Synergy Financial Group LTD Sells 183 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Synergy Financial Group LTD lessened its position in Autodesk, Inc. (NASDAQ:ADSK) by 17.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 891 shares of the software company’s stock after selling 183 shares during the period. Synergy Financial Group LTD’s holdings in Autodesk were worth $263,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of ADSK. Golden State Wealth Management LLC bought a new stake in shares of Autodesk in the 4th quarter valued at $25,000. Concord Wealth Partners acquired a new position in Autodesk in the third quarter valued at about $28,000. Transcendent Capital Group LLC bought a new stake in shares of Autodesk in the third quarter worth about $28,000. Tradewinds Capital Management LLC increased its holdings in shares of Autodesk by 100.0% in the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after acquiring an additional 50 shares in the last quarter. Finally, Addison Advisors LLC raised its position in shares of Autodesk by 157.4% during the fourth quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after purchasing an additional 74 shares during the period. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Stock Performance

Shares of ADSK stock opened at $285.26 on Tuesday. The stock has a market cap of $61.33 billion, a P/E ratio of 56.60, a P/E/G ratio of 2.94 and a beta of 1.43. The company has a fifty day moving average price of $297.86 and a two-hundred day moving average price of $286.32. Autodesk, Inc. has a one year low of $195.32 and a one 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.

Autodesk (NASDAQ:ADSK) last posted 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. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. Autodesk’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter last year, the company posted $1.33 earnings per share. As a group, equities analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on ADSK shares. KeyCorp boosted their price objective on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Morgan Stanley increased their price objective on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Wells Fargo & Company boosted their price objective on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Hsbc Global Res cut Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Finally, Robert W. Baird lifted their price target on Autodesk from $330.00 to $345.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus 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.