Bouvel Investment Partners LLC Has $3.56 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Bouvel Investment Partners LLC increased its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,051 shares of the software company’s stock after buying an additional 63 shares during the period. Bouvel Investment Partners LLC’s holdings in Autodesk were worth $3,562,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in ADSK. Livelsberger Financial Advisory acquired a new position in shares of Autodesk during the third quarter worth $27,000. Transcendent Capital Group LLC bought a new position in Autodesk during the 3rd quarter worth $28,000. Concord Wealth Partners acquired a new position in Autodesk during the 3rd quarter worth about $28,000. Central Pacific Bank Trust Division acquired a new stake in shares of Autodesk in the fourth quarter valued at about $37,000. Finally, Wolff Wiese Magana LLC increased its stake in shares of Autodesk by 3,625.0% in the third quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock valued at $41,000 after buying an additional 145 shares during the period. 90.24% of the stock is owned by institutional investors.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.14% of the stock is currently owned by company insiders.

Autodesk Stock Performance

Shares of Autodesk stock opened at $290.08 on Friday. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The firm has a market capitalization of $62.37 billion, a P/E ratio of 57.56, a price-to-earnings-growth ratio of 3.36 and a beta of 1.42. The business’s fifty day simple moving average is $301.03 and its 200 day simple moving average is $274.97. 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 (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating 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 firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.33 earnings per share. As a group, analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

Analyst Ratings Changes

ADSK has been the subject of several research analyst reports. Robert W. Baird lifted their price objective on Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Oppenheimer boosted their target price on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Scotiabank initiated coverage on shares of Autodesk in a report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 price target for the company. Morgan Stanley lifted their price target on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $326.05.

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.