3,676 Shares in Autodesk, Inc. (NASDAQ:ADSK) Purchased by Elevate Capital Advisors LLC

Elevate Capital Advisors LLC bought a new stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 3,676 shares of the software company's stock, valued at approximately $1,087,000.

Several other hedge funds also recently modified their holdings of the stock. Jag Capital Management LLC purchased a new position in shares of Autodesk in the 3rd quarter worth approximately $13,861,000. LMR Partners LLP purchased a new position in Autodesk in the third quarter worth $12,643,000. Starboard Value LP bought a new position in Autodesk in the 3rd quarter valued at $510,189,000. China Universal Asset Management Co. Ltd. grew its stake in Autodesk by 196.2% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company's stock valued at $2,394,000 after purchasing an additional 5,365 shares during the period. Finally, Brookstone Capital Management raised its stake in shares of Autodesk by 1,058.9% during the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company's stock worth $8,659,000 after purchasing an additional 26,768 shares during the period. Hedge funds and other institutional investors own 90.24% of the company's stock.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the sale, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Trading Up 2.1 %

Shares of 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 company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company's fifty day moving average price is $299.58 and its two-hundred day moving average price is $282.74. The stock has a market cap of $65.25 billion, a PE ratio of 60.21, a P/E/G ratio of 3.17 and a beta of 1.43.

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

Analysts Set New Price Targets

Several equities analysts recently weighed in on ADSK shares. BMO Capital Markets increased their price target on shares of Autodesk from $287.00 to $308.00 and gave the company a "market perform" rating in a research report on Wednesday, November 27th. KeyCorp increased their target price on shares of Autodesk from $325.00 to $330.00 and gave the company an "overweight" rating in a research report on Wednesday, November 20th. Wells Fargo & Company lifted their price target on shares of Autodesk from $340.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Oppenheimer increased their price objective on Autodesk from $300.00 to $350.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. Finally, HSBC lowered Autodesk from a "buy" rating to a "hold" rating and set a $290.00 target price on the stock. in a research note on Friday, November 29th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $333.77.

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.