Alpha Omega Wealth Management LLC Purchases Shares of 895 Autodesk, Inc. (NASDAQ:ADSK)

Alpha Omega Wealth Management LLC purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 895 shares of the software company’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ADSK. Rakuten Securities Inc. acquired a new stake in shares of Autodesk during the fourth quarter worth about $28,000. First Manhattan Co. increased its position in shares of 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 acquired a new stake in shares of Autodesk during the third quarter worth about $35,000. AdvisorNet Financial Inc increased its position in shares of 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 increased its position in shares of Autodesk by 140.6% during the first quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the software company’s stock worth $35,000 after purchasing an additional 97 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. The Goldman Sachs Group lifted 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. TheStreet upgraded Autodesk from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Citigroup lifted their target price on Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Mizuho raised their price target on Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. Finally, Piper Sandler raised their price target on Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $272.44.

Autodesk Price Performance

Shares of ADSK opened at $214.92 on Thursday. Autodesk, Inc. has a twelve month low of $188.38 and a twelve month high of $279.53. The stock’s 50 day moving average is $253.88 and its two-hundred day moving average is $235.09. The firm has a market capitalization of $45.97 billion, a PE ratio of 51.05, a P/E/G ratio of 3.14 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 (NASDAQ:ADSK) last announced its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.95 by $0.14. The business had revenue of $1.47 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company earned $1.26 EPS. Research analysts anticipate that Autodesk, Inc. will post 5.38 earnings per share for the current year.

Insider Buying and Selling

In related news, CAO Stephen W. Hope sold 1,757 shares of Autodesk stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the transaction, the chief accounting officer now directly owns 3,450 shares in the company, valued at approximately $898,621.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Autodesk news, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total value of $5,473,569.47. Following the completion of the transaction, the chief executive officer now directly owns 105,213 shares in the company, valued at approximately $27,354,327.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Stephen W. Hope sold 1,757 shares of the business’s stock in a transaction on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total value of $457,645.79. Following the completion of the transaction, the chief accounting officer now owns 3,450 shares of the company’s stock, valued at $898,621.50. The disclosure for this sale can be found here. Insiders sold 46,220 shares of company stock worth $11,933,231 in the last ninety days. Insiders own 0.14% of the company’s stock.

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.