Manchester Capital Management LLC Grows Stake in Autodesk, Inc. (NASDAQ:ADSK)

Manchester Capital Management LLC increased its holdings in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 12.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,551 shares of the software company’s stock after purchasing an additional 169 shares during the period. Manchester Capital Management LLC’s holdings in Autodesk were worth $378,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bfsg LLC purchased a new position in shares of Autodesk in the fourth quarter worth $27,000. Rakuten Securities Inc. purchased a new stake in Autodesk in the 4th quarter worth $28,000. Private Wealth Management Group LLC bought a new position in shares of Autodesk during the 4th quarter valued at about $31,000. First United Bank & Trust purchased a new position in shares of Autodesk during the fourth quarter valued at about $34,000. Finally, Operose Advisors LLC bought a new stake in shares of Autodesk in the third quarter worth about $35,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Trading Up 0.4 %

ADSK traded up $0.78 during trading hours on Friday, reaching $221.21. 1,568,015 shares of the company’s stock traded hands, compared to its average volume of 1,640,699. The firm has a 50-day moving average price of $235.61 and a 200 day moving average price of $236.66. The firm has a market capitalization of $47.67 billion, a PE ratio of 52.54, a PEG ratio of 3.03 and a beta of 1.45. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. Autodesk, Inc. has a 52-week low of $192.01 and a 52-week high of $279.53.

Autodesk (NASDAQ:ADSKGet Free Report) last issued its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The business’s revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.26 earnings per share. As a group, sell-side analysts predict that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ADSK shares. The Goldman Sachs Group increased their price target on Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a research note on Friday, March 1st. Royal Bank of Canada restated an “outperform” rating and issued a $320.00 price target on shares of Autodesk in a research report on Monday, April 1st. BMO Capital Markets increased their price objective on shares of Autodesk from $232.00 to $293.00 and gave the company a “market perform” rating in a research report on Friday, March 1st. Piper Sandler lifted their price objective on shares of Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. Finally, KeyCorp upped their target price on shares of Autodesk from $275.00 to $320.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $274.67.

Check Out Our Latest Analysis on Autodesk

Insiders Place Their Bets

In other Autodesk news, EVP Rebecca Pearce sold 1,628 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $251.54, for a total transaction of $409,507.12. Following the transaction, the executive vice president now directly owns 13,620 shares in the company, valued at approximately $3,425,974.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Mary T. Mcdowell sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $275.00, for a total value of $1,375,000.00. Following the completion of the sale, the director now owns 33,766 shares of the company’s stock, valued at approximately $9,285,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Rebecca Pearce sold 1,628 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $251.54, for a total transaction of $409,507.12. Following the transaction, the executive vice president now owns 13,620 shares in the company, valued at $3,425,974.80. The disclosure for this sale can be found here. Insiders have sold 35,616 shares of company stock worth $9,319,448 in the last three months. Corporate insiders own 0.14% of the company’s stock.

Autodesk Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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