J.W. Cole Advisors Inc. Has $477,000 Holdings in Autodesk, Inc. (NASDAQ:ADSK)

J.W. Cole Advisors Inc. increased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,614 shares of the software company’s stock after buying an additional 93 shares during the period. J.W. Cole Advisors Inc.’s holdings in Autodesk were worth $477,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC bought a new position in Autodesk in the 4th quarter worth $25,000. Transcendent Capital Group LLC acquired a new stake in shares of Autodesk during the 3rd quarter valued at about $28,000. Concord Wealth Partners acquired a new stake in shares of Autodesk during the 3rd quarter valued at about $28,000. Central Pacific Bank Trust Division acquired a new stake in shares of Autodesk during the 4th quarter valued at about $37,000. Finally, Union Savings Bank acquired a new position in Autodesk in the fourth quarter valued at about $41,000. Institutional investors own 90.24% of the company’s stock.

Autodesk Trading Up 1.1 %

Shares of ADSK opened at $299.06 on Thursday. The business’s 50-day moving average price is $298.99 and its 200-day moving average price is $284.82. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The stock has a market cap of $64.30 billion, a PE ratio of 59.34, a P/E/G ratio of 3.12 and a beta of 1.43. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.05. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the business earned $1.33 earnings per share. On average, equities analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have commented on ADSK. Rosenblatt Securities boosted their price target on shares of Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Stifel Nicolaus boosted their price target on shares of Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Robert W. Baird boosted their price target on shares of Autodesk from $330.00 to $345.00 and gave the stock an “outperform” rating in a research note on Wednesday. Morgan Stanley upped their target price on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Finally, Barclays upped their target price on shares of Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.