Alliance Wealth Advisors LLC UT Buys 1,082 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Alliance Wealth Advisors LLC UT increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 110.3% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,063 shares of the software company’s stock after purchasing an additional 1,082 shares during the quarter. Alliance Wealth Advisors LLC UT’s holdings in Autodesk were worth $610,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in ADSK. Livelsberger Financial Advisory acquired a new stake in Autodesk in the third quarter valued at $27,000. Transcendent Capital Group LLC acquired a new stake in Autodesk in the 3rd quarter valued at about $28,000. Concord Wealth Partners bought a new position in Autodesk during the third quarter worth about $28,000. Central Pacific Bank Trust Division bought a new position in Autodesk during the fourth quarter worth about $37,000. Finally, Union Savings Bank bought a new stake in Autodesk in the fourth quarter valued at approximately $41,000. 90.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on ADSK shares. Barclays lifted their target price on Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Macquarie initiated coverage on shares of Autodesk in a report on Thursday, December 12th. They issued an “outperform” rating and a $380.00 price objective on the stock. Robert W. Baird increased their price objective on shares of Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. UBS Group started coverage on shares of Autodesk in a report on Monday, December 2nd. They set a “buy” rating and a $350.00 target price for the company. Finally, Oppenheimer increased their price target on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $333.77.

Autodesk Price Performance

Autodesk stock opened at $306.85 on Wednesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The stock has a market capitalization of $65.97 billion, a P/E ratio of 60.88, a price-to-earnings-growth ratio of 3.67 and a beta of 1.43. The stock has a fifty day moving average of $298.81 and a 200-day moving average of $279.99.

Autodesk (NASDAQ:ADSK) last posted its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. The firm 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 business’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.33 earnings per share. On average, sell-side analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’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 sale, the director now owns 30,249 shares of the company’s stock, valued at $9,227,759.94. This trade represents a 1.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

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.