Certuity LLC Acquires 102 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Certuity LLC lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,101 shares of the software company’s stock after acquiring an additional 102 shares during the period. Certuity LLC’s holdings in Autodesk were worth $325,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ADSK. Jag Capital Management LLC purchased a new position in shares of Autodesk in the 3rd quarter worth approximately $13,861,000. LMR Partners LLP bought a new stake in Autodesk in the third quarter worth $12,643,000. Starboard Value LP purchased a new position in Autodesk during the third quarter worth $510,189,000. China Universal Asset Management Co. Ltd. increased its position in Autodesk by 196.2% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock valued at $2,394,000 after acquiring an additional 5,365 shares during the last quarter. Finally, Brookstone Capital Management raised its stake in shares of Autodesk by 1,058.9% in the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after acquiring an additional 26,768 shares during the period. 90.24% of the stock is owned by institutional investors.

Insider Transactions at Autodesk

In other Autodesk 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 transaction of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares in the company, valued at $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on ADSK shares. Bank of America lifted their price target on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday, February 4th. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $280.00 to $400.00 in a report on Tuesday, January 28th. Stifel Nicolaus raised their price target on Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, BMO Capital Markets upped their price objective on Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and a consensus price target of $333.77.

Autodesk Price Performance

Autodesk stock opened at $297.28 on Thursday. 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 $63.92 billion, a PE ratio of 58.98, a price-to-earnings-growth ratio of 3.17 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The business has a 50 day simple moving average of $299.71 and a 200-day simple moving average of $282.64.

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