Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Sendero Wealth Management LLC

Sendero Wealth Management LLC raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 3.6% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 12,455 shares of the software company’s stock after purchasing an additional 429 shares during the period. Sendero Wealth Management LLC’s holdings in Autodesk were worth $3,681,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of Autodesk by 11.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock worth $106,000 after purchasing an additional 38 shares in the last quarter. Park Avenue Securities LLC increased its position in Autodesk by 56.4% during the fourth quarter. Park Avenue Securities LLC now owns 4,120 shares of the software company’s stock worth $1,218,000 after buying an additional 1,486 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its holdings in shares of Autodesk by 3.4% in the fourth quarter. Fifth Third Wealth Advisors LLC now owns 3,028 shares of the software company’s stock worth $895,000 after acquiring an additional 99 shares during the last quarter. Marcum Wealth LLC lifted its position in shares of Autodesk by 6.2% in the fourth quarter. Marcum Wealth LLC now owns 1,324 shares of the software company’s stock valued at $391,000 after acquiring an additional 77 shares in the last quarter. Finally, Miracle Mile Advisors LLC boosted its stake in shares of Autodesk by 34.3% during the fourth quarter. Miracle Mile Advisors LLC now owns 3,652 shares of the software company’s stock valued at $1,079,000 after acquiring an additional 933 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $290.94 on Thursday. The business has a 50-day moving average of $301.26 and a 200-day moving average of $274.86. The company has a market capitalization of $62.55 billion, a price-to-earnings ratio of 57.73, a PEG ratio of 3.62 and a beta of 1.42. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on ADSK shares. Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. KeyCorp upped their price objective on shares of Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Citigroup lifted their target price on shares of Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $311.00 to $357.00 in a research note on Wednesday, January 8th. Finally, Stifel Nicolaus lifted their price objective on Autodesk from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $326.05.

Insiders Place Their Bets

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the sale, the director now directly owns 30,249 shares in the company, valued at $9,227,759.94. The trade was a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently 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.