Cetera Investment Advisers grew its position in shares of Autodesk, Inc. (NASDAQ:ADSK – Get Rating) by 318.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,609 shares of the software company’s stock after buying an additional 14,918 shares during the period. Cetera Investment Advisers’ holdings in Autodesk were worth $3,372,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Fort Pitt Capital Group LLC grew its holdings in shares of Autodesk by 14.0% during the 2nd quarter. Fort Pitt Capital Group LLC now owns 1,224 shares of the software company’s stock worth $210,000 after purchasing an additional 150 shares in the last quarter. Aaron Wealth Advisors LLC acquired a new stake in shares of Autodesk during the 1st quarter worth $552,000. Vanguard Group Inc. grew its holdings in shares of Autodesk by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 17,944,670 shares of the software company’s stock worth $3,846,439,000 after purchasing an additional 230,892 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in shares of Autodesk during the 1st quarter worth $64,000. Finally, Tcwp LLC acquired a new stake in shares of Autodesk during the 1st quarter worth $112,000. Institutional investors own 86.44% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on ADSK. Deutsche Bank Aktiengesellschaft reduced their price objective on Autodesk from $255.00 to $225.00 in a research note on Wednesday. Wolfe Research began coverage on Autodesk in a research note on Tuesday, August 16th. They issued an “outperform” rating and a $270.00 price objective on the stock. Rosenblatt Securities reduced their price objective on Autodesk from $270.00 to $235.00 and set a “buy” rating on the stock in a research note on Wednesday. Citigroup reduced their price objective on Autodesk from $277.00 to $256.00 and set a “buy” rating on the stock in a research note on Friday, November 18th. Finally, KeyCorp reduced their price objective on Autodesk from $264.00 to $237.00 and set an “overweight” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $241.57.
Autodesk Price Performance
Autodesk (NASDAQ:ADSK – Get Rating) last issued its quarterly earnings data on Tuesday, November 22nd. The software company reported $1.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.70. Autodesk had a return on equity of 88.57% and a net margin of 11.76%. The company had revenue of $1.28 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same period last year, the company earned $0.68 earnings per share. The firm’s revenue was up 13.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Autodesk, Inc. will post 4.13 earnings per share for the current year.
Insider Transactions at Autodesk
In other Autodesk news, CEO Andrew Anagnost sold 34,366 shares of Autodesk stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $206.87, for a total value of $7,109,294.42. Following the completion of the sale, the chief executive officer now directly owns 76,968 shares in the company, valued at $15,922,370.16. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.11% of the stock is owned by corporate insiders.
Autodesk Company Profile
Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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.
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