Boomfish Wealth Group LLC Has $941,000 Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Boomfish Wealth Group LLC trimmed its position in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 3.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,184 shares of the software company’s stock after selling 120 shares during the quarter. Boomfish Wealth Group LLC’s holdings in Autodesk were worth $941,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of ADSK. Jag Capital Management LLC acquired a new position in Autodesk during the 3rd quarter worth $13,861,000. LMR Partners LLP acquired a new position in shares of Autodesk during the 3rd quarter worth about $12,643,000. Starboard Value LP bought a new stake in Autodesk during the 3rd quarter valued at approximately $510,189,000. Erste Asset Management GmbH acquired a new stake in Autodesk in the 3rd quarter valued at approximately $20,087,000. Finally, Brookstone Capital Management grew its holdings in Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after buying an additional 26,768 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on ADSK shares. Citigroup raised their price objective on shares of Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Morgan Stanley upped their price objective on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. KeyCorp lifted their target price on Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $280.00 to $400.00 in a research note on Tuesday. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $331.50.

Read Our Latest Stock Analysis on ADSK

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the transaction, the director now owns 30,249 shares in the company, valued at $9,227,759.94. The trade was a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.14% of the stock is currently owned by company insiders.

Autodesk Stock Performance

NASDAQ ADSK opened at $309.95 on Friday. The firm has a market cap of $66.64 billion, a price-to-earnings ratio of 61.50, a PEG ratio of 3.55 and a beta of 1.42. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The company has a 50 day moving average of $299.38 and a 200-day moving average of $278.54.

Autodesk (NASDAQ:ADSKGet Free Report) last released its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm posted $1.33 EPS. On average, equities analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Autodesk Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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