893 Shares in Autodesk, Inc. (NASDAQ:ADSK) Purchased by One Wealth Capital Management LLC

One Wealth Capital Management LLC acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 893 shares of the software company’s stock, valued at approximately $264,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Canandaigua National Bank & Trust Co. increased its stake in shares of Autodesk by 4.1% in the fourth quarter. Canandaigua National Bank & Trust Co. now owns 4,534 shares of the software company’s stock worth $1,340,000 after buying an additional 178 shares during the last quarter. Fortem Financial Group LLC raised its stake in shares of Autodesk by 1.1% in the 4th quarter. Fortem Financial Group LLC now owns 7,737 shares of the software company’s stock valued at $2,287,000 after purchasing an additional 81 shares in the last quarter. Nordea Investment Management AB lifted its position in shares of Autodesk by 7.2% during the fourth quarter. Nordea Investment Management AB now owns 17,498 shares of the software company’s stock worth $5,199,000 after purchasing an additional 1,174 shares during the last quarter. Central Pacific Bank Trust Division acquired a new position in Autodesk in the fourth quarter worth about $37,000. Finally, Everence Capital Management Inc. increased its holdings in Autodesk by 71.3% in the fourth quarter. Everence Capital Management Inc. now owns 4,540 shares of the software company’s stock valued at $1,342,000 after buying an additional 1,890 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the 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 completion of the sale, the director now owns 30,249 shares in the company, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ADSK. BMO Capital Markets increased 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 shares of Autodesk in a report on Monday, December 2nd. They issued a “buy” rating and a $350.00 price objective for the company. 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 report on Friday, November 29th. KeyCorp lifted their price target on shares of Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Finally, Robert W. Baird raised their target price on shares of Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $323.95.

Autodesk Price Performance

ADSK traded down $2.95 during trading on Tuesday, reaching $289.56. The stock had a trading volume of 563,113 shares, compared to its average volume of 973,981. The stock has a 50 day moving average of $301.02 and a two-hundred day moving average of $272.87. 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 firm has a market capitalization of $62.26 billion, a price-to-earnings ratio of 57.45, a price-to-earnings-growth ratio of 3.62 and a beta of 1.42. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.05. The business had revenue of $1.57 billion during 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%. The company’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 earnings per share. As a group, equities analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal 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.