Autodesk, Inc. (NASDAQ:ADSK) Stock Holdings Raised by Avestar Capital LLC

Avestar Capital LLC lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 10.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,464 shares of the software company’s stock after purchasing an additional 230 shares during the period. Avestar Capital LLC’s holdings in Autodesk were worth $679,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. B. Riley Wealth Advisors Inc. grew its position in shares of Autodesk by 7.1% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 6,783 shares of the software company’s stock worth $1,766,000 after acquiring an additional 448 shares in the last quarter. Tidal Investments LLC lifted its stake in Autodesk by 1.6% during the first quarter. Tidal Investments LLC now owns 24,963 shares of the software company’s stock worth $6,501,000 after purchasing an additional 395 shares during the last quarter. Plato Investment Management Ltd boosted its holdings in Autodesk by 1,010.4% in the first quarter. Plato Investment Management Ltd now owns 4,175 shares of the software company’s stock worth $1,087,000 after purchasing an additional 3,799 shares during the period. New Covenant Trust Company N.A. bought a new stake in Autodesk during the first quarter valued at $25,000. Finally, Citizens Financial Group Inc. RI acquired a new stake in shares of Autodesk during the first quarter worth $251,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $317.96 on Wednesday. The company’s fifty day moving average is $288.49 and its two-hundred day moving average is $256.59. The company has a market cap of $68.36 billion, a P/E ratio of 65.02, a price-to-earnings-growth ratio of 4.10 and a beta of 1.47. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 0.80.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.05. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a return on equity of 59.41% and a net margin of 18.21%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.33 EPS. Equities analysts expect that Autodesk, Inc. will post 5.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $265.50, for a total transaction of $146,025.00. Following the transaction, the director now owns 31,349 shares of the company’s stock, valued at approximately $8,323,159.50. This represents a 1.72 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Stephen W. Hope sold 286 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $274.84, for a total value of $78,604.24. Following the completion of the sale, the chief accounting officer now owns 4,879 shares of the company’s stock, valued at approximately $1,340,944.36. This trade represents a 5.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,280 shares of company stock worth $5,232,213. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. Berenberg Bank increased their price objective on shares of Autodesk from $286.00 to $299.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. Morgan Stanley raised their price target on Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Stifel Nicolaus upped their price objective on Autodesk from $320.00 to $340.00 and gave the stock a “buy” rating in a research note on Friday, November 15th. DA Davidson began coverage on Autodesk in a research note on Friday, September 27th. They issued a “neutral” rating and a $260.00 target price on the stock. Finally, BMO Capital Markets increased their price objective on shares of Autodesk from $254.00 to $287.00 and gave the stock a “market perform” rating in a report on Friday, August 30th. Eight investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $309.43.

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.