Autodesk, Inc. (NASDAQ:ADSK) Position Increased by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,157 shares of the software company’s stock after buying an additional 63 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in Autodesk were worth $342,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in ADSK. Czech National Bank boosted its stake in Autodesk by 7.7% in the 3rd quarter. Czech National Bank now owns 43,888 shares of the software company’s stock worth $12,090,000 after purchasing an additional 3,125 shares during the period. Atomi Financial Group Inc. raised its holdings in shares of Autodesk by 95.6% during the 3rd quarter. Atomi Financial Group Inc. now owns 2,077 shares of the software company’s stock valued at $572,000 after purchasing an additional 1,015 shares in the last quarter. Marcum Wealth LLC grew its stake in Autodesk by 6.6% in the 3rd quarter. Marcum Wealth LLC now owns 1,247 shares of the software company’s stock valued at $344,000 after buying an additional 77 shares during the last quarter. Wedmont Private Capital grew its stake in Autodesk by 3.1% in the 3rd quarter. Wedmont Private Capital now owns 3,446 shares of the software company’s stock valued at $921,000 after buying an additional 104 shares during the last quarter. Finally, Patten Group Inc. grew its stake in Autodesk by 4.5% in the 3rd quarter. Patten Group Inc. now owns 6,223 shares of the software company’s stock valued at $1,714,000 after buying an additional 270 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors.

Autodesk Trading Down 1.2 %

Shares of ADSK stock opened at $307.70 on Friday. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The company has a market capitalization of $66.16 billion, a P/E ratio of 61.05, a P/E/G ratio of 3.67 and a beta of 1.43. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a 50-day moving average price of $299.01 and a 200 day moving average price of $280.66.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the firm posted $1.33 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. Research analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on ADSK shares. Bank of America raised their target price on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday. Hsbc Global Res lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Rosenblatt Securities raised their price target on shares of Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. HSBC lowered shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a research report on Friday, November 29th. Finally, Oppenheimer raised their price target on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $333.77.

Insiders Place Their Bets

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were 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 approximately $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.14% of the company’s stock.

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.