Simon Quick Advisors LLC Purchases Shares of 696 Autodesk, Inc. (NASDAQ:ADSK)

Simon Quick Advisors LLC bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 696 shares of the software company’s stock, valued at approximately $206,000.

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

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ADSK. Macquarie assumed coverage on shares of Autodesk in a research note on Thursday, December 12th. They set an “outperform” rating and a $380.00 target price for the company. Barclays raised their price objective 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. UBS Group assumed coverage on Autodesk in a research note on Monday, December 2nd. They set a “buy” rating and a $350.00 target price on the stock. Robert W. Baird lifted their price target on Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Finally, Hsbc Global Res lowered Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Nine investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $326.05.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the sale, the director now owns 30,249 shares of the company’s stock, valued at $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

Autodesk Stock Down 0.1 %

ADSK stock opened at $300.83 on Friday. The firm has a 50-day moving average price of $299.39 and a 200-day moving average price of $276.80. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $64.68 billion, a P/E ratio of 59.69, a price-to-earnings-growth ratio of 3.55 and a beta of 1.42.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.12 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.33 EPS. As a group, equities research analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

About Autodesk

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.