Howard Capital Management Inc. Has $1.76 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Howard Capital Management Inc. grew its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 3.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,961 shares of the software company’s stock after purchasing an additional 193 shares during the quarter. Howard Capital Management Inc.’s holdings in Autodesk were worth $1,762,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in Autodesk in the fourth quarter valued at approximately $25,000. Concord Wealth Partners acquired a new position in Autodesk during the third quarter worth $28,000. Transcendent Capital Group LLC acquired a new position in Autodesk during the 3rd quarter valued at about $28,000. Tradewinds Capital Management LLC boosted its stake in Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after purchasing an additional 50 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in Autodesk during the 4th quarter valued at about $37,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Stock Performance

Shares of ADSK stock opened at $285.00 on Monday. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The company has a market capitalization of $61.28 billion, a price-to-earnings ratio of 56.55, a price-to-earnings-growth ratio of 3.00 and a beta of 1.43. The company’s 50-day moving average is $298.25 and its 200 day moving average is $286.00. 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 released its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the firm posted $1.33 earnings per share. Autodesk’s revenue was up 11.0% compared to the same quarter last year. Sell-side analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ADSK. BMO Capital Markets increased their price target on Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $280.00 to $400.00 in a report on Tuesday, January 28th. Citigroup raised their price target on shares of Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. Robert W. Baird boosted their target price on shares of Autodesk from $330.00 to $345.00 and gave the company an “outperform” rating in a report on Wednesday, February 19th. Finally, UBS Group assumed coverage on Autodesk in a report on Monday, December 2nd. They issued a “buy” rating and a $350.00 price target for the company. 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, Autodesk has an average rating of “Moderate Buy” and a consensus price target 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.