InTrack Investment Management Inc Purchases 1,194 Shares of Autodesk, Inc. (NASDAQ:ADSK)

InTrack Investment Management Inc raised its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 52.7% during the fourth quarter, Holdings Channel reports. The fund owned 3,458 shares of the software company’s stock after buying an additional 1,194 shares during the period. InTrack Investment Management Inc’s holdings in Autodesk were worth $992,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in ADSK. Merit Financial Group LLC raised its position in Autodesk by 84.2% in the 4th quarter. Merit Financial Group LLC now owns 1,728 shares of the software company’s stock worth $511,000 after purchasing an additional 790 shares during the period. Avanza Fonder AB bought a new position in shares of Autodesk during the fourth quarter valued at about $6,050,000. Procyon Advisors LLC increased its holdings in shares of Autodesk by 1.4% in the fourth quarter. Procyon Advisors LLC now owns 23,371 shares of the software company’s stock worth $6,908,000 after buying an additional 334 shares during the period. Empirical Asset Management LLC bought a new stake in shares of Autodesk in the 4th quarter valued at about $1,355,000. Finally, Bouvel Investment Partners LLC boosted its holdings in Autodesk by 0.5% during the 4th quarter. Bouvel Investment Partners LLC now owns 12,051 shares of the software company’s stock valued at $3,562,000 after acquiring an additional 63 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the transaction, the director now directly owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is currently owned by insiders.

Autodesk Stock Up 0.5 %

ADSK stock opened at $291.45 on Friday. The business’s 50-day moving average price is $300.72 and its 200-day moving average price is $275.07. The stock has a market cap of $62.66 billion, a P/E ratio of 57.83, a PEG ratio of 3.36 and a beta of 1.42. 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, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.05. The business had revenue of $1.57 billion for 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 company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.33 earnings per share. On average, equities research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current year.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several recent research reports. Macquarie assumed coverage on Autodesk in a research report on Thursday, December 12th. They issued an “outperform” rating and a $380.00 price objective for the company. Citigroup increased their price target on shares of 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 boosted their price objective on shares of Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. HSBC lowered shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price for the company. in a report on Friday, November 29th. Finally, Barclays boosted their price target on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Nine investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $326.05.

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.