Perigon Wealth Management LLC Purchases 129 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Perigon Wealth Management LLC raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 4.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,921 shares of the software company’s stock after buying an additional 129 shares during the quarter. Perigon Wealth Management LLC’s holdings in Autodesk were worth $847,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Jag Capital Management LLC bought a new stake in Autodesk during the third quarter worth $13,861,000. LMR Partners LLP bought a new stake in shares of Autodesk during the 3rd quarter worth $12,643,000. Starboard Value LP acquired a new stake in Autodesk in the third quarter valued at about $510,189,000. Erste Asset Management GmbH bought a new position in Autodesk in the third quarter valued at about $20,087,000. Finally, Brookstone Capital Management raised its stake in Autodesk by 1,058.9% during the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock worth $8,659,000 after acquiring an additional 26,768 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction 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 directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ADSK. Robert W. Baird lifted their price target on shares of Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, November 18th. BMO Capital Markets boosted their target price on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Barclays increased their price target on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective on the stock. in a research report on Friday, November 29th. Finally, KeyCorp lifted their price target on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Autodesk currently has an average rating of “Moderate Buy” and an average target price of $331.50.

Autodesk Stock Performance

Shares of ADSK opened at $309.95 on Friday. The firm has a market capitalization of $66.64 billion, a P/E ratio of 61.50, a P/E/G ratio of 3.55 and a beta of 1.42. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The stock has a 50 day moving average price of $299.38 and a two-hundred day moving average price of $278.54. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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 the consensus estimate of $1.56 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. Autodesk’s revenue was up 11.0% compared to the same quarter last year. Equities analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Autodesk Company 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.