10,058 Shares in Autodesk, Inc. (NASDAQ:ADSK) Bought by Strategic Financial Concepts LLC

Strategic Financial Concepts LLC purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 10,058 shares of the software company’s stock, valued at approximately $2,973,000.

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

Autodesk Trading Down 0.3 %

NASDAQ:ADSK opened at $302.72 on Monday. 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’s 50 day simple moving average is $299.44 and its 200-day simple moving average is $283.58. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The firm has a market cap of $65.08 billion, a P/E ratio of 60.06, a PEG ratio of 3.17 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the previous year, the company posted $1.33 EPS. Autodesk’s revenue was up 11.0% compared to the same quarter last year. Equities analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Morgan Stanley raised their price target on Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Oppenheimer raised their target price on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Robert W. Baird upped their price target on Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Barclays raised their price objective on shares of Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Finally, Bank of America upped their target price on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average price target of $333.77.

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.