Lake Street Advisors Group LLC Raises Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Lake Street Advisors Group LLC increased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 11.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,081 shares of the software company’s stock after purchasing an additional 213 shares during the period. Lake Street Advisors Group LLC’s holdings in Autodesk were worth $615,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mount Yale Investment Advisors LLC raised its holdings in shares of Autodesk by 1.9% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock worth $551,000 after acquiring an additional 35 shares during the last quarter. Y.D. More Investments Ltd raised its stake in Autodesk by 1.0% in the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock valued at $1,000,000 after purchasing an additional 35 shares during the last quarter. Grove Bank & Trust lifted its holdings in Autodesk by 9.2% in the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after purchasing an additional 37 shares in the last quarter. Journey Strategic Wealth LLC boosted its stake in shares of Autodesk by 4.6% during the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock worth $247,000 after purchasing an additional 37 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of Autodesk by 11.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock worth $106,000 after buying an additional 38 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

ADSK has been the topic of several recent analyst reports. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Citigroup decreased their price objective on Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a report on Thursday. HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price for the company. in a research note on Friday, November 29th. Wells Fargo & Company raised their price target on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, Bank of America upped their price objective on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and a consensus target price of $333.45.

Autodesk Price Performance

ADSK stock opened at $282.35 on Friday. The stock has a 50-day simple moving average of $297.11 and a 200-day simple moving average of $286.59. The firm has a market cap of $60.71 billion, a P/E ratio of 56.02, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62.

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, beating the consensus estimate of $2.12 by $0.05. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. Autodesk’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the company earned $1.33 earnings per share. On average, equities analysts predict that Autodesk, Inc. will post 5.76 earnings per share 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.