Everpar Advisors LLC Makes New $990,000 Investment in Autodesk, Inc. (NASDAQ:ADSK)

Everpar Advisors LLC bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,065 shares of the software company’s stock, valued at approximately $990,000.

Other large investors have also modified their holdings of the company. Commonwealth Equity Services LLC lifted 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 worth $5,478,000 after acquiring an additional 2,092 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted 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 purchasing an additional 314 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in shares of Autodesk by 19.4% in the third quarter. Stratos Wealth Partners LTD. now owns 1,448 shares of the software company’s stock valued at $300,000 after purchasing an additional 235 shares during the period. Lindbrook Capital LLC grew its holdings in shares of 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 purchasing an additional 54 shares in the last quarter. Finally, Verdence Capital Advisors LLC grew its holdings in shares of Autodesk by 8.1% in the third quarter. Verdence Capital Advisors LLC now owns 3,583 shares of the software company’s stock valued at $741,000 after purchasing an additional 268 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Performance

NASDAQ:ADSK traded down $0.67 during mid-day trading on Wednesday, reaching $213.95. 1,132,262 shares of the stock were exchanged, compared to its average volume of 1,470,086. 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 1 year low of $190.95 and a 1 year high of $279.53. The company has a 50 day simple moving average of $241.58 and a 200-day simple moving average of $235.84. The stock has a market capitalization of $46.10 billion, a P/E ratio of 50.82, a P/E/G ratio of 2.96 and a beta of 1.45.

Autodesk (NASDAQ:ADSK) last released 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. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The firm had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the prior year, the firm earned $1.26 EPS. Autodesk’s revenue for the quarter was up 11.5% on a year-over-year basis. Analysts anticipate that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Insider Buying and Selling at Autodesk

In other Autodesk 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 value of $5,473,569.47. Following the sale, the chief executive officer now owns 105,213 shares of the company’s stock, valued at $27,354,327.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Mary T. Mcdowell sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $275.00, for a total value of $1,375,000.00. Following the completion of the transaction, the director now owns 33,766 shares of the company’s stock, valued at $9,285,650. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Andrew Anagnost sold 21,053 shares of the firm’s stock in a transaction on Wednesday, March 27th. The stock was 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 owns 105,213 shares in the company, valued at approximately $27,354,327.87. The disclosure for this sale can be found here. Over the last quarter, insiders sold 36,166 shares of company stock valued at $9,465,055. 0.14% of the stock is owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on the company. Rosenblatt Securities increased their price objective on Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Stifel Nicolaus reissued a “buy” rating and set a $316.00 price objective on shares of Autodesk in a research report on Friday, April 12th. The Goldman Sachs Group lifted their price target on shares of Autodesk from $180.00 to $230.00 and gave the stock a “sell” rating in a research note on Friday, March 1st. Citigroup increased their price objective on shares of Autodesk from $276.00 to $307.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Finally, StockNews.com cut shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $274.67.

About Autodesk

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.