Boomfish Wealth Group LLC Has $941,000 Position in Autodesk, Inc. (NASDAQ:ADSK)

Boomfish Wealth Group LLC cut its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 3,184 shares of the software company’s stock after selling 120 shares during the quarter. Boomfish Wealth Group LLC’s holdings in Autodesk were worth $941,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Jag Capital Management LLC bought a new position in shares of Autodesk in the 3rd quarter worth $13,861,000. LMR Partners LLP acquired a new position in Autodesk in the third quarter valued at about $12,643,000. Starboard Value LP bought a new position in Autodesk during the third quarter worth about $510,189,000. Erste Asset Management GmbH acquired a new position in shares of Autodesk during the 3rd quarter worth about $20,087,000. Finally, Brookstone Capital Management increased its stake in shares of Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after acquiring an additional 26,768 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Up 1.9 %

Autodesk stock opened at $309.95 on Friday. 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’s 50-day moving average is $299.38 and its 200-day moving average is $278.54. The firm has a market capitalization of $66.64 billion, a PE ratio of 61.50, a P/E/G ratio of 3.55 and a beta of 1.42. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62.

Autodesk (NASDAQ:ADSK) last issued 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 return on equity of 53.87% and a net margin of 18.30%. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 EPS. Sell-side analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insider Buying and Selling at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the business’s 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 completion of the sale, the director now directly owns 30,249 shares in the company, valued at $9,227,759.94. The trade was a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ADSK shares. Macquarie started coverage on shares of Autodesk in a report on Thursday, December 12th. They set an “outperform” rating and a $380.00 price objective for the company. Barclays boosted their price target on shares of Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Morgan Stanley raised their price objective on Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Finally, Rosenblatt Securities raised their price target on Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Autodesk currently has an average rating of “Moderate Buy” and a consensus target price of $331.50.

Autodesk Profile

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.