GAMMA Investing LLC Raises Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

GAMMA Investing LLC boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 14.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,327 shares of the software company’s stock after acquiring an additional 674 shares during the period. GAMMA Investing LLC’s holdings in Autodesk were worth $1,575,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of ADSK. Livelsberger Financial Advisory acquired a new position in shares of Autodesk during the third quarter valued at about $27,000. Transcendent Capital Group LLC purchased a new stake in Autodesk during the 3rd quarter worth approximately $28,000. Concord Wealth Partners acquired a new position in Autodesk during the 3rd quarter valued at approximately $28,000. ANTIPODES PARTNERS Ltd purchased a new position in shares of Autodesk in the second quarter worth $36,000. Finally, Wolff Wiese Magana LLC lifted its stake 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 currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Wells Fargo & Company upped their target price on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Morgan Stanley increased their price objective on Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. UBS Group started coverage on Autodesk in a research report on Monday, December 2nd. They issued a “buy” rating and a $350.00 target price on the stock. Barclays raised their price target on shares of Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Oppenheimer upped their price objective on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Ten research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $323.95.

Autodesk Stock Up 0.3 %

ADSK opened at $294.06 on Friday. The company has a market cap of $63.22 billion, a PE ratio of 58.35, a price-to-earnings-growth ratio of 3.62 and a beta of 1.43. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The company has a 50-day moving average price of $300.74 and a 200 day moving average price of $271.76. 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 (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. The business had revenue of $1.57 billion during 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 prior year, the firm earned $1.33 earnings per share. Sell-side analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’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 completion of the sale, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is currently owned by company 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.