Gateway Investment Advisers LLC Buys 153 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Gateway Investment Advisers LLC grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 0.9% during the 4th quarter, Holdings Channel reports. The firm owned 16,664 shares of the software company’s stock after purchasing an additional 153 shares during the quarter. Gateway Investment Advisers LLC’s holdings in Autodesk were worth $4,925,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. increased its holdings in shares of Autodesk by 0.5% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,208 shares of the software company’s stock worth $3,608,000 after buying an additional 66 shares in the last quarter. Carolina Wealth Advisors LLC increased its holdings in Autodesk by 277.8% during the 4th quarter. Carolina Wealth Advisors LLC now owns 835 shares of the software company’s stock valued at $247,000 after purchasing an additional 614 shares in the last quarter. Outlook Wealth Advisors LLC increased its holdings in Autodesk by 4.1% during the 4th quarter. Outlook Wealth Advisors LLC now owns 1,578 shares of the software company’s stock valued at $466,000 after purchasing an additional 62 shares in the last quarter. USA Financial Formulas bought a new position in Autodesk in the 4th quarter valued at $1,295,000. Finally, Sagace Wealth Management LLC bought a new stake in shares of Autodesk during the fourth quarter worth $220,000. 90.24% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ADSK. Robert W. Baird lifted their price target on Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, November 18th. UBS Group initiated coverage on shares of Autodesk in a research report on Monday, December 2nd. They set a “buy” rating and a $350.00 target price on the stock. Oppenheimer increased their price target on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Stifel Nicolaus boosted their price objective on shares of Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Rosenblatt Securities increased their price objective on Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $326.05.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the company’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 directly owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is owned by insiders.

Autodesk Stock Performance

ADSK stock opened at $291.45 on Friday. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market cap of $62.66 billion, a PE ratio of 57.83, a P/E/G ratio of 3.36 and a beta of 1.42. The business’s 50-day moving average price is $300.72 and its two-hundred day moving average price is $275.07.

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