Appleton Partners Inc. MA Has $7.34 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Appleton Partners Inc. MA increased its position in Autodesk, Inc. (NASDAQ:ADSK) by 2.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,817 shares of the software company’s stock after buying an additional 479 shares during the period. Appleton Partners Inc. MA’s holdings in Autodesk were worth $7,335,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Starboard Value LP bought a new stake in shares of Autodesk during the 3rd quarter worth about $510,189,000. International Assets Investment Management LLC lifted its holdings in Autodesk by 58,375.5% in the 3rd quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company’s stock worth $1,564,170,000 after purchasing an additional 566,826 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in Autodesk by 394.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock worth $156,296,000 after purchasing an additional 452,728 shares during the period. Franklin Resources Inc. grew its holdings in Autodesk by 36.5% during the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock valued at $413,405,000 after purchasing an additional 387,309 shares during the last quarter. Finally, State Street Corp raised its position in shares of Autodesk by 3.0% in the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after purchasing an additional 288,931 shares during the period. Institutional investors own 90.24% of the company’s stock.

Autodesk Stock Down 2.1 %

Shares of NASDAQ ADSK opened at $301.15 on Friday. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The business has a fifty day moving average of $299.35 and a two-hundred day moving average of $280.85. The stock has a market cap of $64.75 billion, a PE ratio of 59.75, a PEG ratio of 3.67 and a beta of 1.43.

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

Insider Transactions at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk 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 transaction, the director now owns 30,249 shares in the company, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ADSK shares. Citigroup upped their price objective on shares of Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a report on Friday, November 29th. Wells Fargo & Company lifted their price objective on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Stifel Nicolaus increased their target price on Autodesk from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. UBS Group initiated coverage on Autodesk in a research report on Monday, December 2nd. They issued a “buy” rating and a $350.00 price target on the stock. Finally, Oppenheimer increased their price objective on Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $333.77.

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.