Ashton Thomas Securities LLC Buys 150 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Ashton Thomas Securities LLC raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 3.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,972 shares of the software company’s stock after buying an additional 150 shares during the quarter. Ashton Thomas Securities LLC’s holdings in Autodesk were worth $1,174,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in ADSK. Golden State Wealth Management LLC bought a new stake in shares of Autodesk during the 4th quarter valued at approximately $25,000. Tradewinds Capital Management LLC increased its holdings in shares of Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after buying an additional 50 shares in the last quarter. Addison Advisors LLC lifted its stake in shares of Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after acquiring an additional 74 shares during the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Autodesk during the fourth quarter valued at about $37,000. Finally, Sierra Ocean LLC acquired a new position in Autodesk in the 4th quarter valued at approximately $39,000. 90.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on ADSK. UBS Group raised their price target on shares of Autodesk from $350.00 to $370.00 and gave the stock a “buy” rating in a report on Friday, February 28th. Morgan Stanley boosted their target price on Autodesk from $375.00 to $385.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. Citigroup reduced their price objective on Autodesk from $361.00 to $339.00 and set a “buy” rating for the company in a research note on Thursday, February 27th. Robert W. Baird lowered their target price on Autodesk from $345.00 to $336.00 and set an “outperform” rating on the stock in a research report on Friday, February 28th. Finally, Stifel Nicolaus reduced their price target on shares of Autodesk from $360.00 to $350.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Seven equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and a consensus price target of $336.29.

Autodesk Stock Performance

Shares of ADSK opened at $269.19 on Tuesday. The stock has a 50 day moving average of $285.68 and a 200 day moving average of $288.17. The company has a market capitalization of $57.34 billion, a price-to-earnings ratio of 53.41, a PEG ratio of 2.94 and a beta of 1.51. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Insider Activity

In related news, Director John T. Cahill purchased 2,000 shares of the business’s stock in a transaction that occurred on Friday, March 21st. The shares were bought at an average cost of $267.10 per share, with a total value of $534,200.00. Following the acquisition, the director now owns 2,000 shares of the company’s stock, valued at $534,200. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

Autodesk 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.