Avalon Trust Co Boosts Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Avalon Trust Co increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 34.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 279 shares of the software company’s stock after purchasing an additional 72 shares during the quarter. Avalon Trust Co’s holdings in Autodesk were worth $68,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Commonwealth Equity Services LLC grew its stake in Autodesk by 8.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 26,477 shares of the software company’s stock valued at $5,478,000 after purchasing an additional 2,092 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Autodesk by 0.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 57,516 shares of the software company’s stock worth $11,901,000 after buying an additional 314 shares in the last quarter. Stratos Wealth Partners LTD. grew its position in shares of Autodesk by 19.4% during the third quarter. Stratos Wealth Partners LTD. now owns 1,448 shares of the software company’s stock worth $300,000 after buying an additional 235 shares in the last quarter. Independent Advisor Alliance increased its stake in shares of Autodesk by 2.1% in the third quarter. Independent Advisor Alliance now owns 4,384 shares of the software company’s stock worth $907,000 after buying an additional 92 shares during the last quarter. Finally, Lindbrook Capital LLC raised its holdings in Autodesk by 11.4% in the third quarter. Lindbrook Capital LLC now owns 527 shares of the software company’s stock valued at $109,000 after acquiring an additional 54 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Performance

Shares of NASDAQ ADSK traded up $5.24 during midday trading on Friday, reaching $215.19. 1,197,081 shares of the company traded hands, compared to its average volume of 2,034,404. The company has a market cap of $46.37 billion, a price-to-earnings ratio of 51.11, a PEG ratio of 2.96 and a beta of 1.45. The stock has a 50-day moving average price of $243.24 and a 200 day moving average price of $235.68. Autodesk, Inc. has a 52 week low of $189.54 and a 52 week high of $279.53. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, topping 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 the consensus estimate of $1.43 billion. During the same quarter in the previous year, the business earned $1.26 EPS. The company’s quarterly revenue was up 11.5% compared to the same quarter last year. Sell-side analysts anticipate that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

ADSK has been the subject of several recent analyst reports. StockNews.com lowered shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Friday, April 26th. 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. Rosenblatt Securities upped their price target on Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, March 1st. BMO Capital Markets raised their price objective on Autodesk from $232.00 to $293.00 and gave the stock a “market perform” rating in a research note on Friday, March 1st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 target price on shares of Autodesk in a research note on Monday, April 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $274.67.

Insider Buying and Selling at Autodesk

In related news, CEO Andrew Anagnost sold 21,053 shares of the company’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the transaction, the chief executive officer now directly owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Andrew Anagnost sold 21,053 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the completion of the sale, the chief executive officer now directly owns 105,213 shares in the company, valued at $27,354,327.87. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Rebecca Pearce sold 1,628 shares of Autodesk stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $251.54, for a total value of $409,507.12. Following the sale, the executive vice president now owns 13,620 shares of the company’s stock, valued at $3,425,974.80. The disclosure for this sale can be found here. In the last three months, insiders sold 36,166 shares of company stock valued at $9,465,055. 0.14% of the stock is owned by insiders.

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.