Hickory Asset Management Inc. Invests $602,000 in Autodesk, Inc. (NASDAQ:ADSK)

Hickory Asset Management Inc. bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 2,037 shares of the software company’s stock, valued at approximately $602,000.

A number of other large investors have also modified their holdings of ADSK. CX Institutional grew its holdings in shares of Autodesk by 7.6% during the third quarter. CX Institutional now owns 1,549 shares of the software company’s stock worth $427,000 after buying an additional 110 shares in the last quarter. Creative Planning increased its position in shares of Autodesk by 6.3% during the 3rd quarter. Creative Planning now owns 40,030 shares of the software company’s stock worth $11,028,000 after purchasing an additional 2,371 shares during the last quarter. Asset Dedication LLC increased its holdings in Autodesk by 87.9% in the 3rd quarter. Asset Dedication LLC now owns 171 shares of the software company’s stock valued at $47,000 after purchasing an additional 80 shares during the last quarter. Probity Advisors Inc. acquired a new stake in Autodesk in the 3rd quarter valued at approximately $226,000. Finally, Global Retirement Partners LLC increased its stake in Autodesk by 2.8% during the 3rd quarter. Global Retirement Partners LLC now owns 5,980 shares of the software company’s stock worth $1,647,000 after buying an additional 162 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price for the company. in a report on Friday, November 29th. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and raised their target price for the company from $280.00 to $400.00 in a report on Tuesday, January 28th. Robert W. Baird boosted their price target on shares of Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a 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 research report on Wednesday, November 20th. Finally, Hsbc Global Res downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $333.77.

Autodesk Price Performance

ADSK stock opened at $302.72 on Friday. The stock has a 50-day moving average price of $299.54 and a two-hundred day moving average price of $282.88. The company has a market cap of $65.08 billion, a PE ratio of 60.06, a price-to-earnings-growth ratio of 3.17 and a beta of 1.43. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the previous year, the company posted $1.33 earnings per share. Autodesk’s revenue was up 11.0% compared to the same quarter last year. As a group, research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current 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.