Hickory Asset Management Inc. Purchases Shares of 2,037 Autodesk, Inc. (NASDAQ:ADSK)

Hickory Asset Management Inc. purchased a new position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,037 shares of the software company's stock, valued at approximately $602,000.

Several other large investors have also modified their holdings of the stock. State Street Corp boosted its holdings in Autodesk by 3.0% in the third quarter. State Street Corp now owns 9,808,476 shares of the software company's stock valued at $2,702,028,000 after acquiring an additional 288,931 shares during the last quarter. FMR LLC raised its position in Autodesk by 0.8% in the third quarter. FMR LLC now owns 5,653,602 shares of the software company's stock valued at $1,557,454,000 after purchasing an additional 46,069 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Autodesk by 2.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company's stock valued at $657,292,000 after buying an additional 61,785 shares in the last quarter. Principal Financial Group Inc. lifted its position in Autodesk by 12.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company's stock worth $603,947,000 after acquiring an additional 245,816 shares in the last quarter. Finally, Starboard Value LP purchased a new position in Autodesk in the 3rd quarter worth approximately $510,189,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Price Performance

Autodesk stock traded up $3.40 during mid-day trading on Wednesday, hitting $299.06. 1,601,265 shares of the company were exchanged, compared to its average volume of 1,367,789. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. 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 business has a fifty day moving average of $298.99 and a 200 day moving average of $284.82. The company has a market capitalization of $64.30 billion, a PE ratio of 59.34, a price-to-earnings-growth ratio of 3.12 and a beta of 1.43.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Scotiabank started coverage on shares of Autodesk in a research report on Monday, November 18th. They set a "sector outperform" rating and a $360.00 target price on the stock. UBS Group started coverage on shares of Autodesk in a research report on Monday, December 2nd. They issued a "buy" rating and a $350.00 target price for the company. Morgan Stanley increased their price target on shares of Autodesk from $320.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Wells Fargo & Company boosted their price objective on Autodesk from $340.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Finally, Robert W. Baird increased their target price on Autodesk from $330.00 to $345.00 and gave the stock an "outperform" rating in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $334.45.

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.