Outlook Wealth Advisors LLC Raises Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Outlook Wealth Advisors LLC increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 24.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 1,266 shares of the software company’s stock after purchasing an additional 246 shares during the period. Outlook Wealth Advisors LLC’s holdings in Autodesk were worth $330,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Arthur M. Cohen & Associates LLC raised its stake in shares of Autodesk by 5.6% during the first quarter. Arthur M. Cohen & Associates LLC now owns 950 shares of the software company’s stock worth $247,000 after purchasing an additional 50 shares during the last quarter. Marshall Financial Group LLC boosted its holdings in Autodesk by 7.7% in the 1st quarter. Marshall Financial Group LLC now owns 4,214 shares of the software company’s stock valued at $1,097,000 after purchasing an additional 303 shares in the last quarter. American National Bank & Trust Co. VA acquired a new position in Autodesk during the first quarter worth $284,000. First Trust Direct Indexing L.P. increased its holdings in shares of Autodesk by 12.7% in the 1st quarter. First Trust Direct Indexing L.P. now owns 6,529 shares of the software company’s stock valued at $1,700,000 after purchasing an additional 734 shares in the last quarter. Finally, Norden Group LLC boosted its holdings in Autodesk by 2,187.1% during the first quarter. Norden Group LLC now owns 186,143 shares of the software company’s stock worth $48,475,000 after buying an additional 178,004 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Up 0.7 %

Shares of NASDAQ:ADSK traded up $1.53 during trading on Friday, hitting $217.93. The company’s stock had a trading volume of 1,277,888 shares, compared to its average volume of 1,925,797. Autodesk, Inc. has a fifty-two week low of $188.38 and a fifty-two week high of $279.53. The stock’s 50-day moving average price is $247.53 and its two-hundred day moving average price is $235.31. 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 company has a market capitalization of $46.62 billion, a PE ratio of 51.76, a PEG ratio of 2.97 and a beta of 1.43.

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

Insiders Place Their Bets

In other news, CAO Stephen W. Hope sold 1,757 shares of the company’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total value of $457,645.79. Following the sale, the chief accounting officer now owns 3,450 shares in the company, valued at approximately $898,621.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other 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 value of $457,645.79. Following the completion of the transaction, the chief accounting officer now owns 3,450 shares in the company, valued at approximately $898,621.50. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Andrew Anagnost sold 21,053 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the sale, the chief executive officer now directly owns 105,213 shares in the company, valued at $27,354,327.87. The disclosure for this sale can be found here. Insiders sold a total of 36,166 shares of company stock valued at $9,465,055 in the last ninety days. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Rosenblatt Securities upped their price target on Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a report on Friday, March 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 target price on shares of Autodesk in a report on Monday, April 1st. Piper Sandler upped their price objective on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. TheStreet raised shares of Autodesk from a “c+” rating to a “b-” rating in a research note on Friday, December 29th. Finally, StockNews.com lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $272.44.

Autodesk Company 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.