Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Simmons Bank

Simmons Bank trimmed its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.7% during the fourth quarter, Holdings Channel reports. The firm owned 3,638 shares of the software company’s stock after selling 100 shares during the period. Simmons Bank’s holdings in Autodesk were worth $886,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of ADSK. Charles Schwab Investment Management Inc. raised its stake in shares of Autodesk by 3.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,190,215 shares of the software company’s stock worth $289,794,000 after buying an additional 36,535 shares in the last quarter. Apollon Wealth Management LLC lifted its holdings in Autodesk by 162.0% in the 4th quarter. Apollon Wealth Management LLC now owns 8,465 shares of the software company’s stock valued at $2,061,000 after acquiring an additional 5,234 shares during the last quarter. Maryland State Retirement & Pension System boosted its position in shares of Autodesk by 1.9% during the 4th quarter. Maryland State Retirement & Pension System now owns 16,725 shares of the software company’s stock valued at $4,072,000 after purchasing an additional 313 shares in the last quarter. Private Advisor Group LLC grew its stake in shares of Autodesk by 8.1% in the 4th quarter. Private Advisor Group LLC now owns 10,832 shares of the software company’s stock worth $2,637,000 after purchasing an additional 808 shares during the last quarter. Finally, Metis Global Partners LLC raised its holdings in shares of Autodesk by 0.6% in the 4th quarter. Metis Global Partners LLC now owns 11,781 shares of the software company’s stock worth $2,868,000 after purchasing an additional 68 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Insider Activity at Autodesk

In other news, EVP Rebecca Pearce sold 1,628 shares of the firm’s stock in a transaction dated Thursday, March 7th. The shares were 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 approximately $3,425,974.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the company’s stock in a transaction dated 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 directly owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Rebecca Pearce sold 1,628 shares of Autodesk stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $251.54, for a total value of $409,507.12. Following the completion of the transaction, the executive vice president now owns 13,620 shares of the company’s stock, valued at approximately $3,425,974.80. The disclosure for this sale can be found here. Over 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.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on ADSK shares. StockNews.com cut Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday, April 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 research note on Friday, March 1st. Citigroup boosted their target price on shares of Autodesk from $276.00 to $307.00 and gave the company a “buy” rating in a research note on Monday, February 26th. The Goldman Sachs Group raised their target price on Autodesk from $180.00 to $230.00 and gave the stock a “sell” rating in a research report on Friday, March 1st. Finally, Barclays lifted their price target on Autodesk from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have given a buy rating to the company’s stock. According to data from MarketBeat, Autodesk currently has an average rating of “Hold” and an average target price of $274.67.

Autodesk Stock Performance

Autodesk stock traded down $0.78 on Wednesday, reaching $213.84. 637,672 shares of the stock were exchanged, compared to its average volume of 1,463,511. The stock has a market cap of $46.08 billion, a PE ratio of 50.86, a PEG ratio of 2.96 and a beta of 1.45. The firm has a fifty day moving average price of $241.58 and a two-hundred day moving average price of $235.84. 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, Inc. has a twelve month low of $190.95 and a twelve month high of $279.53.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, beating 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 the consensus estimate of $1.43 billion. During the same period in the prior year, the firm earned $1.26 EPS. The business’s revenue was up 11.5% on a year-over-year basis. Sell-side analysts anticipate that Autodesk, Inc. will post 5.38 EPS for the current year.

About Autodesk

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.