Autodesk, Inc. (NASDAQ:ADSK) Shares Purchased by Merit Financial Group LLC

Merit Financial Group LLC boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 84.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,728 shares of the software company’s stock after buying an additional 790 shares during the period. Merit Financial Group LLC’s holdings in Autodesk were worth $511,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in ADSK. Livelsberger Financial Advisory acquired a new position in shares of Autodesk during the 3rd quarter valued at about $27,000. Concord Wealth Partners purchased a new position in Autodesk during the third quarter worth about $28,000. Transcendent Capital Group LLC acquired a new position in Autodesk in the 3rd quarter valued at about $28,000. Central Pacific Bank Trust Division purchased a new stake in shares of Autodesk in the 4th quarter valued at approximately $37,000. Finally, Wolff Wiese Magana LLC increased its holdings in shares of Autodesk by 3,625.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock worth $41,000 after buying an additional 145 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were 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 in the company, valued at $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by company insiders.

Autodesk Stock Performance

Shares of ADSK opened at $301.08 on Friday. The stock has a 50-day simple moving average of $299.50 and a 200-day simple moving average of $276.63. 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, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The stock has a market capitalization of $64.73 billion, a PE ratio of 59.74, a PEG ratio of 3.50 and a beta of 1.42.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.12 by $0.05. The company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.33 EPS. On average, analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on ADSK shares. DA Davidson began coverage on Autodesk in a report on Friday, September 27th. They issued a “neutral” rating and a $260.00 price objective on the stock. HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a research note on Friday, November 29th. Robert W. Baird boosted their price objective on shares of Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Stifel Nicolaus upped their target price on shares of Autodesk from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Scotiabank started coverage on shares of Autodesk in a research report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price target for the company. Nine investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $326.05.

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.