Venturi Wealth Management LLC Buys 5,810 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Venturi Wealth Management LLC increased its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 204.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,658 shares of the software company's stock after buying an additional 5,810 shares during the quarter. Venturi Wealth Management LLC's holdings in Autodesk were worth $2,559,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in Autodesk in the fourth quarter worth about $25,000. Livelsberger Financial Advisory acquired a new position in shares of Autodesk in the 3rd quarter worth approximately $27,000. Concord Wealth Partners bought a new stake in shares of Autodesk in the 3rd quarter worth approximately $28,000. Transcendent Capital Group LLC bought a new stake in shares of Autodesk in the 3rd quarter worth approximately $28,000. Finally, Central Pacific Bank Trust Division acquired a new stake in Autodesk during the fourth quarter valued at approximately $37,000. Institutional investors own 90.24% of the company's stock.

Autodesk Stock Down 2.1 %

Shares of NASDAQ:ADSK traded down $6.02 during midday trading on Friday, hitting $285.00. 1,670,110 shares of the stock were exchanged, compared to its average volume of 1,382,891. The company has a market capitalization of $61.28 billion, a PE ratio of 56.55, a P/E/G ratio of 3.08 and a beta of 1.43. 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 business's fifty day simple moving average is $298.25 and its two-hundred day simple moving average is $285.27.

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

Analyst Ratings Changes

ADSK has been the topic of several recent research reports. Scotiabank initiated coverage on shares of Autodesk in a research report on Monday, November 18th. They issued a "sector outperform" rating and a $360.00 price target on the stock. Mizuho raised Autodesk from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. BMO Capital Markets increased their price target on Autodesk from $287.00 to $308.00 and gave the company a "market perform" rating in a research report on Wednesday, November 27th. Oppenheimer lifted their price target on Autodesk from $300.00 to $350.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. Finally, Macquarie assumed coverage on shares of Autodesk in a research note on Thursday, December 12th. They set an "outperform" rating and a $380.00 price objective for the company. 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.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $334.45.

Autodesk 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.