Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 57.0% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 16,646 shares of the software company’s stock after buying an additional 6,044 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Autodesk were worth $4,335,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in ADSK. VisionPoint Advisory Group LLC raised its position in Autodesk by 21.5% in the fourth quarter. VisionPoint Advisory Group LLC now owns 237 shares of the software company’s stock worth $58,000 after acquiring an additional 42 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in Autodesk by 3.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock worth $306,000 after purchasing an additional 45 shares during the last quarter. Goodman Advisory Group LLC lifted its holdings in Autodesk by 0.4% in the 4th quarter. Goodman Advisory Group LLC now owns 11,375 shares of the software company’s stock worth $2,770,000 after purchasing an additional 49 shares during the last quarter. Epic Trust Investment Advisors LLC lifted its holdings in Autodesk by 3.7% in the 4th quarter. Epic Trust Investment Advisors LLC now owns 1,360 shares of the software company’s stock worth $331,000 after purchasing an additional 49 shares during the last quarter. Finally, Beacon Financial Group lifted its holdings in shares of Autodesk by 4.1% during the fourth quarter. Beacon Financial Group now owns 1,248 shares of the software company’s stock worth $304,000 after buying an additional 49 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Rosenblatt Securities restated a “buy” rating and set a $290.00 price objective on shares of Autodesk in a research report on Wednesday, June 12th. Berenberg Bank cut Autodesk from a “buy” rating to a “hold” rating and set a $295.00 target price on the stock. in a report on Wednesday, May 1st. Piper Sandler reaffirmed a “neutral” rating and set a $239.00 price target on shares of Autodesk in a research note on Wednesday, June 12th. Robert W. Baird cut their target price on Autodesk from $296.00 to $289.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 29th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $260.00 target price on shares of Autodesk in a research note on Tuesday, June 18th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $262.42.

Insider Activity at Autodesk

In related news, COO Steven M. Blum sold 19,693 shares of Autodesk stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $250.00, for a total transaction of $4,923,250.00. Following the completion of the sale, the chief operating officer now owns 34,443 shares of the company’s stock, valued at $8,610,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Autodesk news, Director Mary T. Mcdowell sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $226.21, for a total transaction of $248,831.00. Following the transaction, the director now owns 32,116 shares in the company, valued at approximately $7,264,960.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Steven M. Blum sold 19,693 shares of the company’s stock in a transaction that occurred 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 owns 34,443 shares in the company, valued at approximately $8,610,750. The disclosure for this sale can be found here. Over the last quarter, insiders sold 39,381 shares of company stock valued at $9,401,282. Company insiders own 0.14% of the company’s stock.

Autodesk Stock Up 0.4 %

NASDAQ:ADSK traded up $0.97 on Tuesday, hitting $246.23. The stock had a trading volume of 693,580 shares, compared to its average volume of 1,713,897. The business’s fifty day moving average is $231.42 and its 200 day moving average is $240.01. The company has a market cap of $53.07 billion, a PE ratio of 53.30, a P/E/G ratio of 3.24 and a beta of 1.48. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 1.06. Autodesk, Inc. has a 52 week low of $192.01 and a 52 week high of $279.53.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, June 11th. The software company reported $1.87 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.10. The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.39 billion. Autodesk had a return on equity of 65.46% and a net margin of 17.66%. Autodesk’s revenue was up 11.7% on a year-over-year basis. During the same period last year, the business posted $1.55 earnings per share. On average, equities research analysts expect that Autodesk, Inc. will post 5.55 EPS for the current fiscal year.

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.