Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 10.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,906 shares of the software company's stock after buying an additional 832 shares during the period. Apollon Wealth Management LLC's holdings in Autodesk were worth $2,632,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Insiders Place Their Bets

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

Autodesk Stock Up 2.1 %

NASDAQ:ADSK traded up $6.20 during mid-day trading on Thursday, reaching $303.48. The company's stock had a trading volume of 1,288,008 shares, compared to its average volume of 1,327,507. The firm has a market capitalization of $65.25 billion, a PE ratio of 60.21, a price-to-earnings-growth ratio of 3.17 and a beta of 1.43. 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 stock has a fifty day moving average of $299.58 and a 200-day moving average of $282.74. Autodesk, Inc. has a 1 year low of $195.32 and a 1 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 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The firm's revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 earnings per share. Equities research analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analyst Ratings Changes

ADSK has been the topic of several research reports. Scotiabank initiated coverage on shares of Autodesk in a research report on Monday, November 18th. They issued a "sector outperform" rating and a $360.00 price target on the stock. Hsbc Global Res cut shares of Autodesk from a "strong-buy" rating to a "hold" rating in a research report on Friday, November 29th. Rosenblatt Securities boosted their price target 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. Oppenheimer boosted their price target on shares of Autodesk from $300.00 to $350.00 and gave the stock an "outperform" rating in a research report on Friday, November 22nd. Finally, Macquarie assumed coverage on shares of Autodesk in a research report on Thursday, December 12th. They set an "outperform" rating and a $380.00 price objective on the stock. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $333.77.

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.