J.W. Cole Advisors Inc. Increases Stake in Autodesk, Inc. (NASDAQ:ADSK)

J.W. Cole Advisors Inc. raised its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,614 shares of the software company’s stock after buying an additional 93 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Autodesk were worth $477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the stock. Golden State Wealth Management LLC bought a new position in shares of Autodesk during the 4th quarter valued at approximately $25,000. Concord Wealth Partners bought a new stake in Autodesk in the third quarter worth $28,000. Transcendent Capital Group LLC bought a new stake in Autodesk in the third quarter worth $28,000. Central Pacific Bank Trust Division bought a new stake in Autodesk in the fourth quarter worth $37,000. Finally, Union Savings Bank bought a new stake in Autodesk in the fourth quarter worth $41,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Stock Up 1.1 %

NASDAQ:ADSK opened at $299.06 on Thursday. The firm has a market capitalization of $64.30 billion, a PE ratio of 59.34, a price-to-earnings-growth ratio of 3.12 and a beta of 1.43. The stock has a 50 day moving average of $298.99 and a 200-day moving average of $284.82. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) 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%. The business’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.33 earnings per share. Analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ADSK. KeyCorp raised their price target on Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. BMO Capital Markets raised their price target on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Hsbc Global Res downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Robert W. Baird lifted their target price on Autodesk from $330.00 to $345.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Bank of America lifted their target price on Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.