Unique Wealth Strategies LLC Makes New $1.58 Million Investment in Autodesk, Inc. (NASDAQ:ADSK)

Unique Wealth Strategies LLC bought a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,471 shares of the software company’s stock, valued at approximately $1,576,000. Autodesk makes up 1.1% of Unique Wealth Strategies LLC’s portfolio, making the stock its 21st biggest holding.

A number of other large investors have also bought and sold shares of ADSK. Bfsg LLC acquired a new position in shares of Autodesk during the fourth quarter worth approximately $27,000. Rakuten Securities Inc. acquired a new position in shares of Autodesk during the fourth quarter valued at $28,000. Operose Advisors LLC bought a new position in Autodesk in the third quarter valued at about $35,000. AdvisorNet Financial Inc increased its position in Autodesk by 67.1% in the fourth quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock worth $35,000 after purchasing an additional 57 shares during the period. Finally, VisionPoint Advisory Group LLC lifted its position in Autodesk by 230.5% during the 3rd quarter. VisionPoint Advisory Group LLC now owns 195 shares of the software company’s stock valued at $40,000 after purchasing an additional 136 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Rebecca Pearce sold 1,628 shares of Autodesk stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $251.54, for a total value of $409,507.12. Following the completion of the transaction, the executive vice president now owns 13,620 shares of the company’s stock, valued at approximately $3,425,974.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Autodesk news, Director Mary T. Mcdowell sold 5,000 shares of Autodesk stock in a transaction on Friday, March 1st. The shares were sold at an average price of $275.00, for a total transaction of $1,375,000.00. Following the completion of the transaction, the director now directly owns 33,766 shares of the company’s stock, valued at $9,285,650. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Rebecca Pearce sold 1,628 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $251.54, for a total transaction of $409,507.12. Following the completion of the transaction, the executive vice president now directly owns 13,620 shares in the company, valued at $3,425,974.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 36,166 shares of company stock worth $9,465,055. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on ADSK shares. Rosenblatt Securities boosted their price target on shares of Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $320.00 target price on shares of Autodesk in a research report on Monday, April 1st. Piper Sandler Companies raised their price target on Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Mizuho increased their target price on Autodesk from $220.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. Finally, Oppenheimer boosted their target price on Autodesk from $265.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $272.44.

Autodesk Stock Up 0.7 %

Autodesk stock traded up $1.53 during mid-day trading on Friday, reaching $217.93. The company’s stock had a trading volume of 1,277,888 shares, compared to its average volume of 1,925,797. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82. Autodesk, Inc. has a 12 month low of $188.38 and a 12 month high of $279.53. The business’s 50 day simple moving average is $247.53 and its 200 day simple moving average is $235.31. The company has a market capitalization of $46.62 billion, a price-to-earnings ratio of 51.76, a price-to-earnings-growth ratio of 2.97 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. Autodesk’s quarterly revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.26 earnings per share. As a group, research analysts anticipate that Autodesk, Inc. will post 5.38 earnings per share for the current year.

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.