BSW Wealth Partners Has $505,000 Holdings in Autodesk, Inc. (NASDAQ:ADSK)

BSW Wealth Partners lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 9.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,710 shares of the software company’s stock after buying an additional 153 shares during the quarter. BSW Wealth Partners’ holdings in Autodesk were worth $505,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Marshall Financial Group LLC raised its position in shares of Autodesk by 0.8% during the 3rd quarter. Marshall Financial Group LLC now owns 4,491 shares of the software company’s stock valued at $1,237,000 after acquiring an additional 35 shares during the last quarter. Mount Yale Investment Advisors LLC grew its stake in shares of Autodesk by 1.9% during the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock worth $551,000 after purchasing an additional 35 shares during the period. Grove Bank & Trust grew its stake in shares of Autodesk by 9.2% during the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock worth $130,000 after purchasing an additional 37 shares during the period. Thurston Springer Miller Herd & Titak Inc. increased its holdings in Autodesk by 11.9% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock valued at $106,000 after purchasing an additional 38 shares during the last quarter. Finally, Avitas Wealth Management LLC lifted its stake in Autodesk by 0.8% in the third quarter. Avitas Wealth Management LLC now owns 5,577 shares of the software company’s stock valued at $1,536,000 after buying an additional 42 shares during the period. 90.24% of the stock is owned by institutional investors.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the sale, the director now owns 30,249 shares in the company, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ADSK has been the subject of a number of recent analyst reports. Macquarie began coverage on Autodesk in a research note on Thursday, December 12th. They issued an “outperform” rating and a $380.00 price target for the company. Morgan Stanley upped their target price on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Citigroup upped their price objective on shares of Autodesk from $358.00 to $361.00 and gave the company a “buy” rating in a research report on Friday, November 29th. Finally, Wells Fargo & Company lifted their target price on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $331.50.

Autodesk Stock Performance

Shares of ADSK stock opened at $304.17 on Thursday. The company has a fifty day moving average price of $299.46 and a two-hundred day moving average price of $278.36. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The stock has a market cap of $65.40 billion, a P/E ratio of 60.35, a P/E/G ratio of 3.55 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 (NASDAQ:ADSK) last issued its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.05. The business had revenue of $1.57 billion during 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%. Autodesk’s revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $1.33 EPS. As a group, equities analysts predict that Autodesk, Inc. will post 5.76 EPS for the current 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.