Patriot Financial Group Insurance Agency LLC Has $680,000 Stake in Autodesk, Inc. (NASDAQ:ADSK)

Patriot Financial Group Insurance Agency LLC increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,301 shares of the software company’s stock after acquiring an additional 129 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Autodesk were worth $680,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Marshall Financial Group LLC boosted its position in Autodesk by 0.8% in the 3rd quarter. Marshall Financial Group LLC now owns 4,491 shares of the software company’s stock valued at $1,237,000 after buying an additional 35 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in Autodesk by 1.9% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock valued at $551,000 after acquiring an additional 35 shares during the last quarter. Grove Bank & Trust boosted its holdings in Autodesk by 9.2% in the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after acquiring an additional 37 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in Autodesk by 11.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock worth $106,000 after purchasing an additional 38 shares during the period. Finally, Avitas Wealth Management LLC raised its holdings in Autodesk by 0.8% during the 3rd quarter. Avitas Wealth Management LLC now owns 5,577 shares of the software company’s stock worth $1,536,000 after purchasing an additional 42 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction 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 transaction, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several analyst reports. Morgan Stanley lifted their price target on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. Hsbc Global Res lowered Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. UBS Group assumed coverage on Autodesk in a report on Monday, December 2nd. They issued a “buy” rating and a $350.00 price objective for the company. Finally, KeyCorp increased their target price on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Autodesk presently has an average rating of “Moderate Buy” and a consensus price target of $331.50.

Autodesk Price Performance

Shares of ADSK opened at $309.93 on Wednesday. The company has a 50 day moving average of $299.36 and a 200-day moving average of $277.96. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $66.63 billion, a P/E ratio of 61.49, a P/E/G ratio of 3.55 and a beta of 1.42. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

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

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.