Autodesk, Inc. (NASDAQ:ADSK) Shares Bought by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 42.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,695 shares of the software company’s stock after acquiring an additional 1,711 shares during the period. Atria Wealth Solutions Inc.’s holdings in Autodesk were worth $1,387,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Autodesk by 0.4% in the third quarter. Vanguard Group Inc. now owns 18,728,596 shares of the software company’s stock worth $3,875,134,000 after acquiring an additional 69,039 shares during the last quarter. Clearbridge Investments LLC boosted its position in shares of Autodesk by 1.2% in the third quarter. Clearbridge Investments LLC now owns 3,018,078 shares of the software company’s stock worth $624,471,000 after acquiring an additional 35,105 shares during the last quarter. Northern Trust Corp boosted its position in shares of Autodesk by 1.7% in the third quarter. Northern Trust Corp now owns 2,548,156 shares of the software company’s stock worth $527,239,000 after acquiring an additional 43,293 shares during the last quarter. Morgan Stanley lifted its position in Autodesk by 4.5% during the third quarter. Morgan Stanley now owns 2,378,796 shares of the software company’s stock valued at $492,197,000 after buying an additional 102,035 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in Autodesk by 14.2% during the third quarter. Ameriprise Financial Inc. now owns 2,364,179 shares of the software company’s stock valued at $489,178,000 after buying an additional 293,464 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Rebecca Pearce sold 1,628 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 13,620 shares of the company’s stock, valued at $3,425,974.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 value of $409,507.12. Following the sale, the executive vice president now directly owns 13,620 shares in the company, valued at $3,425,974.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CAO Stephen W. Hope sold 1,757 shares of the company’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total transaction of $457,645.79. Following the transaction, the chief accounting officer now owns 3,450 shares of the company’s stock, valued at approximately $898,621.50. The disclosure for this sale can be found here. Insiders have sold 36,166 shares of company stock valued at $9,465,055 over the last quarter. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ADSK. Royal Bank of Canada reaffirmed an “outperform” rating and set a $320.00 price target on shares of Autodesk in a research report on Monday, April 1st. Citigroup lifted their price target on shares of Autodesk from $276.00 to $307.00 and gave the company a “buy” rating in a research report on Monday, February 26th. KeyCorp lifted their price target 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. Barclays lifted their price target on shares of Autodesk from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Finally, Piper Sandler Companies lifted their price target on shares of Autodesk from $234.00 to $260.00 and gave the company a “neutral” 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 ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $274.67.

Autodesk Stock Down 1.0 %

Shares of NASDAQ:ADSK opened at $210.71 on Thursday. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23. The company has a fifty day simple moving average of $245.02 and a 200 day simple moving average of $235.51. The firm has a market cap of $45.40 billion, a PE ratio of 50.05, a price-to-earnings-growth ratio of 2.98 and a beta of 1.43. Autodesk, Inc. has a 12-month low of $189.54 and a 12-month high of $279.53.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The firm had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.43 billion. During the same quarter in the previous year, the firm earned $1.26 earnings per share. The firm’s revenue for the quarter was up 11.5% compared to the same quarter last year. On average, equities research analysts anticipate that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

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.