3.03 and a beta of 1.45. Autodesk, Inc. has a twelve month low of $192.01 and a twelve month high of $279.53. 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 company has a fifty day moving average of $233.25 and a 200-day moving average of $237.08.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (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 analyst estimates of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The firm’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.26 EPS. Sell-side analysts expect that Autodesk, Inc. will post 5.38 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ADSK shares. Piper Sandler upped their price target on shares of Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, March 1st. The Goldman Sachs Group upped their price target on shares of Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a report on Friday, March 1st. Citigroup upped their price objective on shares of Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Berenberg Bank downgraded shares of Autodesk from a “buy” rating to a “hold” rating and set a $295.00 price target for the company. in a research report on Wednesday, May 1st. Finally, BMO Capital Markets upped their price target on shares of Autodesk from $232.00 to $293.00 and gave the stock a “market perform” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, Autodesk presently has a consensus rating of “Hold” and a consensus target price of $270.17.

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.