Range Financial Group LLC Purchases Shares of 934 Autodesk, Inc. (NASDAQ:ADSK)

Range Financial Group LLC acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 934 shares of the software company’s stock, valued at approximately $276,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADSK. Livelsberger Financial Advisory purchased a new position in Autodesk in the 3rd quarter worth about $27,000. Transcendent Capital Group LLC acquired a new position in shares of Autodesk in the third quarter worth about $28,000. Concord Wealth Partners purchased a new position in shares of Autodesk in the third quarter worth approximately $28,000. Central Pacific Bank Trust Division acquired a new stake in shares of Autodesk during the fourth quarter valued at approximately $37,000. Finally, Wolff Wiese Magana LLC lifted its position in shares of Autodesk by 3,625.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock valued at $41,000 after acquiring an additional 145 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Down 0.6 %

Shares of ADSK stock opened at $290.82 on Wednesday. The company has a market capitalization of $62.53 billion, a price-to-earnings ratio of 57.70, a PEG ratio of 3.62 and a beta of 1.42. 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’s 50 day simple moving average is $301.04 and its 200 day simple moving average is $273.21. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

Autodesk (NASDAQ:ADSK) last released its quarterly 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 company had revenue of $1.57 billion for 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 company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.33 earnings per share. As a group, research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on ADSK shares. Oppenheimer lifted their price objective on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. BMO Capital Markets upped their price target on Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. UBS Group started coverage on Autodesk in a research report on Monday, December 2nd. They set a “buy” rating and a $350.00 price objective for the company. Rosenblatt Securities upped their target price on Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Stifel Nicolaus raised their price target on shares of Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Ten analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $323.95.

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.