Journey Strategic Wealth LLC Purchases 37 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Journey Strategic Wealth LLC increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 4.6% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 835 shares of the software company’s stock after buying an additional 37 shares during the period. Journey Strategic Wealth LLC’s holdings in Autodesk were worth $247,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Livelsberger Financial Advisory bought a new position in shares of Autodesk during the 3rd quarter valued at about $27,000. Transcendent Capital Group LLC bought a new position in shares of Autodesk during the 3rd quarter valued at about $28,000. Concord Wealth Partners bought a new position in shares of Autodesk during the 3rd quarter valued at about $28,000. Central Pacific Bank Trust Division bought a new position in shares of Autodesk during the 4th quarter valued at about $37,000. Finally, Union Savings Bank bought a new position in shares of Autodesk during the 4th quarter valued at about $41,000. Institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and upped their target price for the company from $280.00 to $400.00 in a research report on Tuesday, January 28th. HSBC cut shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price on the stock. in a research report on Friday, November 29th. Stifel Nicolaus upped their target price on shares of Autodesk from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Oppenheimer upped their target price on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Finally, Barclays upped their target price on shares of Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $331.50.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the transaction, the director now owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.14% of the stock is owned by insiders.

Autodesk Price Performance

NASDAQ ADSK opened at $306.23 on Tuesday. 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 firm’s 50 day moving average price is $299.08 and its 200-day moving average price is $279.55. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a market cap of $65.84 billion, a PE ratio of 60.76, a P/E/G ratio of 3.67 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the firm earned $1.33 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Sell-side analysts forecast that Autodesk, Inc. will post 5.76 EPS 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.