Catalyst Financial Partners LLC Grows Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Catalyst Financial Partners LLC raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 8.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 827 shares of the software company’s stock after buying an additional 61 shares during the period. Catalyst Financial Partners LLC’s holdings in Autodesk were worth $244,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of ADSK. Jag Capital Management LLC acquired a new position in shares of Autodesk in the 3rd quarter worth approximately $13,861,000. LMR Partners LLP bought a new stake in shares of Autodesk in the 3rd quarter worth approximately $12,643,000. Starboard Value LP bought a new stake in shares of Autodesk in the 3rd quarter worth approximately $510,189,000. China Universal Asset Management Co. Ltd. lifted its holdings in shares of Autodesk by 196.2% in the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock worth $2,394,000 after purchasing an additional 5,365 shares during the last quarter. Finally, Brookstone Capital Management lifted its holdings in shares of Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock worth $8,659,000 after purchasing an additional 26,768 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on ADSK. Hsbc Global Res downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Citigroup raised their price target on Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a report on Friday, November 29th. Stifel Nicolaus lifted their target price on Autodesk from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Morgan Stanley lifted their target price on Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, Macquarie assumed coverage on Autodesk in a research note on Thursday, December 12th. They set an “outperform” rating and a $380.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $333.77.

Autodesk Stock Down 0.3 %

Shares of Autodesk stock opened at $302.72 on Friday. The stock’s fifty day moving average is $299.54 and its 200-day moving average is $282.88. The firm has a market capitalization of $65.08 billion, a PE ratio of 60.06, a price-to-earnings-growth ratio of 3.17 and a beta of 1.43. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. Autodesk’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.33 earnings per share. Equities analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

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.