Keudell Morrison Wealth Management Invests $203,000 in Autodesk, Inc. (NASDAQ:ADSK)

Keudell Morrison Wealth Management bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 688 shares of the software company’s stock, valued at approximately $203,000.

A number of other large investors also recently modified their holdings of the stock. Mediolanum International Funds Ltd lifted its position in shares of Autodesk by 3.2% during the fourth quarter. Mediolanum International Funds Ltd now owns 16,192 shares of the software company’s stock worth $4,806,000 after purchasing an additional 496 shares in the last quarter. Milestone Asset Management LLC acquired a new position in shares of Autodesk during the fourth quarter worth approximately $220,000. Swedbank AB lifted its position in shares of Autodesk by 4.9% during the fourth quarter. Swedbank AB now owns 141,729 shares of the software company’s stock worth $41,891,000 after purchasing an additional 6,581 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Autodesk by 25.5% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company’s stock worth $88,711,000 after purchasing an additional 60,963 shares in the last quarter. Finally, R Squared Ltd acquired a new position in Autodesk in the fourth quarter valued at approximately $160,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Oppenheimer increased their price objective on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. UBS Group assumed coverage on shares of Autodesk in a report on Monday, December 2nd. They issued a “buy” rating and a $350.00 price objective on the stock. KeyCorp increased their price objective on shares of Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, Robert W. Baird increased their price objective on shares of Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $331.50.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the transaction, the director now owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.14% of the stock is owned by insiders.

Autodesk Stock Up 0.4 %

Shares of ADSK stock opened at $311.34 on Friday. The firm has a fifty day moving average of $299.28 and a 200-day moving average of $278.76. The company has a quick ratio of 0.65, a current 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. The company has a market capitalization of $66.94 billion, a price-to-earnings ratio of 61.77, a P/E/G ratio of 3.59 and a beta of 1.42.

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