Patriot Financial Group Insurance Agency LLC Has $680,000 Position in Autodesk, Inc. (NASDAQ:ADSK)

Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,301 shares of the software company’s stock after acquiring an additional 129 shares during the quarter. Patriot Financial Group Insurance Agency LLC’s holdings in Autodesk were worth $680,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Livelsberger Financial Advisory bought a new position in shares of Autodesk during the 3rd quarter valued at $27,000. Concord Wealth Partners bought a new stake in Autodesk in the third quarter worth $28,000. Transcendent Capital Group LLC acquired a new position in Autodesk during the third quarter worth $28,000. Central Pacific Bank Trust Division bought a new position in Autodesk during the fourth quarter valued at about $37,000. Finally, Wolff Wiese Magana LLC lifted its position 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 worth $41,000 after buying an additional 145 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Performance

NASDAQ ADSK opened at $309.93 on Wednesday. The stock has a market cap of $66.63 billion, a P/E ratio of 61.49, a PEG ratio of 3.55 and a beta of 1.42. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The company’s 50-day simple moving average is $299.36 and its 200 day simple moving average is $277.96.

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

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of analyst reports. BMO Capital Markets increased their price objective on Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. Morgan Stanley boosted their price objective on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. HSBC lowered shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price on the stock. in a research note on Friday, November 29th. Citigroup boosted their target price on shares of Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a research report on Friday, November 29th. Finally, Oppenheimer raised their price target on Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $331.50.

Insider Activity

In other news, Director Mary T. Mcdowell sold 550 shares of the business’s 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 transaction, the director now directly owns 30,249 shares of the company’s stock, valued at $9,227,759.94. The trade was a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is owned by corporate insiders.

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.