Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 3.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,028 shares of the software company’s stock after buying an additional 99 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in Autodesk were worth $895,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Federated Hermes Inc. increased its holdings in Autodesk by 1,473.8% in the 2nd quarter. Federated Hermes Inc. now owns 16,163 shares of the software company’s stock valued at $4,000,000 after purchasing an additional 15,136 shares during the last quarter. J.W. Cole Advisors Inc. purchased a new position in shares of Autodesk during the second quarter worth $220,000. Dimensional Fund Advisors LP grew its stake in shares of Autodesk by 23.1% in the second quarter. Dimensional Fund Advisors LP now owns 1,001,485 shares of the software company’s stock valued at $247,802,000 after buying an additional 188,140 shares in the last quarter. Citizens Financial Group Inc. RI raised its holdings in shares of Autodesk by 81.7% in the 2nd quarter. Citizens Financial Group Inc. RI now owns 1,748 shares of the software company’s stock valued at $433,000 after buying an additional 786 shares during the period. Finally, Edgestream Partners L.P. acquired a new position in Autodesk during the 2nd quarter worth about $1,554,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 1.4 %

NASDAQ ADSK opened at $290.94 on Thursday. The firm’s fifty day moving average price is $301.26 and its 200 day moving average price is $274.86. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market capitalization of $62.55 billion, a price-to-earnings ratio of 57.73, a price-to-earnings-growth ratio of 3.62 and a beta of 1.42.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the company posted $1.33 earnings per share. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ADSK has been the topic of a number of recent research reports. Rosenblatt Securities boosted their price target on shares of Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. KeyCorp increased their target price on shares of Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. UBS Group started coverage on shares of Autodesk in a research note on Monday, December 2nd. They issued a “buy” rating and a $350.00 price target for the company. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Finally, Wells Fargo & Company lifted their target price on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $326.05.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the transaction, the director now directly owns 30,249 shares of the company’s stock, valued at $9,227,759.94. The trade was a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is owned by company insiders.

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.