Beacon Financial Group Has $346,000 Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Beacon Financial Group lowered its stake in Autodesk, Inc. (NASDAQ:ADSK) by 5.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,171 shares of the software company’s stock after selling 66 shares during the quarter. Beacon Financial Group’s holdings in Autodesk were worth $346,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in ADSK. Golden State Wealth Management LLC acquired a new position in Autodesk in the fourth quarter valued at about $25,000. Livelsberger Financial Advisory bought a new stake in shares of Autodesk in the 3rd quarter valued at about $27,000. Transcendent Capital Group LLC acquired a new stake in shares of Autodesk in the 3rd quarter valued at approximately $28,000. Concord Wealth Partners bought a new position in Autodesk during the 3rd quarter worth approximately $28,000. Finally, Central Pacific Bank Trust Division acquired a new position in Autodesk during the fourth quarter valued at approximately $37,000. 90.24% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ADSK has been the topic of several analyst reports. Scotiabank initiated 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. 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. Robert W. Baird boosted their target price on Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. BMO Capital Markets raised their price target on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Finally, HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective for the company. in a research report on Friday, November 29th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $333.77.

Autodesk Stock Down 0.8 %

NASDAQ ADSK opened at $297.28 on Thursday. The business has a fifty day moving average price of $299.71 and a two-hundred day moving average price of $282.64. The stock has a market capitalization of $63.92 billion, a PE ratio of 58.98, a PEG ratio of 3.17 and a beta of 1.43. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week 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.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data 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. The business 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%. Autodesk’s revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm posted $1.33 earnings per share. Equities analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated 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 owns 30,249 shares of the company’s stock, 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. 0.14% of the stock is currently owned by insiders.

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.