LifePlan Financial LLC Purchases New Holdings in Autodesk, Inc. (NASDAQ:ADSK)

LifePlan Financial LLC bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 2,261 shares of the software company’s stock, valued at approximately $551,000.

A number of other large investors also recently bought and sold shares of the company. First Manhattan Co. raised its position in shares of Autodesk by 342.9% during the 1st quarter. First Manhattan Co. now owns 155 shares of the software company’s stock worth $33,000 after purchasing an additional 120 shares during the period. Operose Advisors LLC acquired a new stake in shares of Autodesk during the 3rd quarter worth approximately $35,000. AdvisorNet Financial Inc raised its position 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 purchasing an additional 57 shares during the period. Carolinas Wealth Consulting LLC raised its position in shares of Autodesk by 140.6% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the software company’s stock worth $35,000 after purchasing an additional 97 shares during the period. Finally, Worth Asset Management LLC acquired a new stake in shares of Autodesk during the 1st quarter worth approximately $36,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 3.1 %

Shares of NASDAQ:ADSK traded down $7.36 during midday trading on Monday, hitting $229.62. 1,384,637 shares of the stock were exchanged, compared to its average volume of 1,298,101. 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 business’s fifty day simple moving average is $255.73 and its two-hundred day simple moving average is $234.92. The company has a market capitalization of $49.12 billion, a PE ratio of 56.66, a P/E/G ratio of 3.26 and a beta of 1.43. Autodesk, Inc. has a 52-week low of $188.38 and a 52-week high of $279.53.

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

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of research reports. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 price target on shares of Autodesk in a research report on Monday, April 1st. The Goldman Sachs Group raised their target price on Autodesk from $180.00 to $230.00 and gave the company a “sell” 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 research report on Friday, March 1st. Piper Sandler raised their target price on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Finally, TheStreet upgraded Autodesk from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $272.44.

Insider Buying and Selling at Autodesk

In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of Autodesk stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the sale, the chief executive officer now directly owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Rebecca Pearce sold 1,628 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $251.54, for a total value of $409,507.12. Following the completion of the transaction, the executive vice president now owns 13,620 shares in the company, valued at approximately $3,425,974.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the completion of the transaction, the chief executive officer now owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,770 shares of company stock valued at $12,065,385. 0.14% of the stock is currently owned by corporate insiders.

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.