Simon Quick Advisors LLC Makes New $206,000 Investment in Autodesk, Inc. (NASDAQ:ADSK)

Simon Quick Advisors LLC acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 696 shares of the software company’s stock, valued at approximately $206,000.

Several other large investors also recently modified their holdings of ADSK. AE Wealth Management LLC increased its holdings in Autodesk by 28.6% in the second quarter. AE Wealth Management LLC now owns 1,328 shares of the software company’s stock worth $329,000 after purchasing an additional 295 shares in the last quarter. 1832 Asset Management L.P. boosted its holdings in Autodesk by 34.1% in the second quarter. 1832 Asset Management L.P. now owns 2,702 shares of the software company’s stock worth $669,000 after acquiring an additional 687 shares in the last quarter. Evergreen Capital Management LLC grew its stake in Autodesk by 29.6% in the second quarter. Evergreen Capital Management LLC now owns 1,109 shares of the software company’s stock valued at $274,000 after acquiring an additional 253 shares during the period. MBB Public Markets I LLC bought a new stake in shares of Autodesk during the second quarter valued at approximately $3,583,000. Finally, Maverick Capital Ltd. acquired a new position in shares of Autodesk during the second quarter worth approximately $1,437,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the transaction, the director now directly owns 30,249 shares of the company’s stock, valued at $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by company insiders.

Autodesk Stock Performance

Shares of ADSK opened at $300.83 on Friday. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. 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 stock’s fifty day moving average price is $299.39 and its two-hundred day moving average price is $276.80. The firm has a market cap of $64.68 billion, a PE ratio of 59.69, a PEG ratio of 3.55 and a beta of 1.42.

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

Analysts Set New Price Targets

Several research firms recently issued reports on ADSK. Morgan Stanley boosted their price target on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Scotiabank began coverage on shares of Autodesk in a report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 target price on the stock. Wells Fargo & Company lifted their price target on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Stifel Nicolaus increased their price objective on Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Citigroup upped their price target on Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a report on Friday, November 29th. 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 stock presently has a consensus rating of “Moderate Buy” and an average target price 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.