Y.D. More Investments Ltd Acquires 35 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Y.D. More Investments Ltd grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 1.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,384 shares of the software company’s stock after purchasing an additional 35 shares during the period. Y.D. More Investments Ltd’s holdings in Autodesk were worth $1,000,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Livelsberger Financial Advisory acquired a new stake in shares of Autodesk during the third quarter worth approximately $27,000. Transcendent Capital Group LLC acquired a new stake in Autodesk in the third quarter worth about $28,000. Concord Wealth Partners acquired a new position in Autodesk during the 3rd quarter valued at about $28,000. Central Pacific Bank Trust Division acquired a new stake in shares of Autodesk during the 4th quarter worth approximately $37,000. Finally, Union Savings Bank acquired a new stake in Autodesk during the 4th quarter worth $41,000. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on ADSK shares. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and upped their price target for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Robert W. Baird raised their price objective on shares of Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Bank of America upped their target price on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research note on Tuesday. Morgan Stanley lifted their price target on Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, Macquarie initiated coverage on Autodesk in a report on Thursday, December 12th. They set an “outperform” rating and a $380.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $333.77.

Autodesk Price Performance

Autodesk stock opened at $306.85 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock’s 50 day moving average is $298.81 and its 200-day moving average is $279.99. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a market capitalization of $65.97 billion, a price-to-earnings ratio of 60.88, a PEG ratio of 3.67 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last announced 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 for 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% on a year-over-year basis. During the same period last year, the firm earned $1.33 earnings per share. Equities research 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 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. 0.14% of the stock is currently owned by insiders.

Autodesk Company 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.