10,058 Shares in Autodesk, Inc. (NASDAQ:ADSK) Purchased by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,058 shares of the software company's stock, valued at approximately $2,973,000.

A number of other institutional investors have also added to or reduced their stakes in ADSK. Livelsberger Financial Advisory acquired a new position in Autodesk during the 3rd quarter worth approximately $27,000. Concord Wealth Partners bought a new stake in Autodesk during the 3rd quarter valued at $28,000. Transcendent Capital Group LLC acquired a new position in Autodesk during the third quarter worth $28,000. Central Pacific Bank Trust Division bought a new position in shares of Autodesk in the fourth quarter valued at $37,000. Finally, Wolff Wiese Magana LLC grew its holdings in shares of Autodesk by 3,625.0% during the third 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. 90.24% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the company'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 value of $167,783.00. Following the completion of the sale, the director now owns 30,249 shares of the company's stock, valued at $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.14% of the company's stock.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of analyst reports. KeyCorp upped their target price on shares of Autodesk from $325.00 to $330.00 and gave the stock an "overweight" rating in a report on Wednesday, November 20th. Barclays increased their price objective on Autodesk from $310.00 to $355.00 and gave the stock an "overweight" rating in a research note on Friday, November 15th. Rosenblatt Securities increased their price target on Autodesk from $295.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. Morgan Stanley increased their price target on Autodesk from $320.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Finally, HSBC downgraded shares of Autodesk from a "buy" rating to a "hold" rating and set a $290.00 target price for the company. in a report on Friday, November 29th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $333.77.

Autodesk Stock Performance

Shares of NASDAQ ADSK traded up $6.20 during mid-day trading on Thursday, hitting $303.48. The company had a trading volume of 1,288,008 shares, compared to its average volume of 1,327,507. The company has a market capitalization of $65.25 billion, a price-to-earnings ratio of 60.21, a P/E/G ratio of 3.17 and a beta of 1.43. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock's 50-day moving average price is $299.58 and its 200-day moving average price is $282.74.

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, beating 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 company 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 earned $1.33 earnings per share. Autodesk's revenue for the quarter was up 11.0% on a year-over-year basis. On average, sell-side analysts forecast 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.