Advyzon Investment Management LLC Buys New Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Advyzon Investment Management LLC purchased a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 742 shares of the software company’s stock, valued at approximately $219,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jag Capital Management LLC acquired a new stake in shares of Autodesk during the 3rd quarter worth about $13,861,000. LMR Partners LLP purchased a new position in Autodesk in the third quarter valued at approximately $12,643,000. Starboard Value LP acquired a new stake in Autodesk during the third quarter worth approximately $510,189,000. China Universal Asset Management Co. Ltd. lifted its position in shares of Autodesk by 196.2% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock worth $2,394,000 after buying an additional 5,365 shares during the last quarter. Finally, Brookstone Capital Management boosted its holdings in shares of Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after buying an additional 26,768 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK opened at $291.02 on Friday. 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’s 50 day moving average is $298.62 and its two-hundred day moving average is $284.86. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The firm has a market capitalization of $62.57 billion, a PE ratio of 57.74, a P/E/G ratio of 3.05 and a beta of 1.43.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Barclays lifted their price target on shares of Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Oppenheimer lifted their target price on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Robert W. Baird upped their target price on Autodesk from $330.00 to $345.00 and gave the company an “outperform” rating in a research report on Wednesday. HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a research report on Friday, November 29th. Finally, UBS Group assumed coverage on Autodesk in a report on Monday, December 2nd. They issued a “buy” rating and a $350.00 price objective for the company. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $334.45.

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.