Patron Partners LLC Raises Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Patron Partners LLC increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 5.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,054 shares of the software company’s stock after acquiring an additional 215 shares during the period. Patron Partners LLC’s holdings in Autodesk were worth $1,198,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ADSK. Livelsberger Financial Advisory bought a new position in shares of Autodesk in the third quarter worth approximately $27,000. Concord Wealth Partners bought a new position in shares of Autodesk in the third quarter worth about $28,000. Transcendent Capital Group LLC bought a new stake in shares of Autodesk during the third quarter valued at approximately $28,000. Central Pacific Bank Trust Division purchased a new stake in shares of Autodesk in the 4th quarter worth $37,000. Finally, Wolff Wiese Magana LLC grew its holdings in Autodesk by 3,625.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock worth $41,000 after acquiring an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of NASDAQ:ADSK opened at $306.23 on Tuesday. 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. The stock has a market capitalization of $65.84 billion, a PE ratio of 60.76, a PEG ratio of 3.67 and a beta of 1.43. The firm has a 50 day moving average of $299.08 and a 200-day moving average of $279.55.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. The company 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 company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $1.33 earnings per share. On average, equities research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Stifel Nicolaus raised 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. BMO Capital Markets upped their target price on Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. HSBC cut Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price for the company. in a research note on Friday, November 29th. Oppenheimer increased their target price on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Finally, Robert W. Baird raised their target price on Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $331.50.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the transaction, the director now owns 30,249 shares in the company, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.14% of the company’s stock.

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.