Everhart Financial Group Inc. Acquires 98 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Everhart Financial Group Inc. boosted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 6.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,702 shares of the software company’s stock after buying an additional 98 shares during the period. Everhart Financial Group Inc.’s holdings in Autodesk were worth $503,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of Autodesk during the 4th quarter valued at $25,000. Livelsberger Financial Advisory bought a new position in shares of Autodesk during the 3rd quarter valued at $27,000. Transcendent Capital Group LLC bought a new position in shares of Autodesk during the 3rd quarter valued at $28,000. Concord Wealth Partners bought a new position in shares of Autodesk during the 3rd quarter valued at $28,000. Finally, Central Pacific Bank Trust Division bought a new position in shares of Autodesk during the 4th quarter valued at $37,000. 90.24% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on ADSK. Oppenheimer increased their price target on Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, November 22nd. Hsbc Global Res cut Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. KeyCorp raised their target price on Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. UBS Group initiated coverage on Autodesk in a report on Monday, December 2nd. They issued a “buy” rating and a $350.00 target price on the stock. Finally, Piper Sandler raised Autodesk from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. Eight 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 stock has a consensus rating of “Moderate Buy” and an average price target of $333.77.

Autodesk Trading Down 0.3 %

Shares of Autodesk stock opened at $302.72 on Monday. The firm has a market cap of $65.08 billion, a price-to-earnings ratio of 60.06, a PEG ratio of 3.17 and a beta of 1.43. The business has a 50-day moving average price of $299.44 and a 200-day moving average price of $283.58. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

Autodesk (NASDAQ:ADSK) last released its quarterly 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 during 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 firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the business posted $1.33 earnings per share. Equities research analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

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.