Manuka Financial LLC Makes New $318,000 Investment in Autodesk, Inc. (NASDAQ:ADSK)

Manuka Financial LLC bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, Holdings Channel.com reports. The fund bought 1,077 shares of the software company’s stock, valued at approximately $318,000.

Several other hedge funds also recently made changes to their positions in ADSK. Livelsberger Financial Advisory bought a new position in Autodesk in the third quarter valued at approximately $27,000. Transcendent Capital Group LLC bought a new position in Autodesk in the third quarter valued at approximately $28,000. Concord Wealth Partners bought a new position in Autodesk in the third quarter valued at approximately $28,000. Central Pacific Bank Trust Division bought a new position in Autodesk in the fourth quarter valued at approximately $37,000. Finally, Union Savings Bank bought a new position in Autodesk in the fourth quarter valued at approximately $41,000. 90.24% of the stock is owned by institutional investors.

Insider Transactions at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.14% of the stock is currently owned by insiders.

Autodesk Price Performance

Shares of NASDAQ ADSK opened at $311.34 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 firm’s 50-day moving average price is $299.08 and its 200-day moving average price is $279.16. The firm has a market capitalization of $66.94 billion, a P/E ratio of 61.77, a P/E/G ratio of 3.59 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 posted its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.12 by $0.05. The company 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 for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 earnings per share. Equities research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analysts Set New Price Targets

ADSK has been the topic of a number of recent analyst reports. Rosenblatt Securities lifted their price objective on shares of Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and boosted their target price for the stock from $280.00 to $400.00 in a research note on Tuesday. Hsbc Global Res cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. BMO Capital Markets boosted their target price on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Finally, Robert W. Baird boosted their target price on shares of Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. 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, the company currently has a consensus rating of “Moderate Buy” and an average target price of $331.50.

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.