Moss Adams Wealth Advisors LLC boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK – Free Report) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,868 shares of the software company’s stock after acquiring an additional 52 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Autodesk were worth $1,143,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of the company. Livelsberger Financial Advisory bought a new stake in shares of Autodesk during the 3rd quarter valued at $27,000. Concord Wealth Partners purchased a new position in Autodesk during the third quarter valued at $28,000. Transcendent Capital Group LLC bought a new stake in Autodesk during the third quarter valued at about $28,000. Central Pacific Bank Trust Division purchased a new stake in Autodesk in the fourth quarter worth about $37,000. Finally, Wolff Wiese Magana LLC lifted its position in shares of Autodesk by 3,625.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock valued at $41,000 after buying an additional 145 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on ADSK. HSBC downgraded shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a report on Friday, November 29th. Macquarie assumed coverage on shares of Autodesk in a report on Thursday, December 12th. They issued an “outperform” rating and a $380.00 target price for the company. UBS Group assumed coverage on Autodesk in a report on Monday, December 2nd. They set a “buy” rating and a $350.00 price target on the stock. Mizuho upped their price objective on Autodesk from $260.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Finally, Barclays lifted their target price on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.05.
Autodesk Stock Up 0.5 %
Shares of NASDAQ:ADSK opened at $291.45 on Friday. The company has a market cap of $62.66 billion, a price-to-earnings ratio of 57.83, a PEG ratio of 3.36 and a beta of 1.42. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month 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 company has a 50-day moving average price of $300.44 and a 200 day moving average price of $275.39.
Autodesk (NASDAQ:ADSK – Get Free Report) last posted 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. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period last year, the company earned $1.33 EPS. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. As a group, equities research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.
Insider Buying and Selling at Autodesk
In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 30,249 shares in the company, valued at $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.14% of the company’s stock.
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.
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