Copperleaf Capital LLC Has $1.06 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Copperleaf Capital LLC raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 6.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,574 shares of the software company’s stock after purchasing an additional 208 shares during the quarter. Copperleaf Capital LLC’s holdings in Autodesk were worth $1,056,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk in the fourth quarter valued at about $25,000. Livelsberger Financial Advisory acquired a new stake in shares of Autodesk in the third quarter valued at about $27,000. Transcendent Capital Group LLC acquired a new stake in shares of Autodesk in the third quarter valued at about $28,000. Concord Wealth Partners acquired a new stake in shares of Autodesk in the third quarter valued at about $28,000. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Autodesk in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Down 0.3 %

NASDAQ ADSK opened at $302.72 on Friday. The business has a fifty day moving average price of $299.44 and a two-hundred day moving average price of $283.30. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The stock has a market capitalization of $65.08 billion, a PE ratio of 60.06, a PEG ratio of 3.17 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping 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 firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the prior year, the company earned $1.33 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Equities analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ADSK shares. Morgan Stanley lifted their target price on Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $280.00 to $400.00 in a research report on Tuesday, January 28th. KeyCorp boosted their price target on Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Robert W. Baird boosted their price target on Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Finally, Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $311.00 to $357.00 in a research report on Wednesday, January 8th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $333.77.

Autodesk 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.