Lecap Asset Management Ltd. purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 958 shares of the software company's stock, valued at approximately $283,000.
A number of other hedge funds also recently made changes to their positions in ADSK. Livelsberger Financial Advisory acquired a new position in shares of Autodesk during the 3rd quarter valued at $27,000. Concord Wealth Partners acquired a new position in shares of Autodesk during the 3rd quarter valued at $28,000. Transcendent Capital Group LLC acquired a new position in shares of Autodesk during the 3rd quarter valued at $28,000. Central Pacific Bank Trust Division purchased a new stake in Autodesk during the 4th quarter worth $37,000. Finally, Wolff Wiese Magana LLC increased its stake in Autodesk by 3,625.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company's stock worth $41,000 after buying an additional 145 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently issued reports on ADSK. Scotiabank began coverage on shares of Autodesk in a research note on Monday, November 18th. They set a "sector outperform" rating and a $360.00 price target on the stock. Robert W. Baird lifted their price target on shares of Autodesk from $305.00 to $330.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. Rosenblatt Securities boosted their target price on shares of Autodesk from $295.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. HSBC lowered shares of Autodesk from a "buy" rating to a "hold" rating and set a $290.00 price target for the company. in a report on Friday, November 29th. Finally, Wells Fargo & Company lifted their price target on shares of Autodesk from $340.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $333.77.
Read Our Latest Report on Autodesk
Autodesk Stock Performance
NASDAQ:ADSK traded down $2.44 on Wednesday, hitting $297.28. The company's stock had a trading volume of 1,399,959 shares, compared to its average volume of 1,328,912. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a fifty day moving average of $299.71 and a two-hundred day moving average of $282.64. The firm has a market capitalization of $63.92 billion, a P/E ratio of 58.98, a price-to-earnings-growth ratio of 3.17 and a beta of 1.43. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62.
Autodesk (NASDAQ:ADSK - Get Free Report) last announced its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share 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 analyst estimates of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.33 earnings per share. Research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.
Insider Activity
In related news, Director Mary T. Mcdowell sold 550 shares of the business's stock in a transaction 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. The trade was a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.14% of the company's stock.
Autodesk Profile
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Free Report)
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.
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