Bernardo Wealth Planning LLC Buys Shares of 1,317 Autodesk, Inc. (ADSK)

Bernardo Wealth Planning LLC bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,317 shares of the software company’s stock, valued at approximately $205,000.

Other large investors have also recently bought and sold shares of the company. Harfst & Associates Inc. raised its holdings in shares of Autodesk by 3.5% in the first quarter. Harfst & Associates Inc. now owns 1,769 shares of the software company’s stock worth $275,000 after buying an additional 60 shares during the last quarter. L & S Advisors Inc raised its holdings in shares of Autodesk by 1.3% in the fourth quarter. L & S Advisors Inc now owns 5,577 shares of the software company’s stock worth $717,000 after buying an additional 70 shares during the last quarter. Commonwealth Bank of Australia raised its holdings in shares of Autodesk by 3.5% in the fourth quarter. Commonwealth Bank of Australia now owns 2,148 shares of the software company’s stock worth $274,000 after buying an additional 72 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Autodesk by 4.6% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 1,830 shares of the software company’s stock worth $235,000 after buying an additional 81 shares during the last quarter. Finally, Mosaic Family Wealth LLC raised its holdings in shares of Autodesk by 27.7% in the fourth quarter. Mosaic Family Wealth LLC now owns 373 shares of the software company’s stock worth $48,000 after buying an additional 81 shares during the last quarter. 95.60% of the stock is owned by institutional investors.

A number of research analysts have issued reports on ADSK shares. TheStreet raised shares of Autodesk from a “d” rating to a “c” rating in a report on Thursday, February 28th. BidaskClub cut shares of Autodesk from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 9th. Argus raised their price target on shares of Autodesk to $184.00 and gave the stock an “average” rating in a report on Tuesday, March 5th. They noted that the move was a valuation call. Credit Suisse Group raised their price target on shares of Autodesk from $175.00 to $188.00 and gave the stock an “outperform” rating in a report on Tuesday, March 26th. Finally, Deutsche Bank raised their price target on shares of Autodesk to $180.00 and gave the stock a “buy” rating in a report on Thursday, February 21st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Autodesk has a consensus rating of “Buy” and an average target price of $173.49.

Shares of Autodesk stock opened at $174.33 on Monday. Autodesk, Inc. has a 1 year low of $117.72 and a 1 year high of $178.95. The firm has a market cap of $38.38 billion, a P/E ratio of 1,584.82, a price-to-earnings-growth ratio of 2.60 and a beta of 1.95.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, February 28th. The software company reported $0.20 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.02. The business had revenue of $737.30 million for the quarter, compared to analysts’ expectations of $707.09 million. During the same period last year, the business earned ($0.09) EPS. As a group, analysts forecast that Autodesk, Inc. will post 1.76 EPS for the current year.

In related news, Director Crawford W. Beveridge sold 1,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $152.90, for a total transaction of $152,900.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Andrew Anagnost sold 10,440 shares of the firm’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $153.21, for a total transaction of $1,599,512.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 58,577 shares of company stock valued at $9,509,716. 0.12% of the stock is currently owned by corporate insiders.

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About Autodesk

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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