17 Capital Partners LLC Increases Stake in Autodesk, Inc. (NASDAQ:ADSK)

17 Capital Partners LLC lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 81.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,250 shares of the software company's stock after acquiring an additional 1,460 shares during the period. 17 Capital Partners LLC's holdings in Autodesk were worth $961,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ADSK. Golden State Wealth Management LLC bought a new stake in Autodesk in the 4th quarter valued at about $25,000. Livelsberger Financial Advisory acquired a new stake in shares of Autodesk during the third quarter worth $27,000. Transcendent Capital Group LLC purchased a new stake in Autodesk during the third quarter valued at about $28,000. Concord Wealth Partners acquired a new position in Autodesk in the 3rd quarter worth approximately $28,000. Finally, Central Pacific Bank Trust Division acquired a new position in Autodesk during the fourth quarter valued at $37,000. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Stock Down 0.8 %

NASDAQ ADSK traded down $2.44 during trading hours on Wednesday, reaching $297.28. 1,399,959 shares of the company's stock traded hands, compared to its average volume of 1,328,912. The firm has a market cap of $63.92 billion, a PE ratio of 58.98, a PEG ratio of 3.17 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The firm has a 50-day simple moving average of $299.71 and a 200 day simple moving average of $282.64.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $0.05. The company had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. Autodesk's revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.33 EPS. Sell-side analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ADSK shares. Barclays lifted their price target on Autodesk from $310.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Scotiabank started coverage on Autodesk in a research report on Monday, November 18th. They issued a "sector outperform" rating and a $360.00 price objective for the company. BMO Capital Markets raised their price objective on Autodesk from $287.00 to $308.00 and gave the stock a "market perform" rating in a research report on Wednesday, November 27th. Bank of America increased their price target on shares of Autodesk from $325.00 to $335.00 and gave the stock a "neutral" rating in a research report on Tuesday, February 4th. Finally, Mizuho upgraded shares of Autodesk from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $333.77.

Insider Activity at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business's stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the sale, the director now owns 30,249 shares in the company, valued at $9,227,759.94. The trade was a 1.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by company insiders.

Autodesk 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.