Autodesk, Inc. (NASDAQ:ADSK) Stake Raised by Cwm LLC

Cwm LLC grew its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 36.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,333 shares of the software company’s stock after buying an additional 17,643 shares during the period. Cwm LLC’s holdings in Autodesk were worth $16,151,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. bought a new stake in Autodesk during the fourth quarter worth approximately $28,000. First Manhattan Co. raised its holdings in Autodesk by 342.9% during the first quarter. First Manhattan Co. now owns 155 shares of the software company’s stock worth $33,000 after purchasing an additional 120 shares in the last quarter. Operose Advisors LLC bought a new stake in Autodesk during the third quarter worth approximately $35,000. AdvisorNet Financial Inc raised its holdings in Autodesk by 67.1% during the fourth quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock worth $35,000 after purchasing an additional 57 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC grew its position in Autodesk by 140.6% in the first quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the software company’s stock worth $35,000 after buying an additional 97 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 2.8 %

Shares of NASDAQ:ADSK opened at $216.50 on Monday. The stock has a market capitalization of $46.31 billion, a PE ratio of 51.43, a P/E/G ratio of 2.98 and a beta of 1.43. Autodesk, Inc. has a 1 year low of $188.38 and a 1 year high of $279.53. The firm has a fifty day moving average price of $251.86 and a 200 day moving average price of $235.39. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.43 billion. During the same period in the prior year, the company posted $1.26 earnings per share. Autodesk’s revenue for the quarter was up 11.5% on a year-over-year basis. Analysts expect that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the sale, the chief accounting officer now directly owns 3,450 shares in the company, valued at $898,621.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Autodesk news, CFO Deborah Clifford sold 5,553 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $260.01, for a total transaction of $1,443,835.53. Following the completion of the sale, the chief financial officer now directly owns 32,259 shares in the company, valued at $8,387,662.59. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Stephen W. Hope sold 1,757 shares of the stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the sale, 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 sold 36,166 shares of company stock worth $9,465,055 over the last ninety days. Company insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. TheStreet upgraded shares of Autodesk from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. The Goldman Sachs Group lifted their price target on shares of Autodesk from $180.00 to $230.00 and gave the stock a “sell” 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 stock an “overweight” rating in a research report on Friday, March 1st. StockNews.com upgraded shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $316.00 price objective on shares of Autodesk in a research report on Friday, April 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.44.

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.