1,500 Shares in Autodesk, Inc. (NASDAQ:ADSK) Acquired by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC purchased a new position in Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 1,500 shares of the software company’s stock, valued at approximately $443,000.

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

Autodesk Trading Down 2.1 %

Shares of Autodesk stock opened at $285.00 on Friday. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. 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 stock has a market cap of $61.28 billion, a P/E ratio of 56.55, a P/E/G ratio of 3.08 and a beta of 1.43. The stock’s 50 day simple moving average is $298.25 and its 200-day simple moving average is $285.27.

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, topping analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company 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 company posted $1.33 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

ADSK has been the subject of several analyst reports. Morgan Stanley boosted their price objective on Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Rosenblatt Securities upped their price objective on Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $280.00 to $400.00 in a research note on Tuesday, January 28th. 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. Finally, BMO Capital Markets increased their target price on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $334.45.

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.