Mount Yale Investment Advisors LLC Buys 35 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Mount Yale Investment Advisors LLC boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 1.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,864 shares of the software company’s stock after buying an additional 35 shares during the period. Mount Yale Investment Advisors LLC’s holdings in Autodesk were worth $551,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Livelsberger Financial Advisory bought a new stake in shares of Autodesk during the third quarter valued at approximately $27,000. Concord Wealth Partners bought a new stake in Autodesk during the 3rd quarter valued at $28,000. Transcendent Capital Group LLC acquired a new position in Autodesk during the third quarter worth $28,000. Central Pacific Bank Trust Division bought a new position in shares of Autodesk in the fourth quarter valued at $37,000. Finally, Wolff Wiese Magana LLC grew its holdings in shares of Autodesk by 3,625.0% during the third 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 during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Trading Up 3.6 %

Shares of Autodesk stock opened at $309.93 on Wednesday. The stock has a market capitalization of $66.63 billion, a P/E ratio of 61.49, a P/E/G ratio of 3.55 and a beta of 1.42. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The stock’s 50-day simple moving average is $299.36 and its 200 day simple moving average is $277.96.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results 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 company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.33 earnings per share. As a group, research analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

Analyst Ratings Changes

A number of research firms recently weighed in on ADSK. Barclays upped their target price on shares of Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Citigroup raised their target price on Autodesk from $358.00 to $361.00 and gave the company a “buy” rating in a report on Friday, November 29th. Robert W. Baird increased their price target on Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. KeyCorp lifted their price objective on shares of Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Finally, Scotiabank initiated coverage on shares of Autodesk in a report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 target price for the company. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $331.50.

Insiders Place Their Bets

In related news, Director Mary T. Mcdowell sold 550 shares of the business’s 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 sale, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.14% of the company’s stock.

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.