Advyzon Investment Management LLC Invests $219,000 in Autodesk, Inc. (NASDAQ:ADSK)

Advyzon Investment Management LLC acquired a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, Holdings Channel reports. The firm acquired 742 shares of the software company’s stock, valued at approximately $219,000.

Several other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new stake in Autodesk in the fourth quarter valued at $25,000. Concord Wealth Partners purchased a new stake in shares of Autodesk in the 3rd quarter worth about $28,000. Transcendent Capital Group LLC acquired a new stake in Autodesk in the 3rd quarter valued at about $28,000. Central Pacific Bank Trust Division purchased a new position in Autodesk during the 4th quarter valued at about $37,000. Finally, Sierra Ocean LLC acquired a new position in Autodesk during the fourth quarter worth about $39,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Price Performance

ADSK stock opened at $291.02 on Friday. The company has a market cap of $62.57 billion, a PE ratio of 57.74, a price-to-earnings-growth ratio of 3.05 and a beta of 1.43. 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 has a 50-day moving average price of $298.62 and a two-hundred day moving average price of $284.86. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.05. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company’s revenue 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. As a group, research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on ADSK. Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and increased their price target for the company from $280.00 to $400.00 in a research report on Tuesday, January 28th. Bank of America increased their target price on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday, February 4th. UBS Group began coverage on Autodesk in a report on Monday, December 2nd. They issued a “buy” rating and a $350.00 price target for the company. Wells Fargo & Company increased their price objective on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, Oppenheimer boosted their target price on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and a consensus target price of $334.45.

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.