Ballentine Partners LLC Buys 62 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Ballentine Partners LLC lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,595 shares of the software company’s stock after acquiring an additional 62 shares during the quarter. Ballentine Partners LLC’s holdings in Autodesk were worth $1,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Livelsberger Financial Advisory bought a new position in shares of Autodesk during the third quarter worth about $27,000. Transcendent Capital Group LLC bought a new position in shares of Autodesk during the third quarter worth about $28,000. Concord Wealth Partners bought a new position in shares of Autodesk during the third quarter worth about $28,000. Central Pacific Bank Trust Division bought a new position in shares of Autodesk during the fourth quarter worth about $37,000. Finally, Union Savings Bank bought a new position in shares of Autodesk during the fourth quarter worth about $41,000. 90.24% of the stock is currently owned by institutional investors.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction 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 transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Performance

Shares of Autodesk stock opened at $296.91 on Wednesday. The firm has a market capitalization of $63.84 billion, a P/E ratio of 58.91, a price-to-earnings-growth ratio of 3.44 and a beta of 1.42. The business’s fifty day simple moving average is $299.99 and its 200 day simple moving average is $276.11. 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, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62.

Autodesk (NASDAQ:ADSK) last issued its 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. The firm 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 business’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 earnings per share. As a group, analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently commented on ADSK. Stifel Nicolaus raised their target price on Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. UBS Group began coverage on Autodesk in a research note on Monday, December 2nd. They set a “buy” rating and a $350.00 target price for the company. BMO Capital Markets raised their target price on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Barclays raised their target price on Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Finally, Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $311.00 to $357.00 in a research note on Wednesday, January 8th. Nine equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $326.05.

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.