Catalina Capital Group LLC Invests $235,000 in Autodesk, Inc. (NASDAQ:ADSK)

Catalina Capital Group LLC purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 795 shares of the software company’s stock, valued at approximately $235,000.

Several other hedge funds also recently added to or reduced their stakes in ADSK. Livelsberger Financial Advisory acquired a new position in shares of Autodesk in the 3rd quarter valued at $27,000. Concord Wealth Partners purchased a new stake in Autodesk in the third quarter valued at $28,000. Transcendent Capital Group LLC acquired a new position in Autodesk in the third quarter valued at $28,000. Central Pacific Bank Trust Division purchased a new position in shares of Autodesk during the fourth quarter worth about $37,000. Finally, Wolff Wiese Magana LLC increased its position in shares of Autodesk by 3,625.0% during the third quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock worth $41,000 after purchasing an additional 145 shares in the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on ADSK shares. BMO Capital Markets raised their price target on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Macquarie started coverage on shares of Autodesk in a report on Thursday, December 12th. They issued an “outperform” rating and a $380.00 target price on the stock. Rosenblatt Securities increased their price target on shares of Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Barclays lifted their price objective on shares of Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $280.00 to $400.00 in a report on Tuesday, January 28th. Eight equities 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 stock has a consensus rating of “Moderate Buy” and an average price target of $331.50.

Autodesk Price Performance

ADSK opened at $306.23 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company’s 50-day moving average price is $299.08 and its 200 day moving average price is $279.55. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The firm has a market cap of $65.84 billion, a price-to-earnings ratio of 60.76, a price-to-earnings-growth ratio of 3.67 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the firm posted $1.33 EPS. Autodesk’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.

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.