Goldstein Advisors LLC Purchases 46 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Goldstein Advisors LLC raised its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 790 shares of the software company’s stock after buying an additional 46 shares during the quarter. Goldstein Advisors LLC’s holdings in Autodesk were worth $234,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of ADSK. Livelsberger Financial Advisory acquired a new stake in shares of Autodesk in the 3rd quarter worth about $27,000. Concord Wealth Partners purchased a new stake in shares of Autodesk during the 3rd quarter worth approximately $28,000. Transcendent Capital Group LLC purchased a new stake in shares of Autodesk during the 3rd quarter worth approximately $28,000. Central Pacific Bank Trust Division purchased a new stake in shares of Autodesk during the 4th quarter worth approximately $37,000. Finally, Wolff Wiese Magana LLC boosted its holdings in Autodesk by 3,625.0% in the 3rd 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. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $301.45 on Thursday. The firm has a fifty day moving average price of $299.50 and a 200-day moving average price of $276.63. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $64.81 billion, a PE ratio of 59.81, a price-to-earnings-growth ratio of 3.50 and a beta of 1.42. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62.

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

Analysts Set New Price Targets

Several research firms recently commented on ADSK. Oppenheimer raised their price objective on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Wells Fargo & Company raised their price target on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. KeyCorp raised their price target on shares of Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Morgan Stanley raised their price target on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and raised their price target for the company from $311.00 to $357.00 in a report on Wednesday, January 8th. Nine research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average price target of $326.05.

Insider Activity

In other Autodesk 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 transaction, the director now owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.14% of the company’s stock.

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.