Goodman Advisory Group LLC Purchases 49 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Goodman Advisory Group LLC raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,375 shares of the software company’s stock after acquiring an additional 49 shares during the quarter. Autodesk makes up 0.9% of Goodman Advisory Group LLC’s holdings, making the stock its 26th biggest position. Goodman Advisory Group LLC’s holdings in Autodesk were worth $2,770,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADSK. Acadian Asset Management LLC lifted its stake in shares of Autodesk by 351.2% during the 1st quarter. Acadian Asset Management LLC now owns 3,623 shares of the software company’s stock valued at $775,000 after buying an additional 2,820 shares in the last quarter. Panagora Asset Management Inc. grew its holdings in Autodesk by 71.7% in the 1st quarter. Panagora Asset Management Inc. now owns 4,479 shares of the software company’s stock worth $960,000 after acquiring an additional 1,871 shares during the last quarter. Cetera Investment Advisers grew its holdings in Autodesk by 3.6% in the 1st quarter. Cetera Investment Advisers now owns 4,691 shares of the software company’s stock worth $1,006,000 after acquiring an additional 164 shares during the last quarter. Moors & Cabot Inc. bought a new stake in Autodesk in the 1st quarter worth $218,000. Finally, Dakota Wealth Management grew its holdings in Autodesk by 18.0% in the 1st quarter. Dakota Wealth Management now owns 1,915 shares of the software company’s stock worth $411,000 after acquiring an additional 292 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Performance

Shares of ADSK stock traded down $11.21 during trading hours on Wednesday, reaching $217.03. The company had a trading volume of 3,737,184 shares, compared to its average volume of 1,337,025. The business has a fifty day moving average price of $254.75 and a 200-day moving average price of $235.23. Autodesk, Inc. has a one year low of $188.38 and a one year high of $279.53. The firm has a market cap of $46.42 billion, a PE ratio of 54.21, a price-to-earnings-growth ratio of 3.16 and a beta of 1.43. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same period in the previous year, the business posted $1.26 earnings per share. The business’s revenue for the quarter was up 11.5% on a year-over-year basis. Sell-side analysts predict that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Insider Transactions at Autodesk

In related news, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 105,213 shares in the company, valued at $27,354,327.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 105,213 shares in the company, valued at $27,354,327.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Deborah Clifford sold 5,553 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $260.01, for a total transaction of $1,443,835.53. Following the sale, the chief financial officer now owns 32,259 shares of the company’s stock, valued at $8,387,662.59. The disclosure for this sale can be found here. Insiders sold 46,220 shares of company stock worth $11,933,231 over the last three months. 0.14% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Stifel Nicolaus reissued a “buy” rating and issued a $316.00 price target on shares of Autodesk in a report on Friday, April 12th. KeyCorp raised their target price on shares of Autodesk from $275.00 to $320.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Barclays raised their target price 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. Piper Sandler raised their target price 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, Piper Sandler Companies raised their target price 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. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and twelve have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $272.44.

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.