Oregon Pacific Wealth Management LLC Invests $284,000 in Autodesk, Inc. (NASDAQ:ADSK)

Oregon Pacific Wealth Management LLC purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 961 shares of the software company’s stock, valued at approximately $284,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Starboard Value LP bought a new position in Autodesk in the third quarter worth $510,189,000. International Assets Investment Management LLC increased its stake in shares of Autodesk by 58,375.5% in the third quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company’s stock valued at $1,564,170,000 after buying an additional 566,826 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Autodesk by 394.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock worth $156,296,000 after purchasing an additional 452,728 shares during the period. Franklin Resources Inc. increased its position in Autodesk by 36.5% in the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock worth $413,405,000 after purchasing an additional 387,309 shares during the period. Finally, State Street Corp grew its position in shares of Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after buying an additional 288,931 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently weighed in on ADSK. Morgan Stanley lifted their price objective on Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. BMO Capital Markets boosted their target price on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. UBS Group assumed coverage on Autodesk in a report on Monday, December 2nd. They issued a “buy” rating and a $350.00 price objective on the stock. Robert W. Baird upped their target price on Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Finally, Oppenheimer upped their price objective on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. 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 has a consensus rating of “Moderate Buy” and a consensus target price of $331.50.

Autodesk Trading Up 0.4 %

Shares of NASDAQ:ADSK opened at $311.34 on Monday. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The business’s fifty day simple moving average is $299.08 and its 200-day simple moving average is $279.34. The company has a market capitalization of $66.94 billion, a PE ratio of 61.77, a P/E/G ratio of 3.59 and a beta of 1.42. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 EPS 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 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 revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.33 EPS. As a group, equities research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

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 transaction of $167,783.00. Following the sale, the director now owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.14% of the company’s stock.

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.