Avestar Capital LLC Has $782,000 Position in Autodesk, Inc. (NASDAQ:ADSK)

Avestar Capital LLC lifted its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 7.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,645 shares of the software company’s stock after buying an additional 181 shares during the period. Avestar Capital LLC’s holdings in Autodesk were worth $782,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Starboard Value LP purchased a new stake in Autodesk in the 3rd quarter worth about $510,189,000. International Assets Investment Management LLC increased its holdings in shares of Autodesk by 58,375.5% in the 3rd quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company’s stock valued at $1,564,170,000 after purchasing an additional 566,826 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Autodesk by 394.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock worth $156,296,000 after purchasing an additional 452,728 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of Autodesk by 36.5% during the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock worth $413,405,000 after purchasing an additional 387,309 shares during the period. Finally, State Street Corp grew its position in Autodesk by 3.0% during the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after purchasing an additional 288,931 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

NASDAQ ADSK opened at $303.48 on Friday. The stock has a 50-day simple moving average of $299.58 and a 200 day simple moving average of $282.74. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The stock has a market capitalization of $65.25 billion, a PE ratio of 60.21, a P/E/G ratio of 3.17 and a beta of 1.43. 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 issued its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same period in the previous year, the company earned $1.33 earnings per share. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. Research analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. KeyCorp lifted their target price on shares of Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Citigroup lifted their price objective on Autodesk from $358.00 to $361.00 and gave the company a “buy” rating in a research report on Friday, November 29th. BMO Capital Markets upped their target price on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 27th. Rosenblatt Securities raised their price target on Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Finally, Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $333.77.

Autodesk Company 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.