Sendero Wealth Management LLC Increases Stake in Autodesk, Inc. (NASDAQ:ADSK)

Sendero Wealth Management LLC raised its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 3.6% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 12,455 shares of the software company’s stock after buying an additional 429 shares during the period. Sendero Wealth Management LLC’s holdings in Autodesk were worth $3,681,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADSK. Livelsberger Financial Advisory purchased a new position in shares of Autodesk in the 3rd quarter valued at about $27,000. Concord Wealth Partners acquired a new stake in Autodesk in the third quarter valued at approximately $28,000. Transcendent Capital Group LLC purchased a new position in Autodesk in the third quarter worth approximately $28,000. Central Pacific Bank Trust Division acquired a new position in Autodesk during the 4th quarter worth approximately $37,000. Finally, Wolff Wiese Magana LLC increased its position in shares of Autodesk by 3,625.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock valued at $41,000 after purchasing an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Oppenheimer lifted their price objective on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Scotiabank initiated coverage on Autodesk in a report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price target for the company. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Hsbc Global Res cut Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Finally, DA Davidson assumed coverage on shares of Autodesk in a research note on Friday, September 27th. They issued a “neutral” rating and a $260.00 price target on the stock. Nine analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average target price of $326.05.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the transaction, the director now directly owns 30,249 shares of the company’s stock, valued at $9,227,759.94. This represents a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $290.94 on Thursday. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $62.55 billion, a PE ratio of 57.73, a P/E/G ratio of 3.62 and a beta of 1.42. The stock has a fifty day moving average price of $301.26 and a 200 day moving average price of $274.86. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter last year, the business earned $1.33 EPS. The business’s revenue was up 11.0% on a year-over-year basis. Sell-side analysts forecast 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.