1,500 Shares in Autodesk, Inc. (NASDAQ:ADSK) Purchased by Paradigm Asset Management Co. LLC

Paradigm Asset Management Co. LLC bought a new stake in Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, Holdings Channel.com reports. The fund bought 1,500 shares of the software company’s stock, valued at approximately $443,000.

Several other institutional investors and hedge funds have also recently modified their holdings of ADSK. Golden State Wealth Management LLC acquired a new stake in Autodesk during the 4th quarter worth approximately $25,000. Transcendent Capital Group LLC purchased a new stake in shares of Autodesk during the third quarter worth $28,000. Concord Wealth Partners purchased a new stake in shares of Autodesk during the third quarter worth $28,000. Central Pacific Bank Trust Division acquired a new stake in shares of Autodesk in the fourth quarter valued at $37,000. Finally, Sierra Ocean LLC purchased a new position in Autodesk in the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Rosenblatt Securities upped their price target on Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Morgan Stanley raised their target price on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. 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 report on Wednesday. Scotiabank initiated coverage on shares of Autodesk in a research report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 price objective on the stock. Finally, Stifel Nicolaus lifted their price objective on shares of Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $334.45.

Autodesk Stock Down 2.1 %

Shares of NASDAQ:ADSK opened at $285.00 on Friday. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a market cap of $61.28 billion, a P/E ratio of 56.55, a P/E/G ratio of 3.08 and a beta of 1.43. The firm has a fifty day moving average price of $298.25 and a 200 day moving average price of $285.27.

Autodesk (NASDAQ:ADSK) last announced its earnings results 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 business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.33 earnings per share. Sell-side analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

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.