Carolina Wealth Advisors LLC Buys 614 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Carolina Wealth Advisors LLC grew its stake in Autodesk, Inc. (NASDAQ:ADSK) by 277.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 835 shares of the software company’s stock after purchasing an additional 614 shares during the period. Carolina Wealth Advisors LLC’s holdings in Autodesk were worth $247,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. Outlook Wealth Advisors LLC increased its position in shares of Autodesk by 4.1% in the 4th quarter. Outlook Wealth Advisors LLC now owns 1,578 shares of the software company’s stock valued at $466,000 after buying an additional 62 shares in the last quarter. USA Financial Formulas bought a new position in Autodesk during the 4th quarter worth about $1,295,000. Sagace Wealth Management LLC bought a new position in shares of Autodesk in the 4th quarter valued at about $220,000. Sendero Wealth Management LLC grew its holdings in shares of Autodesk by 3.6% in the 4th quarter. Sendero Wealth Management LLC now owns 12,455 shares of the software company’s stock valued at $3,681,000 after acquiring an additional 429 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its stake in Autodesk by 11.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock valued at $106,000 after purchasing an additional 38 shares during the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Up 1.4 %

ADSK stock opened at $290.94 on Thursday. The firm has a 50 day moving average of $301.26 and a 200 day moving average of $274.86. The stock has a market capitalization of $62.55 billion, a PE ratio of 57.73, a price-to-earnings-growth ratio of 3.62 and a beta of 1.42. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62.

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

Analyst Ratings Changes

Several brokerages have issued reports on ADSK. Rosenblatt Securities raised their price objective 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. UBS Group started coverage on shares of Autodesk in a research note on Monday, December 2nd. They issued a “buy” rating and a $350.00 price objective on the stock. Oppenheimer boosted their target price on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Morgan Stanley boosted their target price on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, Stifel Nicolaus boosted their price objective on shares of Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Nine research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and a consensus target price of $326.05.

Insiders Place Their Bets

In other 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 transaction of $167,783.00. Following the transaction, the director now 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

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.