Empirical Asset Management LLC Purchases Shares of 4,584 Autodesk, Inc. (NASDAQ:ADSK)

Empirical Asset Management LLC acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,584 shares of the software company's stock, valued at approximately $1,355,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Livelsberger Financial Advisory bought a new position in Autodesk in the 3rd quarter worth approximately $27,000. Concord Wealth Partners acquired a new position in shares of Autodesk during the third quarter valued at $28,000. Transcendent Capital Group LLC bought a new position in Autodesk in the third quarter valued at about $28,000. Central Pacific Bank Trust Division acquired a new stake in Autodesk in the fourth quarter worth about $37,000. Finally, Wolff Wiese Magana LLC raised its holdings 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 purchasing an additional 145 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Insiders Place Their Bets

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 transaction 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Robert W. Baird boosted 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. Macquarie initiated coverage on shares of Autodesk in a research report on Thursday, December 12th. They set an "outperform" rating and a $380.00 target price for the company. Barclays raised their price target on Autodesk from $310.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Mizuho upped their price objective on Autodesk from $260.00 to $280.00 and gave the company a "neutral" rating in a report on Wednesday, November 27th. Finally, Stifel Nicolaus raised their target price on Autodesk from $340.00 to $360.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Nine research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $326.05.

Autodesk Stock Up 0.5 %

Shares of Autodesk stock traded up $1.37 during trading hours on Friday, reaching $291.45. 1,466,123 shares of the company's stock were exchanged, compared to its average volume of 1,115,562. The stock has a market cap of $62.66 billion, a P/E ratio of 57.83, a P/E/G ratio of 3.36 and a beta of 1.42. The company has a 50 day moving average of $300.44 and a two-hundred day moving average of $275.39. 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 fifty-two week low of $195.32 and a fifty-two week high of $326.62.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating 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 during the quarter, compared to analysts' expectations of $1.56 billion. During the same period in the prior year, the firm posted $1.33 earnings per share. The business's quarterly revenue was up 11.0% compared to the same quarter last year. On average, sell-side analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Autodesk Company 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.