Total Clarity Wealth Management Inc. boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.8% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,845 shares of the software company’s stock after buying an additional 50 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Autodesk were worth $788,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. FMR LLC grew its stake in shares of Autodesk by 1.8% in the fourth quarter. FMR LLC now owns 8,105,869 shares of the software company’s stock worth $2,475,046,000 after acquiring an additional 144,814 shares during the last quarter. Brown Advisory Inc. grew its position in Autodesk by 7.0% during the 4th quarter. Brown Advisory Inc. now owns 4,199,915 shares of the software company’s stock valued at $1,282,403,000 after purchasing an additional 276,371 shares during the last quarter. Norges Bank bought a new stake in Autodesk during the 4th quarter valued at about $1,054,698,000. Findlay Park Partners LLP raised its holdings in Autodesk by 4.3% in the fourth quarter. Findlay Park Partners LLP now owns 2,218,052 shares of the software company’s stock worth $677,260,000 after buying an additional 91,575 shares during the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Autodesk by 8.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 1,570,067 shares of the software company’s stock worth $479,404,000 after buying an additional 123,803 shares in the last quarter. Institutional investors and hedge funds own 89.41% of the company’s stock.
In other news, CAO Stephen W. Hope sold 593 shares of Autodesk stock in a transaction dated Tuesday, March 23rd. The stock was sold at an average price of $268.91, for a total value of $159,463.63. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CRO Steven M. Blum sold 9,195 shares of the stock in a transaction that occurred on Wednesday, March 31st. The shares were sold at an average price of $275.92, for a total value of $2,537,084.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 64,232 shares of company stock valued at $17,126,155. Insiders own 0.14% of the company’s stock.
Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Wednesday, February 24th. The software company reported $1.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.11. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.01 billion. Autodesk had a negative return on equity of 1,423.72% and a net margin of 11.74%. Sell-side analysts forecast that Autodesk, Inc. will post 2.42 EPS for the current year.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Autodesk from a “sell” rating to a “hold” rating and set a $291.00 price objective for the company in a report on Wednesday. Robert W. Baird boosted their price target on Autodesk from $342.00 to $360.00 in a research note on Wednesday, February 17th. Barclays increased their price objective on Autodesk from $324.00 to $335.00 and gave the company an “overweight” rating in a research report on Friday, February 26th. The Goldman Sachs Group started coverage on Autodesk in a research report on Thursday, January 21st. They issued a “sell” rating and a $270.00 target price for the company. Finally, Mizuho dropped their price target on shares of Autodesk from $340.00 to $325.00 and set a “buy” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $300.23.
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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