Venturi Wealth Management LLC Has $2.56 Million Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Venturi Wealth Management LLC increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 204.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,658 shares of the software company’s stock after acquiring an additional 5,810 shares during the quarter. Venturi Wealth Management LLC’s holdings in Autodesk were worth $2,559,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of Autodesk in the 4th quarter valued at $25,000. Livelsberger Financial Advisory bought a new position in Autodesk during the third quarter worth about $27,000. Concord Wealth Partners acquired a new position in Autodesk in the third quarter valued at about $28,000. Transcendent Capital Group LLC acquired a new position in Autodesk in the third quarter valued at about $28,000. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Autodesk in the fourth quarter worth about $37,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Down 0.3 %

Shares of NASDAQ:ADSK opened at $302.72 on Tuesday. The company has a market capitalization of $65.08 billion, a P/E ratio of 60.06, a P/E/G ratio of 3.17 and a beta of 1.43. 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 business’s 50 day simple moving average is $299.44 and its 200 day simple moving average is $283.83. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62.

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ADSK. Hsbc Global Res lowered Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Oppenheimer lifted their price target 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. Bank of America increased their price objective on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. KeyCorp boosted their price objective on shares of Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Finally, Rosenblatt Securities increased their target price on Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $333.77.

About Autodesk

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.