Mather Group LLC. Has $678,000 Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Mather Group LLC. raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 10.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,296 shares of the software company’s stock after buying an additional 217 shares during the quarter. Mather Group LLC.’s holdings in Autodesk were worth $678,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Livelsberger Financial Advisory acquired a new position in Autodesk in the third quarter valued at about $27,000. Transcendent Capital Group LLC acquired a new position in Autodesk in the third quarter valued at about $28,000. Concord Wealth Partners acquired a new position in Autodesk in the third quarter valued at about $28,000. Central Pacific Bank Trust Division acquired a new stake in shares of Autodesk during the fourth quarter worth about $37,000. Finally, Union Savings Bank acquired a new stake in shares of Autodesk during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Activity

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

Autodesk Price Performance

Shares of ADSK stock opened at $311.36 on Thursday. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The business has a fifty day simple moving average of $298.59 and a 200 day simple moving average of $280.45. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market cap of $66.94 billion, a P/E ratio of 61.78, a P/E/G ratio of 3.67 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last issued 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 business 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 business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.33 EPS. On average, sell-side analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Morgan Stanley increased their price objective on Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Citigroup lifted their target price on Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. BMO Capital Markets lifted their target price on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Scotiabank initiated coverage on Autodesk in a research note on Monday, November 18th. They set a “sector outperform” rating and a $360.00 target price for the company. Finally, Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $311.00 to $357.00 in a research note on Wednesday, January 8th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $333.77.

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.