Atria Wealth Solutions Inc. Buys 226 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Atria Wealth Solutions Inc. raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,919 shares of the software company’s stock after purchasing an additional 226 shares during the period. Atria Wealth Solutions Inc.’s holdings in Autodesk were worth $1,454,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. State Street Corp grew its stake in Autodesk by 3.0% in the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after buying an additional 288,931 shares during the last quarter. FMR LLC boosted its holdings in Autodesk by 0.8% during the third quarter. FMR LLC now owns 5,653,602 shares of the software company’s stock valued at $1,557,454,000 after acquiring an additional 46,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Autodesk by 2.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company’s stock valued at $657,292,000 after purchasing an additional 61,785 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Autodesk by 12.6% in the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after purchasing an additional 245,816 shares during the period. Finally, Starboard Value LP acquired a new position in shares of Autodesk during the 3rd quarter worth about $510,189,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Trading Down 2.1 %

Shares of Autodesk stock opened at $285.00 on Monday. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The stock has a market capitalization of $61.28 billion, a P/E ratio of 56.55, a price-to-earnings-growth ratio of 3.00 and a beta of 1.43. The company has a 50-day simple moving average of $298.25 and a 200 day simple moving average of $286.00. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.05. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.33 earnings per share. Research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on ADSK shares. Robert W. Baird raised their target price on Autodesk from $330.00 to $345.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. UBS Group assumed coverage on shares of Autodesk in a research note on Monday, December 2nd. They issued a “buy” rating and a $350.00 price objective on the stock. Wells Fargo & Company upped their target price on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. BMO Capital Markets raised their price target on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Finally, Bank of America upped their price objective on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday, February 4th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $334.45.

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.