Jacobs & Co. CA Sells 46 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Jacobs & Co. CA lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,260 shares of the software company’s stock after selling 46 shares during the quarter. Jacobs & Co. CA’s holdings in Autodesk were worth $550,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. First Manhattan Co. grew its holdings in Autodesk by 342.9% during the 1st quarter. First Manhattan Co. now owns 155 shares of the software company’s stock valued at $33,000 after buying an additional 120 shares in the last quarter. Operose Advisors LLC purchased a new position in Autodesk during the 3rd quarter valued at approximately $35,000. Carolinas Wealth Consulting LLC grew its holdings in Autodesk by 140.6% during the 1st quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the software company’s stock valued at $35,000 after buying an additional 97 shares in the last quarter. Worth Asset Management LLC purchased a new position in Autodesk during the 1st quarter valued at approximately $36,000. Finally, Newbridge Financial Services Group Inc. grew its holdings in Autodesk by 61.3% during the 3rd quarter. Newbridge Financial Services Group Inc. now owns 179 shares of the software company’s stock valued at $37,000 after buying an additional 68 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $240.28, for a total transaction of $132,154.00. Following the transaction, the director now owns 41,816 shares in the company, valued at $10,047,548.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Autodesk news, EVP Rebecca Pearce sold 1,628 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $251.54, for a total transaction of $409,507.12. Following the completion of the sale, the executive vice president now owns 13,620 shares of the company’s stock, valued at $3,425,974.80. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $240.28, for a total value of $132,154.00. Following the sale, the director now directly owns 41,816 shares of the company’s stock, valued at approximately $10,047,548.48. The disclosure for this sale can be found here. Insiders sold 18,332 shares of company stock valued at $4,671,607 over the last quarter. 0.14% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on ADSK shares. Berenberg Bank raised their price target on Autodesk from $228.50 to $255.00 in a report on Monday, December 11th. Bank Of America (Bofa) boosted their price objective on Autodesk from $235.00 to $240.00 in a report on Monday, December 11th. Piper Sandler Companies boosted their price objective on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, March 1st. TheStreet upgraded Autodesk from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Finally, Mizuho boosted their price objective on Autodesk from $220.00 to $270.00 and gave the company a “neutral” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $270.78.

Autodesk Stock Performance

NASDAQ ADSK opened at $260.97 on Thursday. The stock has a market capitalization of $55.82 billion, a price-to-earnings ratio of 61.99, a PEG ratio of 3.60 and a beta of 1.43. Autodesk, Inc. has a twelve month low of $188.38 and a twelve month high of $279.53. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23. The stock has a 50-day moving average of $256.36 and a 200 day moving average of $231.31.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the firm posted $1.26 EPS. Autodesk’s quarterly revenue was up 11.5% compared to the same quarter last year. Sell-side analysts anticipate that Autodesk, Inc. will post 5.37 EPS for the current fiscal year.

Autodesk 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.