R Squared Ltd Purchases Shares of 540 Autodesk, Inc. (NASDAQ:ADSK)

R Squared Ltd acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 540 shares of the software company’s stock, valued at approximately $160,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Marshall Financial Group LLC lifted its holdings in Autodesk by 0.8% during the 3rd quarter. Marshall Financial Group LLC now owns 4,491 shares of the software company’s stock valued at $1,237,000 after purchasing an additional 35 shares during the last quarter. Mount Yale Investment Advisors LLC raised its stake in shares of Autodesk by 1.9% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock valued at $551,000 after acquiring an additional 35 shares during the last quarter. Grove Bank & Trust boosted its holdings in shares of Autodesk by 9.2% in the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock worth $130,000 after acquiring an additional 37 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. grew its position in Autodesk by 11.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock worth $106,000 after acquiring an additional 38 shares during the last quarter. Finally, Avitas Wealth Management LLC increased its holdings in Autodesk by 0.8% during the 3rd quarter. Avitas Wealth Management LLC now owns 5,577 shares of the software company’s stock valued at $1,536,000 after purchasing an additional 42 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the sale, the director now directly owns 30,249 shares in the company, valued at $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research firms have commented on ADSK. BMO Capital Markets boosted their price objective on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. Stifel Nicolaus upped their target price on shares of Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Morgan Stanley increased their price target on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and boosted their price objective for the stock from $280.00 to $400.00 in a research report on Tuesday. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $331.50.

Autodesk Stock Down 1.9 %

Shares of NASDAQ ADSK opened at $304.17 on Thursday. The firm has a 50 day moving average price of $299.46 and a 200 day moving average price of $278.36. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $65.40 billion, a P/E ratio of 60.35, a P/E/G ratio of 3.55 and a beta of 1.42. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results 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. 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%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.33 EPS. Analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

Autodesk 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.