Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 32.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,400 shares of the software company's stock after buying an additional 1,078 shares during the period. Kingswood Wealth Advisors LLC's holdings in Autodesk were worth $1,301,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Livelsberger Financial Advisory purchased a new stake in shares of Autodesk during the third quarter worth about $27,000. Concord Wealth Partners acquired a new stake in Autodesk during the 3rd quarter valued at approximately $28,000. Transcendent Capital Group LLC purchased a new stake in Autodesk during the 3rd quarter worth approximately $28,000. Central Pacific Bank Trust Division acquired a new position in shares of Autodesk in the 4th quarter valued at approximately $37,000. Finally, Wolff Wiese Magana LLC boosted its stake in shares of Autodesk by 3,625.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company's stock valued at $41,000 after buying an additional 145 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company's stock.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the business's 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 sale, the director now owns 30,249 shares of the company's stock, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ADSK shares. Macquarie assumed coverage on shares of Autodesk in a research note on Thursday, December 12th. They issued an "outperform" rating and a $380.00 price target for the company. Citigroup boosted their target price on shares of Autodesk from $358.00 to $361.00 and gave the stock a "buy" rating in a research report on Friday, November 29th. HSBC lowered shares of 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. KeyCorp boosted their price objective on Autodesk from $325.00 to $330.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. Finally, Robert W. Baird upped their price objective on Autodesk from $305.00 to $330.00 and gave the company an "outperform" rating in a research note on Monday, November 18th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $331.50.

Autodesk Stock Performance

NASDAQ ADSK traded up $10.86 on Tuesday, hitting $309.93. The stock had a trading volume of 2,088,897 shares, compared to its average volume of 1,370,229. The company's 50-day moving average is $299.36 and its two-hundred day moving average is $277.96. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The stock has a market cap of $66.63 billion, a price-to-earnings ratio of 61.49, a P/E/G ratio of 3.55 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 (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the company posted $1.33 EPS. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. On average, analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.

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.