Valeo Financial Advisors LLC Buys 246 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Valeo Financial Advisors LLC increased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 16.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,731 shares of the software company’s stock after buying an additional 246 shares during the period. Valeo Financial Advisors LLC’s holdings in Autodesk were worth $512,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Autodesk in the fourth quarter worth approximately $25,000. Livelsberger Financial Advisory bought a new position in Autodesk in the third quarter worth approximately $27,000. Transcendent Capital Group LLC purchased a new position in Autodesk in the third quarter worth $28,000. Concord Wealth Partners purchased a new position in Autodesk in the third quarter worth $28,000. Finally, Central Pacific Bank Trust Division purchased a new position in Autodesk in the fourth quarter worth $37,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Trading Down 0.3 %

Shares of Autodesk stock opened at $302.72 on Monday. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two 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 firm has a 50-day simple moving average of $299.44 and a two-hundred day simple moving average of $283.58. The company has a market cap of $65.08 billion, a P/E ratio of 60.06, a price-to-earnings-growth ratio of 3.17 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last released its quarterly 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 net margin of 18.30% and a return on equity of 53.87%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the prior year, the firm 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 analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have issued reports on ADSK. Bank of America lifted their price target on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. HSBC lowered shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective on the stock. in a report on Friday, November 29th. UBS Group initiated coverage on shares of Autodesk in a report on Monday, December 2nd. They set a “buy” rating and a $350.00 price objective on the stock. Oppenheimer upped their price target on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Finally, Morgan Stanley upped their price target on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. 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 has a consensus rating of “Moderate Buy” and an average price target 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.