Quotient Wealth Partners LLC Has $238,000 Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Quotient Wealth Partners LLC increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.1% during the 4th quarter, HoldingsChannel reports. The fund owned 805 shares of the software company’s stock after purchasing an additional 46 shares during the quarter. Quotient Wealth Partners LLC’s holdings in Autodesk were worth $238,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Stoneridge Investment Partners LLC grew its holdings in Autodesk by 27.2% during the 4th quarter. Stoneridge Investment Partners LLC now owns 11,540 shares of the software company’s stock worth $3,411,000 after acquiring an additional 2,465 shares during the period. Empowered Funds LLC boosted its position in shares of Autodesk by 35.7% in the 4th quarter. Empowered Funds LLC now owns 6,438 shares of the software company’s stock worth $1,903,000 after purchasing an additional 1,695 shares during the last quarter. Apollon Wealth Management LLC grew its stake in shares of Autodesk by 10.3% during the fourth quarter. Apollon Wealth Management LLC now owns 8,906 shares of the software company’s stock worth $2,632,000 after purchasing an additional 832 shares during the period. Appleton Partners Inc. MA increased its holdings in Autodesk by 2.0% in the fourth quarter. Appleton Partners Inc. MA now owns 24,817 shares of the software company’s stock valued at $7,335,000 after purchasing an additional 479 shares during the last quarter. Finally, Triasima Portfolio Management inc. acquired a new position in Autodesk in the fourth quarter valued at about $2,041,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $304.99 on Tuesday. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The stock has a market capitalization of $65.57 billion, a price-to-earnings ratio of 60.51, a PEG ratio of 3.17 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The business has a 50-day moving average of $299.53 and a 200-day moving average of $281.78.

Autodesk (NASDAQ:ADSK) last posted 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 firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.33 EPS. As a group, sell-side analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ADSK has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price target on Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research note on Wednesday, November 27th. Rosenblatt Securities upped their target price on shares of Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Hsbc Global Res lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Finally, Wells Fargo & Company raised their price objective on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $333.77.

Insider Buying and Selling

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by insiders.

About Autodesk

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.