InTrack Investment Management Inc Purchases 1,194 Shares of Autodesk, Inc. (NASDAQ:ADSK)

InTrack Investment Management Inc raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 52.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,458 shares of the software company's stock after acquiring an additional 1,194 shares during the quarter. InTrack Investment Management Inc's holdings in Autodesk were worth $992,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADSK. Livelsberger Financial Advisory purchased a new stake in shares of Autodesk in the 3rd quarter valued at about $27,000. Transcendent Capital Group LLC bought a new stake in Autodesk during the third quarter valued at approximately $28,000. Concord Wealth Partners bought a new stake in shares of Autodesk during the 3rd quarter worth $28,000. Central Pacific Bank Trust Division bought a new stake in shares of Autodesk during the 4th quarter worth $37,000. Finally, Wolff Wiese Magana LLC increased its stake in Autodesk by 3,625.0% in the third quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company's stock valued at $41,000 after acquiring an additional 145 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have issued reports on ADSK shares. HSBC lowered Autodesk from a "buy" rating to a "hold" rating and set a $290.00 price target for the company. in a research note on Friday, November 29th. Oppenheimer upped their target price on Autodesk from $300.00 to $350.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. Stifel Nicolaus increased their price target on shares of Autodesk from $340.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Scotiabank assumed coverage on shares of Autodesk in a report on Monday, November 18th. They issued a "sector outperform" rating and a $360.00 price objective for the company. Finally, Wells Fargo & Company increased their target price on shares of Autodesk from $340.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Nine equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company's stock. According to MarketBeat, Autodesk currently has an average rating of "Moderate Buy" and an average target price of $326.05.

Insider Activity

In other Autodesk 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 value of $167,783.00. Following the sale, the director now directly owns 30,249 shares of the company's stock, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.14% of the company's stock.

Autodesk Trading Up 0.5 %

Shares of NASDAQ:ADSK traded up $1.37 on Friday, hitting $291.45. The company had a trading volume of 1,466,123 shares, compared to its average volume of 1,115,562. The firm's 50-day simple moving average is $300.44 and its two-hundred day simple moving average is $275.58. The firm has a market capitalization of $62.66 billion, a price-to-earnings ratio of 57.83, a P/E/G ratio of 3.36 and a beta of 1.42. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. 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 issued 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 net margin of 18.30% and a return on equity of 53.87%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the business posted $1.33 earnings per share. Autodesk's quarterly revenue was up 11.0% compared to the same quarter last year. Equities analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share 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.