Empirical Asset Management LLC Purchases Shares of 4,584 Autodesk, Inc. (NASDAQ:ADSK)

Empirical Asset Management LLC acquired a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,584 shares of the software company’s stock, valued at approximately $1,355,000.

Other hedge funds have also recently made changes to their positions in the company. Livelsberger Financial Advisory bought a new position in Autodesk in the 3rd quarter valued at about $27,000. Concord Wealth Partners bought a new stake in Autodesk during the 3rd quarter worth approximately $28,000. Transcendent Capital Group LLC purchased a new stake in shares of Autodesk in the third quarter worth approximately $28,000. Central Pacific Bank Trust Division bought a new position in shares of Autodesk in the fourth quarter valued at approximately $37,000. Finally, Wolff Wiese Magana LLC boosted 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 valued at $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.

Analysts Set New Price Targets

ADSK has been the topic of several recent analyst reports. DA Davidson started coverage on Autodesk in a research note on Friday, September 27th. They set a “neutral” rating and a $260.00 price objective on the stock. Hsbc Global Res cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. UBS Group initiated coverage on Autodesk in a research note on Monday, December 2nd. They issued a “buy” rating and a $350.00 target price on the stock. Mizuho lifted their price target on Autodesk from $260.00 to $280.00 and gave the stock a “neutral” rating in a report on Wednesday, November 27th. Finally, Wells Fargo & Company boosted their price objective on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Nine analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.05.

Autodesk Trading Up 0.5 %

NASDAQ:ADSK opened at $291.45 on Friday. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The stock’s fifty day moving average price is $300.72 and its two-hundred day moving average price is $275.07. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The company has a market cap of $62.66 billion, a P/E ratio of 57.83, a P/E/G ratio of 3.36 and a beta of 1.42.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data 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 for 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%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.33 EPS. As a group, analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction 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 sale, the director now owns 30,249 shares in the company, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible 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.