Legacy Financial Advisors Inc. Has $780,000 Stake in Autodesk, Inc. (NASDAQ:ADSK)

Legacy Financial Advisors Inc. grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 12.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 3,203 shares of the software company’s stock after acquiring an additional 351 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Autodesk were worth $780,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Commonwealth Equity Services LLC raised its stake in Autodesk by 8.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 26,477 shares of the software company’s stock worth $5,478,000 after buying an additional 2,092 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in Autodesk by 0.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 57,516 shares of the software company’s stock worth $11,901,000 after purchasing an additional 314 shares in the last quarter. Stratos Wealth Partners LTD. increased its stake in Autodesk by 19.4% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 1,448 shares of the software company’s stock valued at $300,000 after buying an additional 235 shares during the last quarter. Independent Advisor Alliance boosted its stake in shares of Autodesk by 2.1% in the 3rd quarter. Independent Advisor Alliance now owns 4,384 shares of the software company’s stock worth $907,000 after buying an additional 92 shares during the last quarter. Finally, NorthRock Partners LLC purchased a new position in shares of Autodesk in the 3rd quarter worth approximately $222,000. 90.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on ADSK shares. Stifel Nicolaus reiterated a “buy” rating and set a $316.00 price target on shares of Autodesk in a report on Friday, April 12th. Mizuho boosted their price target on shares of Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Citigroup raised their price objective on shares of Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Berenberg Bank downgraded shares of Autodesk from a “buy” rating to a “hold” rating and set a $295.00 target price for the company. in a research report on Wednesday. Finally, Royal Bank of Canada restated an “outperform” rating and set a $320.00 price target on shares of Autodesk in a research note on Monday, April 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $274.67.

Insider Activity

In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the completion of the transaction, the chief executive officer now owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of Autodesk stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the transaction, the chief accounting officer now directly owns 3,450 shares of the company’s stock, valued at $898,621.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Andrew Anagnost sold 21,053 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the completion of the sale, the chief executive officer now directly owns 105,213 shares of the company’s stock, valued at approximately $27,354,327.87. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,166 shares of company stock worth $9,465,055. 0.14% of the stock is currently owned by insiders.

Autodesk Price Performance

NASDAQ:ADSK traded up $5.24 during mid-day trading on Friday, hitting $215.19. 1,197,081 shares of the stock traded hands, compared to its average volume of 2,034,404. Autodesk, Inc. has a 12-month low of $189.54 and a 12-month high of $279.53. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. The company has a market cap of $46.37 billion, a PE ratio of 51.11, a price-to-earnings-growth ratio of 2.89 and a beta of 1.45. The business’s 50-day moving average price is $243.24 and its 200 day moving average price is $235.35.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.14. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The business’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.26 earnings per share. On average, analysts expect that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

Autodesk Company 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.