Graypoint LLC Grows Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Graypoint LLC boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) by 3.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 3,937 shares of the software company’s stock after buying an additional 119 shares during the period. Graypoint LLC’s holdings in Autodesk were worth $1,164,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of ADSK. Livelsberger Financial Advisory purchased a new stake in Autodesk during the 3rd quarter valued at $27,000. Concord Wealth Partners purchased a new stake in Autodesk in the third quarter worth $28,000. Transcendent Capital Group LLC purchased a new stake in Autodesk in the third quarter worth $28,000. Central Pacific Bank Trust Division purchased a new stake in Autodesk in the fourth quarter worth $37,000. Finally, Wolff Wiese Magana LLC increased its stake in 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 purchasing an additional 145 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK stock opened at $284.96 on Friday. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The stock’s 50-day moving average is $301.41 and its 200 day moving average is $273.85. The company has a market cap of $61.27 billion, a P/E ratio of 56.54, a PEG ratio of 3.62 and a beta of 1.42. 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 (NASDAQ:ADSKGet Free Report) last issued 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. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $1.33 earnings per share. Research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on ADSK. KeyCorp increased their target price on Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Barclays increased their target price on Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Morgan Stanley increased their target price on Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Oppenheimer raised their price target on Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Finally, Citigroup raised their price target on Autodesk from $358.00 to $361.00 and gave the company a “buy” rating in a research note on Friday, November 29th. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $326.05.

View Our Latest Stock Report on Autodesk

Insiders Place Their Bets

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the sale, the director now owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.14% of the company’s stock.

About Autodesk

(Free Report)

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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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