Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Bradley Foster & Sargent Inc. CT

Bradley Foster & Sargent Inc. CT lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 21.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,257 shares of the software company’s stock after purchasing an additional 585 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in Autodesk were worth $806,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ADSK. Gilbert & Cook Inc. boosted its holdings in shares of Autodesk by 5.5% in the 4th quarter. Gilbert & Cook Inc. now owns 1,974 shares of the software company’s stock valued at $481,000 after acquiring an additional 103 shares during the last quarter. Jump Financial LLC purchased a new stake in Autodesk in the fourth quarter valued at $287,000. Corient Private Wealth LLC grew its position in Autodesk by 1.7% during the 4th quarter. Corient Private Wealth LLC now owns 92,158 shares of the software company’s stock worth $22,439,000 after purchasing an additional 1,564 shares during the period. EverSource Wealth Advisors LLC grew its position in Autodesk by 48.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 579 shares of the software company’s stock worth $141,000 after purchasing an additional 189 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Autodesk by 58.0% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 17,650 shares of the software company’s stock valued at $4,297,000 after buying an additional 6,481 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 2.1 %

ADSK stock opened at $269.76 on Friday. The business’s 50-day moving average is $249.98 and its 200 day moving average is $239.56. Autodesk, Inc. has a 12-month low of $192.01 and a 12-month high of $279.53. The stock has a market cap of $58.14 billion, a price-to-earnings ratio of 58.39, a PEG ratio of 3.29 and a beta of 1.48. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.80.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business’s revenue was up 11.9% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 earnings per share. On average, sell-side analysts anticipate that Autodesk, Inc. will post 5.73 EPS for the current fiscal year.

Analyst Ratings Changes

ADSK has been the topic of a number of recent research reports. Stifel Nicolaus upped their target price on Autodesk from $290.00 to $320.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Morgan Stanley upped their price objective on Autodesk from $305.00 to $320.00 and gave the stock an “overweight” rating in a research report on Friday, August 30th. KeyCorp reaffirmed an “overweight” rating and set a $305.00 target price on shares of Autodesk in a report on Monday, August 26th. Royal Bank of Canada increased their price target on shares of Autodesk from $290.00 to $313.00 and gave the stock an “outperform” rating in a report on Friday, August 30th. Finally, Piper Sandler raised their price target on shares of Autodesk from $239.00 to $257.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Seven investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $292.17.

Insider Activity

In related news, COO Steven M. Blum sold 19,693 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $250.00, for a total transaction of $4,923,250.00. Following the transaction, the chief operating officer now directly owns 34,443 shares in the company, valued at $8,610,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $265.50, for a total value of $146,025.00. Following the completion of the sale, the director now owns 31,349 shares of the company’s stock, valued at $8,323,159.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Steven M. Blum sold 19,693 shares of the business’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $250.00, for a total value of $4,923,250.00. Following the transaction, the chief operating officer now directly owns 34,443 shares in the company, valued at approximately $8,610,750. The disclosure for this sale can be found here. Insiders sold 38,762 shares of company stock worth $10,046,302 over the last three months. 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.