Lindbrook Capital LLC Has $179,000 Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Lindbrook Capital LLC lifted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 39.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 737 shares of the software company’s stock after acquiring an additional 210 shares during the quarter. Lindbrook Capital LLC’s holdings in Autodesk were worth $179,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Rakuten Securities Inc. acquired a new position in shares of Autodesk in the fourth quarter valued at approximately $28,000. Operose Advisors LLC acquired a new position in Autodesk in the 3rd quarter valued at approximately $35,000. AdvisorNet Financial Inc raised its stake in shares of Autodesk by 67.1% during the fourth quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock valued at $35,000 after acquiring an additional 57 shares during the last quarter. Newbridge Financial Services Group Inc. lifted its holdings in shares of Autodesk by 61.3% during the third quarter. Newbridge Financial Services Group Inc. now owns 179 shares of the software company’s stock worth $37,000 after purchasing an additional 68 shares during the period. Finally, VisionPoint Advisory Group LLC grew its stake in shares of Autodesk by 230.5% in the third quarter. VisionPoint Advisory Group LLC now owns 195 shares of the software company’s stock worth $40,000 after purchasing an additional 136 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Up 0.3 %

Shares of NASDAQ ADSK opened at $217.13 on Tuesday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. Autodesk, Inc. has a 1 year low of $188.38 and a 1 year high of $279.53. The stock has a market capitalization of $46.44 billion, a P/E ratio of 51.57, a P/E/G ratio of 2.98 and a beta of 1.43. The company has a 50-day moving average price of $250.96 and a 200-day moving average price of $235.48.

Autodesk (NASDAQ:ADSK) last released its quarterly 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. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. During the same quarter in the previous year, the business earned $1.26 EPS. The company’s quarterly revenue was up 11.5% on a year-over-year basis. On average, equities research analysts forecast that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

Analyst Ratings Changes

ADSK has been the topic of several recent research reports. Citigroup lifted their target price on Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a report on Monday, February 26th. BMO Capital Markets increased their target price on shares of Autodesk from $232.00 to $293.00 and gave the company a “market perform” rating in a research report on Friday, March 1st. KeyCorp raised their price target on shares of Autodesk from $275.00 to $320.00 and gave the stock an “overweight” rating in a report on Friday, March 1st. Rosenblatt Securities upped their price objective on shares of Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Finally, Piper Sandler lifted their target price on shares of Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research note on Friday, March 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average target price of $272.44.

Insider Transactions at Autodesk

In related news, CEO Andrew Anagnost sold 21,053 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the transaction, the chief executive officer now directly owns 105,213 shares in the company, valued at $27,354,327.87. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Andrew Anagnost sold 21,053 shares of Autodesk stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the sale, the chief executive officer now directly owns 105,213 shares in the company, valued at $27,354,327.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Deborah Clifford sold 5,553 shares of the business’s stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $260.01, for a total value of $1,443,835.53. Following the completion of the transaction, the chief financial officer now directly owns 32,259 shares in the company, valued at approximately $8,387,662.59. The disclosure for this sale can be found here. Insiders sold a total of 36,166 shares of company stock worth $9,465,055 in the last quarter. 0.14% of the stock is currently owned by corporate insiders.

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.