Cooper Financial Group Buys 168 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Cooper Financial Group increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 9.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,921 shares of the software company’s stock after buying an additional 168 shares during the period. Cooper Financial Group’s holdings in Autodesk were worth $568,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of ADSK. Marshall Financial Group LLC grew its holdings in shares of Autodesk by 0.8% during the 3rd quarter. Marshall Financial Group LLC now owns 4,491 shares of the software company’s stock worth $1,237,000 after acquiring an additional 35 shares during the period. Avitas Wealth Management LLC grew its stake in Autodesk by 0.8% in the third quarter. Avitas Wealth Management LLC now owns 5,577 shares of the software company’s stock worth $1,536,000 after purchasing an additional 42 shares during the period. CHICAGO TRUST Co NA grew its stake in Autodesk by 1.4% in the fourth quarter. CHICAGO TRUST Co NA now owns 3,045 shares of the software company’s stock worth $900,000 after purchasing an additional 42 shares during the period. Mesirow Financial Investment Management Inc. raised its holdings in Autodesk by 1.1% in the second quarter. Mesirow Financial Investment Management Inc. now owns 3,875 shares of the software company’s stock worth $959,000 after purchasing an additional 44 shares in the last quarter. Finally, Meeder Asset Management Inc. lifted its position in Autodesk by 28.9% during the third quarter. Meeder Asset Management Inc. now owns 196 shares of the software company’s stock valued at $54,000 after buying an additional 44 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Trading Down 0.0 %

Shares of ADSK stock opened at $284.82 on Tuesday. 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, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The stock has a market capitalization of $61.24 billion, a P/E ratio of 56.51, a P/E/G ratio of 3.62 and a beta of 1.42. The firm’s 50 day moving average is $301.35 and its 200 day moving average is $274.58.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the prior year, the firm earned $1.33 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. Research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on 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 owns 30,249 shares in the company, valued at $9,227,759.94. This represents a 1.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on ADSK shares. Macquarie began coverage on shares of Autodesk in a research report on Thursday, December 12th. They issued an “outperform” rating and a $380.00 target price on the stock. Wells Fargo & Company upped their price objective on shares of Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Oppenheimer lifted their target price on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. DA Davidson started coverage on Autodesk in a research note on Friday, September 27th. They issued a “neutral” rating and a $260.00 price target on the stock. Finally, UBS Group initiated coverage on Autodesk in a research note on Monday, December 2nd. They set a “buy” rating and a $350.00 price objective for the company. Nine investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $326.05.

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.