795 Shares in Autodesk, Inc. (NASDAQ:ADSK) Acquired by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC purchased a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 795 shares of the software company’s stock, valued at approximately $235,000.

Several other large investors also recently made changes to their positions in the stock. Jag Capital Management LLC acquired a new position in Autodesk in the 3rd quarter worth $13,861,000. LMR Partners LLP bought a new stake in shares of Autodesk in the third quarter valued at about $12,643,000. Starboard Value LP acquired a new position in shares of Autodesk during the third quarter worth about $510,189,000. Erste Asset Management GmbH bought a new position in shares of Autodesk during the third quarter worth about $20,087,000. Finally, Brookstone Capital Management raised its position in Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after buying an additional 26,768 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ADSK. Morgan Stanley raised their price target on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Scotiabank began coverage on shares of Autodesk in a research report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 target price for the company. UBS Group started coverage on shares of Autodesk in a research note on Monday, December 2nd. They issued a “buy” rating and a $350.00 price target on the stock. Citigroup increased their price objective on shares of Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. Finally, KeyCorp raised their price target on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $326.05.

Autodesk Stock Performance

NASDAQ:ADSK opened at $296.91 on Wednesday. The stock has a 50 day simple moving average of $299.99 and a 200 day simple moving average of $276.11. The stock has a market cap of $63.84 billion, a P/E ratio of 58.91, a PEG ratio of 3.44 and a beta of 1.42. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year 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 posted its earnings results 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 during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the firm earned $1.33 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. Research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

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.