Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 61.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,452 shares of the software company’s stock after acquiring an additional 1,690 shares during the period. Coldstream Capital Management Inc.’s holdings in Autodesk were worth $1,084,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bfsg LLC acquired a new stake in shares of Autodesk in the fourth quarter worth $27,000. Rakuten Securities Inc. purchased a new position in shares of Autodesk during the 4th quarter valued at about $28,000. Private Wealth Management Group LLC acquired a new position in shares of Autodesk in the 4th quarter valued at about $31,000. First United Bank & Trust purchased a new stake in shares of Autodesk in the fourth quarter worth about $34,000. Finally, AdvisorNet Financial Inc grew 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 acquiring an additional 57 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Down 0.5 %

Shares of ADSK stock opened at $220.28 on Wednesday. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $279.53. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82. The stock’s fifty day moving average is $234.03 and its two-hundred day moving average is $237.20. The firm has a market capitalization of $47.47 billion, a P/E ratio of 52.32, a PEG ratio of 3.04 and a beta of 1.45.

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

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Barclays boosted 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. Stifel Nicolaus reissued a “buy” rating and set a $316.00 price target on shares of Autodesk in a report on Friday, April 12th. Piper Sandler Companies raised 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. BMO Capital Markets upped their price objective on shares of Autodesk from $232.00 to $293.00 and gave the stock a “market perform” rating in a research report on Friday, March 1st. Finally, Rosenblatt Securities raised their target price on Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $273.83.

Insiders Place Their Bets

In other Autodesk news, Director Mary T. Mcdowell sold 5,000 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $275.00, for a total transaction of $1,375,000.00. Following the transaction, the director now owns 33,766 shares of the company’s stock, valued at $9,285,650. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, EVP Rebecca Pearce sold 1,628 shares of the firm’s 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 completion of the sale, the executive vice president now owns 13,620 shares in the company, valued at approximately $3,425,974.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Mary T. Mcdowell sold 5,000 shares of Autodesk stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $275.00, for a total transaction of $1,375,000.00. Following the sale, the director now directly owns 33,766 shares in the company, valued at approximately $9,285,650. The disclosure for this sale can be found here. Insiders have sold 35,616 shares of company stock valued at $9,319,448 in the last ninety days. 0.14% of the stock is currently owned by corporate insiders.

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.