Autodesk, Inc. (NASDAQ:ADSK) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 14.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,327 shares of the software company’s stock after purchasing an additional 674 shares during the quarter. GAMMA Investing LLC’s holdings in Autodesk were worth $1,575,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Livelsberger Financial Advisory purchased a new position in Autodesk during the third quarter worth about $27,000. Concord Wealth Partners acquired a new position in shares of Autodesk in the 3rd quarter worth approximately $28,000. Transcendent Capital Group LLC purchased a new position in shares of Autodesk during the 3rd quarter worth approximately $28,000. ANTIPODES PARTNERS Ltd acquired a new position in Autodesk during the second quarter worth $36,000. Finally, Wolff Wiese Magana LLC boosted its position in shares of Autodesk by 3,625.0% during the third quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock worth $41,000 after buying an additional 145 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Autodesk

In other 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 value of $167,783.00. Following the transaction, the director now directly owns 30,249 shares of the company’s stock, valued at $9,227,759.94. The trade was a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is owned by company insiders.

Autodesk Trading Up 0.3 %

NASDAQ ADSK opened at $294.06 on Friday. The firm’s fifty day moving average price is $300.74 and its 200 day moving average price is $271.76. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month 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 company has a market capitalization of $63.22 billion, a price-to-earnings ratio of 58.35, a price-to-earnings-growth ratio of 3.62 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.33 earnings per share. On average, sell-side analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. HSBC downgraded Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective on the stock. in a report on Friday, November 29th. KeyCorp increased their price target on shares of Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Wells Fargo & Company lifted their price objective on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Morgan Stanley increased their target price on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Rosenblatt Securities upped their price objective on Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $323.95.

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.