Keel Point LLC Purchases 92 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Keel Point LLC raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 7.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,308 shares of the software company’s stock after purchasing an additional 92 shares during the period. Keel Point LLC’s holdings in Autodesk were worth $318,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ADSK. Bouvel Investment Partners LLC increased its holdings in Autodesk by 0.4% during the fourth quarter. Bouvel Investment Partners LLC now owns 11,762 shares of the software company’s stock worth $2,864,000 after buying an additional 44 shares during the last quarter. Venturi Wealth Management LLC increased its stake in shares of Autodesk by 3.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,256 shares of the software company’s stock worth $306,000 after purchasing an additional 45 shares during the last quarter. Curbstone Financial Management Corp lifted its stake in Autodesk by 0.5% in the fourth quarter. Curbstone Financial Management Corp now owns 9,760 shares of the software company’s stock valued at $2,376,000 after purchasing an additional 50 shares during the last quarter. Zions Bancorporation N.A. lifted its stake in Autodesk by 8.7% in the first quarter. Zions Bancorporation N.A. now owns 635 shares of the software company’s stock valued at $136,000 after purchasing an additional 51 shares during the last quarter. Finally, Trust Co. of Oklahoma grew its holdings in Autodesk by 1.6% during the third quarter. Trust Co. of Oklahoma now owns 3,358 shares of the software company’s stock valued at $695,000 after purchasing an additional 52 shares during the period. Institutional investors own 90.24% of the company’s stock.

Insider Activity at Autodesk

In other news, Director Mary T. Mcdowell sold 5,000 shares of the stock in a transaction dated 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 directly owns 33,766 shares in the company, valued at approximately $9,285,650. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $264.74, for a total transaction of $145,607.00. Following the transaction, the director now owns 38,766 shares of the company’s stock, valued at approximately $10,262,910.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Mary T. Mcdowell sold 5,000 shares of Autodesk 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 completion of the transaction, the director now 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 a total of 46,220 shares of company stock valued at $11,933,231 over the last 90 days. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ADSK. Barclays upped their price target on Autodesk from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Piper Sandler increased their target price on shares of Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Stifel Nicolaus reissued a “buy” rating and issued a $316.00 price target on shares of Autodesk in a research report on Friday, April 12th. BMO Capital Markets raised their price objective on shares of Autodesk from $232.00 to $293.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. Finally, Oppenheimer boosted their target price on shares of Autodesk from $265.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $272.44.

Autodesk Stock Down 0.6 %

Shares of NASDAQ ADSK opened at $228.24 on Wednesday. The business has a 50-day moving average of $254.75 and a 200-day moving average of $235.23. The firm has a market capitalization of $48.82 billion, a price-to-earnings ratio of 54.21, a PEG ratio of 3.26 and a beta of 1.43. 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 12 month low of $188.38 and a 12 month high of $279.53.

Autodesk (NASDAQ:ADSK) last released its quarterly 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 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 business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.26 EPS. Sell-side analysts expect that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal 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.