Soltis Investment Advisors LLC Has $4.93 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Soltis Investment Advisors LLC boosted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 438.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,684 shares of the software company’s stock after purchasing an additional 13,584 shares during the period. Soltis Investment Advisors LLC’s holdings in Autodesk were worth $4,931,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk during the 4th quarter valued at $25,000. Livelsberger Financial Advisory bought a new stake in shares of Autodesk during the third quarter worth about $27,000. Transcendent Capital Group LLC acquired a new position in shares of Autodesk in the third quarter valued at approximately $28,000. Concord Wealth Partners bought a new stake in Autodesk during the 3rd quarter worth approximately $28,000. Finally, Central Pacific Bank Trust Division acquired a new position in Autodesk in the 4th quarter valued at approximately $37,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Activity at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the sale, the director now directly owns 30,249 shares in the company, valued at $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Price Performance

NASDAQ ADSK opened at $301.15 on Monday. The company has a market cap of $64.75 billion, a PE ratio of 59.75, a price-to-earnings-growth ratio of 3.17 and a beta of 1.43. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm’s 50-day simple moving average is $299.53 and its two-hundred day simple moving average is $281.48. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62.

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

Analysts Set New Price Targets

A number of equities analysts have recently commented on ADSK shares. Macquarie began coverage on shares of Autodesk in a report on Thursday, December 12th. They set an “outperform” rating and a $380.00 price target on the stock. HSBC downgraded Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price on the stock. in a report on Friday, November 29th. Barclays lifted their price objective on Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. UBS Group assumed coverage on shares of Autodesk in a report on Monday, December 2nd. They set a “buy” rating and a $350.00 price target for the company. Finally, KeyCorp upped their price objective on shares of Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $333.77.

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.