Hennion & Walsh Asset Management Inc. Grows Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Hennion & Walsh Asset Management Inc. lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 0.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,208 shares of the software company’s stock after acquiring an additional 66 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Autodesk were worth $3,608,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Livelsberger Financial Advisory purchased a new stake in Autodesk in the third quarter valued at $27,000. Concord Wealth Partners acquired a new position in shares of Autodesk in the 3rd quarter valued at about $28,000. Transcendent Capital Group LLC purchased a new stake in shares of Autodesk in the third quarter worth about $28,000. Central Pacific Bank Trust Division acquired a new stake in Autodesk during the fourth quarter worth about $37,000. Finally, Wolff Wiese Magana LLC raised its position in Autodesk by 3,625.0% during the third quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock valued at $41,000 after acquiring an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

ADSK has been the topic of several recent research reports. Stifel Nicolaus upped their price objective on Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and raised their price target for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Wells Fargo & Company upped their price objective on shares of Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, Morgan Stanley increased their target price on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Nine research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $326.05.

Autodesk Trading Down 0.3 %

Shares of ADSK stock opened at $290.08 on Friday. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The stock’s fifty day moving average is $301.03 and its two-hundred day moving average is $274.97. The firm has a market capitalization of $62.37 billion, a P/E ratio of 57.56, a PEG ratio of 3.36 and a beta of 1.42.

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

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares in the company, valued at $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.14% of the company’s stock.

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.