Copperwynd Financial LLC grew its stake in shares of Autodesk, Inc. (NASDAQ:ADSK – Get Rating) by 32.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,789 shares of the software company’s stock after buying an additional 681 shares during the quarter. Copperwynd Financial LLC’s holdings in Autodesk were worth $598,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of ADSK. Tudor Investment Corp Et Al boosted its position in Autodesk by 763.4% during the third quarter. Tudor Investment Corp Et Al now owns 18,080 shares of the software company’s stock valued at $5,156,000 after acquiring an additional 15,986 shares during the last quarter. Cetera Advisors LLC raised its holdings in shares of Autodesk by 5.9% in the 3rd quarter. Cetera Advisors LLC now owns 1,253 shares of the software company’s stock worth $357,000 after acquiring an additional 70 shares during the last quarter. Moors & Cabot Inc. acquired a new stake in shares of Autodesk in the 3rd quarter worth about $210,000. Harbor Investment Advisory LLC increased its stake in Autodesk by 76.5% in the 4th quarter. Harbor Investment Advisory LLC now owns 120 shares of the software company’s stock valued at $34,000 after buying an additional 52 shares during the last quarter. Finally, Brookstone Capital Management purchased a new stake in Autodesk in the 4th quarter valued at about $230,000. 89.55% of the stock is currently owned by hedge funds and other institutional investors.
ADSK has been the topic of a number of recent research reports. TheStreet cut Autodesk from a “b-” rating to a “c+” rating in a research report on Tuesday, March 8th. Morgan Stanley decreased their target price on Autodesk from $258.00 to $245.00 and set an “equal weight” rating on the stock in a research note on Friday, May 27th. KeyCorp decreased their target price on Autodesk from $260.00 to $250.00 and set an “overweight” rating on the stock in a research note on Friday, May 27th. Deutsche Bank Aktiengesellschaft lowered Autodesk from a “buy” rating to a “hold” rating and reduced their price objective for the company from $275.00 to $225.00 in a research report on Monday, May 23rd. Finally, Mizuho reiterated a “buy” rating and set a $250.00 price objective on shares of Autodesk in a research report on Friday, May 27th. One analyst has rated the stock with a sell rating, three have issued a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $263.74.
NASDAQ ADSK opened at $171.96 on Friday. The company has a market cap of $37.36 billion, a PE ratio of 78.16 and a beta of 1.43. Autodesk, Inc. has a 52-week low of $163.20 and a 52-week high of $344.39. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.62 and a current ratio of 0.62. The firm’s 50 day moving average price is $189.13 and its 200-day moving average price is $217.80.
Autodesk (NASDAQ:ADSK – Get Rating) last released its earnings results on Thursday, May 26th. The software company reported $1.43 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.09. Autodesk had a return on equity of 68.41% and a net margin of 10.67%. The business had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.15 billion. During the same quarter last year, the business posted $1.03 earnings per share. The business’s quarterly revenue was up 18.3% compared to the same quarter last year. On average, analysts forecast that Autodesk, Inc. will post 3.97 earnings per share for the current fiscal year.
Autodesk Company Profile (Get Rating)
Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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.
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