Hengehold Capital Management LLC Acquires New Position in Autodesk, Inc. (NASDAQ:ADSK)

Hengehold Capital Management LLC bought a new position in shares of Autodesk, Inc. (NASDAQ:ADSK) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,188 shares of the software company’s stock, valued at approximately $351,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. AE Wealth Management LLC raised its stake in Autodesk by 28.6% in the 2nd quarter. AE Wealth Management LLC now owns 1,328 shares of the software company’s stock valued at $329,000 after purchasing an additional 295 shares during the last quarter. 1832 Asset Management L.P. grew its stake in Autodesk by 34.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,702 shares of the software company’s stock worth $669,000 after acquiring an additional 687 shares during the period. Evergreen Capital Management LLC raised its holdings in Autodesk by 29.6% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,109 shares of the software company’s stock valued at $274,000 after acquiring an additional 253 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Autodesk by 59.9% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 40,968 shares of the software company’s stock worth $10,138,000 after purchasing an additional 15,348 shares during the period. Finally, Drucker Wealth 3.0 LLC acquired a new position in Autodesk in the second quarter valued at $855,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Down 0.1 %

ADSK opened at $301.08 on Friday. The stock’s fifty day moving average is $299.50 and its 200-day moving average is $276.63. The company has a market capitalization of $64.73 billion, a PE ratio of 59.74, a P/E/G ratio of 3.50 and a beta of 1.42. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. 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 (NASDAQ:ADSK) last announced 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. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter in the previous year, the company posted $1.33 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. On average, equities analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the transaction, the director now owns 30,249 shares in the company, valued at $9,227,759.94. This represents a 1.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

ADSK has been the subject of a number of research analyst reports. Morgan Stanley upped their price objective on Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. BMO Capital Markets lifted their price objective on Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research note on Wednesday, November 27th. HSBC downgraded shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price for the company. in a research report on Friday, November 29th. Mizuho boosted their price objective on shares of Autodesk from $260.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Finally, Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Nine research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. Based on data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $326.05.

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.