Hantz Financial Services Inc. Has $6.99 Million Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Hantz Financial Services Inc. lessened its stake in Autodesk, Inc. (NASDAQ:ADSK) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,643 shares of the software company’s stock after selling 270 shares during the quarter. Hantz Financial Services Inc.’s holdings in Autodesk were worth $6,988,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Algert Global LLC bought a new position in Autodesk in the 2nd quarter worth approximately $579,000. Creative Planning raised its position in shares of Autodesk by 5.3% during the second quarter. Creative Planning now owns 37,659 shares of the software company’s stock worth $9,319,000 after acquiring an additional 1,900 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of Autodesk by 4.4% during the second quarter. NewEdge Advisors LLC now owns 14,023 shares of the software company’s stock valued at $3,470,000 after acquiring an additional 590 shares during the period. EP Wealth Advisors LLC boosted its holdings in Autodesk by 202.8% in the second quarter. EP Wealth Advisors LLC now owns 2,353 shares of the software company’s stock valued at $582,000 after acquiring an additional 1,576 shares during the last quarter. Finally, Advisory Alpha LLC increased its position in Autodesk by 23.7% in the second quarter. Advisory Alpha LLC now owns 1,911 shares of the software company’s stock worth $473,000 after purchasing an additional 366 shares during the period. 90.24% of the stock is owned by institutional investors.

Autodesk Price Performance

NASDAQ ADSK opened at $304.17 on Thursday. The firm’s 50 day moving average is $299.46 and its 200-day moving average is $278.36. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $65.40 billion, a PE ratio of 60.35, a price-to-earnings-growth ratio of 3.55 and a beta of 1.42. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the business earned $1.33 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. Equities research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insider Buying and Selling

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

Analyst Ratings Changes

A number of research analysts have issued reports on ADSK shares. KeyCorp raised their target price on shares of Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Hsbc Global Res cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Wells Fargo & Company upped their target price on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Finally, Macquarie initiated coverage on Autodesk in a report on Thursday, December 12th. They issued an “outperform” rating and a $380.00 price objective for the company. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus target price of $331.50.

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.