HB Wealth Management LLC Has $469,000 Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Posted by Defense World Staff on Jun 27th, 2023

HB Wealth Management LLC grew its holdings in Autodesk, Inc. (NASDAQ:ADSK – Get Rating) by 11.8% during the first quarter, Holdings Channel.com reports. The firm owned 2,251 shares of the software company’s stock after buying an additional 237 shares during the period. HB Wealth Management LLC’s holdings in Autodesk were worth $469,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC boosted its position in Autodesk by 88.6% during the first quarter. Allspring Global Investments Holdings LLC now owns 243,882 shares of the software company’s stock valued at $50,766,000 after purchasing an additional 114,574 shares during the last quarter. National Bank of Canada FI increased its holdings in Autodesk by 13.1% in the first quarter. National Bank of Canada FI now owns 49,372 shares of the software company’s stock worth $10,263,000 after buying an additional 5,703 shares during the last quarter. Exchange Traded Concepts LLC raised its position in Autodesk by 8.2% during the first quarter. Exchange Traded Concepts LLC now owns 143,660 shares of the software company’s stock valued at $29,904,000 after acquiring an additional 10,892 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in Autodesk by 43.0% in the first quarter. Vontobel Holding Ltd. now owns 45,824 shares of the software company’s stock valued at $9,539,000 after acquiring an additional 13,783 shares during the last quarter. Finally, Armstrong Henry H Associates Inc. raised its holdings in shares of Autodesk by 4.3% during the 1st quarter. Armstrong Henry H Associates Inc. now owns 5,315 shares of the software company’s stock valued at $1,106,000 after purchasing an additional 220 shares in the last quarter. 86.93% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Autodesk

In other news, Director Betsy Rafael sold 309 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $194.79, for a total value of $60,190.11. Following the sale, the director now owns 4,197 shares of the company’s stock, valued at approximately $817,533.63. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Over the last three months, insiders sold 686 shares of company stock valued at $137,509. 0.14% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ADSK. Stifel Nicolaus decreased their price objective on shares of Autodesk from $245.00 to $240.00 in a report on Friday, May 19th. JPMorgan Chase & Co. reduced their target price on Autodesk from $203.00 to $175.00 and set a “neutral” rating for the company in a report on Monday, February 27th. BMO Capital Markets began coverage on Autodesk in a report on Wednesday, May 24th. They set a “market perform” rating and a $224.00 price target on the stock. Bank of America boosted their price objective on shares of Autodesk from $225.00 to $240.00 and gave the stock a “neutral” rating in a research note on Monday, February 27th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $235.00 target price on shares of Autodesk in a research note on Thursday, April 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $231.84.

Autodesk Price Performance

NASDAQ:ADSK opened at $200.78 on Tuesday. The company has a debt-to-equity ratio of 2.54, a quick ratio of 0.72 and a current ratio of 0.72. The company has a 50-day moving average of $200.07 and a 200-day moving average of $201.52. Autodesk, Inc. has a 52 week low of $166.94 and a 52 week high of $235.01. The company has a market capitalization of $42.91 billion, a price-to-earnings ratio of 52.02, a PEG ratio of 1.83 and a beta of 1.53.

Autodesk (NASDAQ:ADSK – Get Rating) last announced its quarterly earnings results on Thursday, May 25th. The software company reported $1.55 EPS for the quarter, hitting analysts’ consensus estimates of $1.55. The firm had revenue of $1.27 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Autodesk had a net margin of 16.42% and a return on equity of 100.54%. The company’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.87 earnings per share. As a group, equities research analysts anticipate that Autodesk, Inc. will post 4.54 earnings per share for the current fiscal year.

Autodesk Company Profile

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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.

HB Wealth Management LLC Has $469,000 Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Insider Buying and Selling at Autodesk

Wall Street Analyst Weigh In

Autodesk Price Performance

Autodesk Company Profile

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