Catalina Capital Group LLC Takes $235,000 Position in Autodesk, Inc. (NASDAQ:ADSK)

Catalina Capital Group LLC acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 795 shares of the software company’s stock, valued at approximately $235,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ADSK. Livelsberger Financial Advisory acquired a new stake in shares of Autodesk during the third quarter worth approximately $27,000. Concord Wealth Partners purchased a new stake in Autodesk in the 3rd quarter worth approximately $28,000. Transcendent Capital Group LLC acquired a new stake in shares of Autodesk during the 3rd quarter valued at $28,000. Central Pacific Bank Trust Division purchased a new position in shares of Autodesk during the 4th quarter valued at $37,000. Finally, Wolff Wiese Magana LLC increased its stake in shares of Autodesk by 3,625.0% in the third quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock worth $41,000 after acquiring an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

ADSK has been the topic of a number of recent research reports. KeyCorp boosted their target price on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. UBS Group began coverage on shares of Autodesk in a research report on Monday, December 2nd. They set a “buy” rating and a $350.00 price objective on the stock. Wells Fargo & Company boosted their target price on shares of Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Rosenblatt Securities raised their price target on shares of Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Morgan Stanley upped their price objective on shares of Autodesk from $320.00 to $375.00 and gave the stock 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 assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $331.50.

Insider Activity at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the sale, the director now owns 30,249 shares of the company’s stock, valued at $9,227,759.94. The trade was a 1.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Performance

NASDAQ:ADSK opened at $306.23 on Tuesday. The firm’s 50-day moving average is $299.08 and its 200-day moving average is $279.55. The company has a market cap of $65.84 billion, a price-to-earnings ratio of 60.76, a PEG ratio of 3.67 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62.

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

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.