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

Sendero Wealth Management LLC increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 12,026 shares of the software company’s stock after purchasing an additional 321 shares during the period. Sendero Wealth Management LLC’s holdings in Autodesk were worth $3,313,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Cresset Asset Management LLC lifted its stake in Autodesk by 6.4% in the fourth quarter. Cresset Asset Management LLC now owns 37,416 shares of the software company’s stock worth $9,110,000 after acquiring an additional 2,250 shares during the last quarter. LM Advisors LLC purchased a new position in Autodesk in the fourth quarter valued at $394,000. Pitcairn Co. raised its stake in Autodesk by 8.6% in the fourth quarter. Pitcairn Co. now owns 16,231 shares of the software company’s stock valued at $3,952,000 after buying an additional 1,291 shares in the last quarter. Profund Advisors LLC boosted its position in shares of Autodesk by 22.4% during the 4th quarter. Profund Advisors LLC now owns 20,930 shares of the software company’s stock worth $5,096,000 after acquiring an additional 3,836 shares in the last quarter. Finally, Sanibel Captiva Trust Company Inc. purchased a new position in shares of Autodesk in the 4th quarter valued at about $11,440,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insiders Place Their Bets

In other Autodesk news, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the sale, the chief operating officer now directly owns 17,099 shares of the company’s stock, valued at approximately $4,616,730. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Autodesk news, COO Steven M. Blum sold 17,344 shares of Autodesk stock in a transaction dated Friday, August 30th. The stock was sold at an average price of $270.00, for a total value of $4,682,880.00. Following the completion of the sale, the chief operating officer now owns 17,099 shares in the company, valued at $4,616,730. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $248.18, for a total transaction of $136,499.00. Following the transaction, the director now owns 31,899 shares in the company, valued at approximately $7,916,693.82. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 19,280 shares of company stock valued at $5,183,340 in the last ninety days. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ADSK shares. KeyCorp reaffirmed an “overweight” rating and issued a $305.00 price target on shares of Autodesk in a report on Monday, August 26th. HSBC upgraded shares of Autodesk from a “hold” rating to a “buy” rating and lifted their price target for the stock from $242.00 to $299.00 in a research note on Tuesday, September 3rd. Mizuho raised their price objective on Autodesk from $230.00 to $260.00 and gave the stock a “neutral” rating in a report on Friday, August 30th. Citigroup lifted their target price on Autodesk from $316.00 to $325.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. Finally, Hsbc Global Res raised Autodesk to a “strong-buy” rating in a research report on Tuesday, September 3rd. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $290.47.

Autodesk Price Performance

Shares of Autodesk stock traded down $0.34 during trading on Thursday, hitting $276.54. 269,320 shares of the company were exchanged, compared to its average volume of 1,610,563. Autodesk, Inc. has a fifty-two week low of $192.01 and a fifty-two week high of $279.53. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average price of $256.93 and a 200 day moving average price of $240.75. The stock has a market capitalization of $59.60 billion, a price-to-earnings ratio of 59.93, a P/E/G ratio of 3.41 and a beta of 1.48.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, August 29th. The software company reported $2.15 earnings per share for the quarter, topping analysts’ consensus estimates of $2.00 by $0.15. The company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.12 earnings per share. On average, equities analysts expect that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

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.