Allworth Financial LP Buys 86 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Allworth Financial LP increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 10.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 918 shares of the software company’s stock after buying an additional 86 shares during the quarter. Allworth Financial LP’s holdings in Autodesk were worth $277,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jag Capital Management LLC bought a new position in shares of Autodesk during the 3rd quarter worth approximately $13,861,000. LMR Partners LLP bought a new position in shares of Autodesk during the 3rd quarter worth approximately $12,643,000. Starboard Value LP bought a new position in shares of Autodesk during the 3rd quarter worth approximately $510,189,000. China Universal Asset Management Co. Ltd. lifted its position in shares of Autodesk by 196.2% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock worth $2,394,000 after buying an additional 5,365 shares during the period. Finally, Brookstone Capital Management lifted its position in shares of Autodesk by 1,058.9% during the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock worth $8,659,000 after buying an additional 26,768 shares during the period. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 2.1 %

Shares of Autodesk stock opened at $285.00 on Friday. The company has a quick ratio of 0.65, a current 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 business has a fifty day simple moving average of $298.25 and a 200 day simple moving average of $285.27. The stock has a market cap of $61.28 billion, a PE ratio of 56.55, a price-to-earnings-growth ratio of 3.08 and a beta of 1.43.

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

Analyst Ratings Changes

Several equities analysts recently commented on ADSK shares. BMO Capital Markets raised their target price on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Rosenblatt Securities raised their price target on Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Scotiabank assumed coverage on Autodesk in a report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price target for the company. Bank of America raised their price target on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Finally, HSBC cut Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target for the company. in a report on Friday, November 29th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and an average target price of $334.45.

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.