Autodesk, Inc. (NASDAQ:ADSK) Holdings Boosted by Lifestyle Asset Management Inc.

Lifestyle Asset Management Inc. boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,245 shares of the software company’s stock after purchasing an additional 69 shares during the period. Autodesk accounts for 0.7% of Lifestyle Asset Management Inc.’s investment portfolio, making the stock its 29th biggest holding. Lifestyle Asset Management Inc.’s holdings in Autodesk were worth $1,255,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Livelsberger Financial Advisory acquired a new stake in shares of Autodesk in the 3rd quarter valued at $27,000. Transcendent Capital Group LLC acquired a new position in Autodesk during the 3rd quarter worth $28,000. Concord Wealth Partners acquired a new position in Autodesk during the 3rd quarter worth $28,000. Central Pacific Bank Trust Division acquired a new position in Autodesk during the 4th quarter worth $37,000. Finally, Union Savings Bank acquired a new position in Autodesk during the 4th quarter worth $41,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the transaction, the director now directly owns 30,249 shares of the company’s stock, valued at $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

ADSK has been the subject of a number of research analyst reports. Oppenheimer boosted their target price on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. KeyCorp boosted their price objective on shares of Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Mizuho boosted their price objective on shares of Autodesk from $260.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Finally, Morgan Stanley upped their target price on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $326.05.

Autodesk Stock Performance

Shares of ADSK opened at $301.08 on Friday. The stock has a market capitalization of $64.73 billion, a price-to-earnings ratio of 59.74, a PEG ratio of 3.50 and a beta of 1.42. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The firm has a fifty day simple moving average of $299.50 and a 200 day simple moving average of $276.63. 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 (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.12 by $0.05. The company 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 firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.33 EPS. Research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal 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.