6,471 Shares in Autodesk, Inc. (NASDAQ:ADSK) Purchased by Unique Wealth Strategies LLC

Unique Wealth Strategies LLC purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 6,471 shares of the software company’s stock, valued at approximately $1,576,000. Autodesk accounts for about 1.1% of Unique Wealth Strategies LLC’s holdings, making the stock its 21st largest position.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ADSK. Czech National Bank boosted its stake in Autodesk by 47.3% in the third quarter. Czech National Bank now owns 37,354 shares of the software company’s stock valued at $7,729,000 after acquiring an additional 12,002 shares in the last quarter. Connecticut Wealth Management LLC boosted its stake in shares of Autodesk by 25.5% during the third quarter. Connecticut Wealth Management LLC now owns 1,355 shares of the software company’s stock valued at $280,000 after acquiring an additional 275 shares during the last quarter. Slow Capital Inc. increased its stake in Autodesk by 0.5% in the third quarter. Slow Capital Inc. now owns 14,277 shares of the software company’s stock valued at $2,954,000 after purchasing an additional 70 shares during the last quarter. Valeo Financial Advisors LLC purchased a new position in Autodesk during the third quarter worth approximately $224,000. Finally, Highview Capital Management LLC DE acquired a new position in shares of Autodesk in the 3rd quarter valued at about $699,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 0.7 %

Shares of ADSK stock traded up $1.53 during trading on Friday, reaching $217.93. The company’s stock had a trading volume of 1,277,888 shares, compared to its average volume of 1,925,797. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23. Autodesk, Inc. has a one year low of $188.38 and a one year high of $279.53. The business has a fifty day moving average price of $247.53 and a 200-day moving average price of $235.31. The company has a market cap of $46.62 billion, a price-to-earnings ratio of 51.76, a price-to-earnings-growth ratio of 2.97 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.95 by $0.14. The firm had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.26 earnings per share. Analysts anticipate that Autodesk, Inc. will post 5.38 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on ADSK. TheStreet upgraded Autodesk from a “c+” rating to a “b-” rating in a report on Friday, December 29th. KeyCorp raised their price target on Autodesk from $275.00 to $320.00 and gave the company an “overweight” rating in a report on Friday, March 1st. Rosenblatt Securities upped their price target on shares of Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a report on Friday, March 1st. Stifel Nicolaus reissued a “buy” rating and issued a $316.00 price target on shares of Autodesk in a research note on Friday, April 12th. Finally, Mizuho boosted their price objective on shares of Autodesk from $220.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $272.44.

Insider Activity at Autodesk

In other news, CAO Stephen W. Hope sold 1,757 shares of the firm’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the completion of the sale, the chief accounting officer now owns 3,450 shares in the company, valued at approximately $898,621.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of the stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following 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 document filed with the SEC, which is accessible through the SEC website. Also, EVP Rebecca Pearce sold 1,628 shares of the business’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $251.54, for a total value of $409,507.12. Following the completion of 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 quarter, insiders have sold 36,166 shares of company stock worth $9,465,055. Company insiders own 0.14% of the company’s stock.

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.