Eads & Heald Wealth Management Has $1.26 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Eads & Heald Wealth Management increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 27.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,270 shares of the software company’s stock after acquiring an additional 929 shares during the period. Eads & Heald Wealth Management’s holdings in Autodesk were worth $1,262,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. AE Wealth Management LLC raised its holdings in shares of Autodesk by 28.6% during the 2nd quarter. AE Wealth Management LLC now owns 1,328 shares of the software company’s stock valued at $329,000 after purchasing an additional 295 shares in the last quarter. Pacer Advisors Inc. raised its holdings in Autodesk by 2.7% during the second quarter. Pacer Advisors Inc. now owns 36,780 shares of the software company’s stock valued at $9,101,000 after buying an additional 978 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Autodesk by 8.3% during the 2nd quarter. Thrivent Financial for Lutherans now owns 89,481 shares of the software company’s stock worth $22,142,000 after acquiring an additional 6,871 shares in the last quarter. Frank Rimerman Advisors LLC increased its holdings in shares of Autodesk by 32,863.6% during the 2nd quarter. Frank Rimerman Advisors LLC now owns 3,626 shares of the software company’s stock valued at $897,000 after acquiring an additional 3,615 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its stake in shares of Autodesk by 34.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,702 shares of the software company’s stock valued at $669,000 after acquiring an additional 687 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on ADSK shares. KeyCorp increased their price target on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Morgan Stanley lifted their target price on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Rosenblatt Securities upped their price target on shares of Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price objective on the stock. in a research note on Friday, November 29th. Finally, Mizuho increased their target price on Autodesk from $260.00 to $280.00 and gave the company a “neutral” rating in a research note on Wednesday, November 27th. Nine equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $326.05.

Autodesk Stock Up 1.9 %

Shares of ADSK opened at $296.91 on Wednesday. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $299.99 and a two-hundred day moving average price of $276.11. The stock has a market cap of $63.84 billion, a price-to-earnings ratio of 58.91, a P/E/G ratio of 3.44 and a beta of 1.42. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the firm earned $1.33 EPS. Autodesk’s quarterly revenue was up 11.0% on a year-over-year basis. Equities analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the transaction, the director now directly 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is 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.