Concurrent Investment Advisors LLC Purchases 127 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Concurrent Investment Advisors LLC raised its position in Autodesk, Inc. (NASDAQ:ADSK) by 4.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,705 shares of the software company’s stock after acquiring an additional 127 shares during the period. Concurrent Investment Advisors LLC’s holdings in Autodesk were worth $800,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Golden State Wealth Management LLC purchased a new stake in shares of Autodesk during the 4th quarter valued at $25,000. Transcendent Capital Group LLC acquired a new position in Autodesk during the 3rd quarter valued at about $28,000. Concord Wealth Partners acquired a new position in Autodesk during the 3rd quarter valued at about $28,000. Central Pacific Bank Trust Division purchased a new stake in Autodesk in the fourth quarter valued at about $37,000. Finally, Sierra Ocean LLC acquired a new stake in Autodesk in the fourth quarter worth about $39,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Trading Down 2.1 %

Autodesk stock opened at $285.00 on Monday. 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 has a market cap of $61.28 billion, a PE ratio of 56.55, a P/E/G ratio of 3.00 and a beta of 1.43. The stock’s 50 day simple moving average is $298.25 and its two-hundred day simple moving average is $286.00. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month 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 analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the prior year, the firm posted $1.33 earnings per share. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several recent analyst reports. Macquarie initiated coverage on shares of Autodesk in a report on Thursday, December 12th. They set an “outperform” rating and a $380.00 price objective on the stock. HSBC lowered shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a research note on Friday, November 29th. Rosenblatt Securities lifted their price objective on shares of Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Scotiabank began coverage on Autodesk in a research report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 target price on the stock. Finally, Hsbc Global Res cut Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company 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.