Principal Securities Inc. Buys 2,012 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Principal Securities Inc. lifted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 15.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,046 shares of the software company’s stock after purchasing an additional 2,012 shares during the period. Principal Securities Inc.’s holdings in Autodesk were worth $4,447,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

Several analysts recently commented on ADSK shares. Stifel Nicolaus lifted their target price on shares of Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. HSBC downgraded Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target for the company. in a research note on Friday, November 29th. Robert W. Baird increased their price objective on Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Oppenheimer boosted their target price on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Friday, November 22nd. Finally, KeyCorp raised their price target on shares of Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $333.77.

Autodesk Trading Down 0.3 %

Shares of Autodesk stock opened at $302.72 on Monday. The firm has a market capitalization of $65.08 billion, a PE ratio of 60.06, a price-to-earnings-growth ratio of 3.17 and a beta of 1.43. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm’s 50 day moving average is $299.44 and its 200 day moving average is $283.58. 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 results 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 during the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the business earned $1.33 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities research analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

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.