Park Avenue Securities LLC Grows Stake in Autodesk, Inc. (NASDAQ:ADSK)

Park Avenue Securities LLC lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 56.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,120 shares of the software company's stock after acquiring an additional 1,486 shares during the period. Park Avenue Securities LLC's holdings in Autodesk were worth $1,218,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of ADSK. Fifth Third Wealth Advisors LLC raised its position in shares of Autodesk by 3.4% in the 4th quarter. Fifth Third Wealth Advisors LLC now owns 3,028 shares of the software company's stock valued at $895,000 after buying an additional 99 shares in the last quarter. Marcum Wealth LLC increased its stake in shares of Autodesk by 6.2% in the fourth quarter. Marcum Wealth LLC now owns 1,324 shares of the software company's stock valued at $391,000 after buying an additional 77 shares during the period. Miracle Mile Advisors LLC raised its stake in shares of Autodesk by 34.3% during the fourth quarter. Miracle Mile Advisors LLC now owns 3,652 shares of the software company's stock valued at $1,079,000 after acquiring an additional 933 shares during the last quarter. Cooper Financial Group lifted its holdings in Autodesk by 9.6% during the 4th quarter. Cooper Financial Group now owns 1,921 shares of the software company's stock worth $568,000 after buying an additional 168 shares during the period. Finally, Wedmont Private Capital increased its position in Autodesk by 3.7% during the 4th quarter. Wedmont Private Capital now owns 3,574 shares of the software company's stock valued at $1,018,000 after purchasing an additional 128 shares during the period. 90.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ADSK shares. Morgan Stanley lifted their target price on Autodesk from $320.00 to $375.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Oppenheimer upped their target price on Autodesk from $300.00 to $350.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. Wells Fargo & Company raised their target price on Autodesk from $340.00 to $350.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Robert W. Baird increased their target price on Autodesk from $305.00 to $330.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Finally, UBS Group initiated coverage on Autodesk in a research note on Monday, December 2nd. They issued a "buy" rating and a $350.00 target price on the stock. Nine research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Autodesk currently has a consensus rating of "Moderate Buy" and a consensus price target of $326.05.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the company'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 completion of the sale, the director now directly owns 30,249 shares in the company, valued at $9,227,759.94. This represents a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.14% of the company's stock.

Autodesk Stock Up 0.5 %

Shares of ADSK traded up $1.37 during mid-day trading on Monday, reaching $291.45. The company had a trading volume of 1,466,123 shares, compared to its average volume of 1,115,562. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The company has a market capitalization of $62.66 billion, a price-to-earnings ratio of 57.83, a price-to-earnings-growth ratio of 3.36 and a beta of 1.42. The firm has a 50-day moving average price of $300.44 and a 200 day moving average price of $275.79.

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