Waterfront Wealth Inc. Purchases 114 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Waterfront Wealth Inc. boosted its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,945 shares of the software company’s stock after acquiring an additional 114 shares during the period. Waterfront Wealth Inc.’s holdings in Autodesk were worth $961,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rakuten Securities Inc. acquired a new stake in Autodesk during the fourth quarter valued at approximately $28,000. First Manhattan Co. boosted its holdings in Autodesk by 342.9% during the first quarter. First Manhattan Co. now owns 155 shares of the software company’s stock valued at $33,000 after purchasing an additional 120 shares in the last quarter. Operose Advisors LLC acquired a new stake in Autodesk during the third quarter valued at approximately $35,000. AdvisorNet Financial Inc boosted its holdings in Autodesk by 67.1% during the fourth quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock valued at $35,000 after purchasing an additional 57 shares in the last quarter. Finally, Carolinas Wealth Consulting LLC boosted its holdings in Autodesk by 140.6% during the first quarter. Carolinas Wealth Consulting LLC now owns 166 shares of the software company’s stock valued at $35,000 after purchasing an additional 97 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Autodesk Trading Down 3.9 %

Shares of Autodesk stock traded down $8.44 on Thursday, hitting $206.48. 496,383 shares of the company’s stock traded hands, compared to its average volume of 1,362,015. The firm’s 50-day moving average price is $253.88 and its two-hundred day moving average price is $235.09. The stock has a market capitalization of $44.17 billion, a PE ratio of 51.05, a price-to-earnings-growth ratio of 3.14 and a beta of 1.43. Autodesk, Inc. has a one year low of $188.38 and a one year high of $279.53. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75.

Autodesk (NASDAQ:ADSK) last issued its earnings results on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, beating the consensus estimate of $1.95 by $0.14. The company had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The business’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.26 EPS. On average, research analysts expect that Autodesk, Inc. will post 5.38 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Stacy J. Smith sold 7,554 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $244.00, for a total transaction of $1,843,176.00. Following the completion of the sale, the director now owns 19,934 shares in the company, valued at approximately $4,863,896. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Stacy J. Smith sold 7,554 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $244.00, for a total value of $1,843,176.00. Following the completion of the sale, the director now owns 19,934 shares in the company, valued at approximately $4,863,896. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Mary T. Mcdowell sold 2,500 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the sale, the director now owns 39,316 shares of the company’s stock, valued at approximately $9,829,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,220 shares of company stock worth $11,933,231. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of recent research reports. Citigroup lifted their price objective on Autodesk from $276.00 to $307.00 and gave the company a “buy” rating in a report on Monday, February 26th. BMO Capital Markets boosted their target price on Autodesk from $232.00 to $293.00 and gave the stock a “market perform” rating in a report on Friday, March 1st. TheStreet raised Autodesk from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Oppenheimer boosted their target price on Autodesk from $265.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Finally, Mizuho boosted their target price on Autodesk from $220.00 to $270.00 and gave the stock a “neutral” rating in a report on Friday, March 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $272.44.

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.