Kestra Private Wealth Services LLC Sells 72 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Kestra Private Wealth Services LLC trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 0.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,482 shares of the software company’s stock after selling 72 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Autodesk were worth $2,065,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in ADSK. Intrust Bank NA raised its stake in shares of Autodesk by 11.7% during the fourth quarter. Intrust Bank NA now owns 2,169 shares of the software company’s stock valued at $528,000 after acquiring an additional 227 shares during the last quarter. Investment House LLC raised its position in Autodesk by 0.3% during the 4th quarter. Investment House LLC now owns 55,120 shares of the software company’s stock valued at $13,421,000 after purchasing an additional 140 shares during the last quarter. Choreo LLC purchased a new stake in Autodesk in the 4th quarter worth approximately $208,000. Gilbert & Cook Inc. grew its position in shares of Autodesk by 5.5% in the 4th quarter. Gilbert & Cook Inc. now owns 1,974 shares of the software company’s stock worth $481,000 after buying an additional 103 shares during the last quarter. Finally, Eagle Wealth Strategies LLC bought a new stake in shares of Autodesk in the 4th quarter worth approximately $251,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In other news, CEO Andrew Anagnost sold 21,053 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the sale, the chief executive officer now owns 105,213 shares in the company, valued at $27,354,327.87. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Autodesk news, EVP Rebecca Pearce sold 1,628 shares of Autodesk 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 completion of the sale, the executive vice president now owns 13,620 shares of the company’s stock, valued at approximately $3,425,974.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Andrew Anagnost sold 21,053 shares of the company’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the transaction, the chief executive officer now directly owns 105,213 shares in the company, valued at $27,354,327.87. The disclosure for this sale can be found here. In the last ninety days, insiders sold 36,166 shares of company stock worth $9,465,055. 0.14% of the stock is owned by corporate insiders.

Autodesk Stock Down 1.0 %

ADSK stock opened at $210.71 on Thursday. The business has a 50 day moving average of $245.02 and a 200 day 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 twelve month low of $189.54 and a twelve month high of $279.53. 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 (NASDAQ:ADSK) last released its earnings results on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The company’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.26 earnings per share. On average, research analysts forecast that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ADSK has been the subject of a number of research analyst reports. Rosenblatt Securities raised their price target on Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Mizuho raised their target price on shares of Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Citigroup boosted 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. Piper Sandler raised their price objective on shares of Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Finally, Stifel Nicolaus reaffirmed 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, eight have issued a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $274.67.

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.