Marks Group Wealth Management Inc Boosts Stake in Autodesk, Inc. (NASDAQ:ADSK)

Marks Group Wealth Management Inc lifted its stake in Autodesk, Inc. (NASDAQ:ADSK) by 3.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,439 shares of the software company’s stock after purchasing an additional 314 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Autodesk were worth $2,298,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Rakuten Securities Inc. purchased a new stake in Autodesk in the 4th quarter worth $28,000. AdvisorNet Financial Inc lifted its holdings in shares of Autodesk by 67.1% in the 4th quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock valued at $35,000 after acquiring an additional 57 shares during the last quarter. Operose Advisors LLC bought a new stake in Autodesk in the third quarter worth about $35,000. Anchor Investment Management LLC bought a new stake in Autodesk in the fourth quarter worth about $41,000. Finally, Newbridge Financial Services Group Inc. lifted its stake in Autodesk by 61.3% in the third quarter. Newbridge Financial Services Group Inc. now owns 179 shares of the software company’s stock worth $37,000 after purchasing an additional 68 shares during the last quarter. 90.24% of the stock is owned by institutional investors.

Insider Activity

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $264.74, for a total transaction of $145,607.00. Following the completion of the sale, the director now directly owns 38,766 shares of the company’s stock, valued at approximately $10,262,910.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Mary T. Mcdowell sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $275.00, for a total transaction of $1,375,000.00. Following the completion of the transaction, the director now directly owns 33,766 shares of the company’s stock, valued at approximately $9,285,650. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $264.74, for a total transaction of $145,607.00. Following the transaction, the director now owns 38,766 shares of the company’s stock, valued at approximately $10,262,910.84. The disclosure for this sale can be found here. In the last quarter, insiders have sold 36,166 shares of company stock worth $9,465,055. Corporate insiders own 0.14% of the company’s stock.

Autodesk Trading Up 0.6 %

Shares of ADSK traded up $1.22 during midday trading on Tuesday, hitting $218.35. The stock had a trading volume of 619,311 shares, compared to its average volume of 1,436,093. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23. The firm has a market cap of $46.71 billion, a P/E ratio of 51.57, a price-to-earnings-growth ratio of 2.98 and a beta of 1.43. The business has a 50-day simple moving average of $250.96 and a two-hundred day simple moving average of $235.48. Autodesk, Inc. has a fifty-two week low of $188.38 and a fifty-two week high of $279.53.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, beating the consensus estimate of $1.95 by $0.14. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. During the same quarter last year, the firm earned $1.26 earnings per share. As a group, equities analysts forecast that Autodesk, Inc. will post 5.38 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ADSK. Mizuho lifted their price objective on shares of Autodesk from $220.00 to $270.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $316.00 price objective on shares of Autodesk in a research report on Friday, April 12th. Barclays boosted their target price on shares of Autodesk from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. StockNews.com raised shares of Autodesk from a “buy” rating to a “strong-buy” rating in a research note on Thursday, April 18th. Finally, The Goldman Sachs Group boosted their target price on shares of Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $272.44.

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.