Milestone Asset Management LLC Invests $220,000 in Autodesk, Inc. (NASDAQ:ADSK)

Milestone Asset Management LLC bought a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 743 shares of the software company’s stock, valued at approximately $220,000.

Several other hedge funds also recently bought and sold shares of ADSK. Algert Global LLC purchased a new stake in shares of Autodesk during the second quarter worth about $579,000. NewEdge Advisors LLC grew its holdings in Autodesk by 4.4% during the 2nd quarter. NewEdge Advisors LLC now owns 14,023 shares of the software company’s stock valued at $3,470,000 after buying an additional 590 shares in the last quarter. EP Wealth Advisors LLC raised its position in shares of Autodesk by 202.8% during the second quarter. EP Wealth Advisors LLC now owns 2,353 shares of the software company’s stock valued at $582,000 after buying an additional 1,576 shares during the last quarter. Coronation Fund Managers Ltd. lifted its holdings in shares of Autodesk by 96.8% in the second quarter. Coronation Fund Managers Ltd. now owns 9,785 shares of the software company’s stock worth $2,421,000 after buying an additional 4,813 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of Autodesk during the second quarter worth $11,499,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 1.9 %

Shares of ADSK opened at $309.95 on Friday. The firm has a fifty day moving average price of $299.38 and a 200-day moving average price of $278.54. 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 firm has a market capitalization of $66.64 billion, a P/E ratio of 61.50, a P/E/G ratio of 3.55 and a beta of 1.42. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data 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 analysts’ expectations of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $1.33 EPS. Equities research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insider Buying and Selling 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 stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the transaction, the director now directly owns 30,249 shares in the company, valued at $9,227,759.94. The trade was a 1.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on ADSK. Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Rosenblatt Securities lifted their target price on Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. UBS Group began coverage on Autodesk in a report on Monday, December 2nd. They set a “buy” rating and a $350.00 price target for the company. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $280.00 to $400.00 in a research note on Tuesday. Finally, KeyCorp increased their target price on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $331.50.

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.