Stratos Wealth Partners LTD. Purchases 59 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Stratos Wealth Partners LTD. boosted its position in Autodesk, Inc. (NASDAQ:ADSK) by 4.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,281 shares of the software company’s stock after acquiring an additional 59 shares during the period. Stratos Wealth Partners LTD.’s holdings in Autodesk were worth $379,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ADSK. CX Institutional increased its position in shares of Autodesk by 7.6% during the third quarter. CX Institutional now owns 1,549 shares of the software company’s stock valued at $427,000 after buying an additional 110 shares during the period. Creative Planning increased its position in shares of Autodesk by 6.3% during the third quarter. Creative Planning now owns 40,030 shares of the software company’s stock valued at $11,028,000 after buying an additional 2,371 shares during the period. Asset Dedication LLC increased its position in shares of Autodesk by 87.9% during the third quarter. Asset Dedication LLC now owns 171 shares of the software company’s stock valued at $47,000 after buying an additional 80 shares during the period. Wolff Wiese Magana LLC increased its position in shares of Autodesk by 3,625.0% during the third quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock valued at $41,000 after buying an additional 145 shares during the period. Finally, Probity Advisors Inc. bought a new stake in shares of Autodesk during the third quarter valued at about $226,000. 90.24% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 30,249 shares of the company’s stock, valued at $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on ADSK shares. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and upped their price target for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Rosenblatt Securities upped their price target on Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Wells Fargo & Company upped their price objective on shares of Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Bank of America upped their price objective on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, Barclays upped their price objective on shares of Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $333.77.

Autodesk Stock Performance

NASDAQ:ADSK opened at $297.28 on Thursday. The firm has a market cap of $63.92 billion, a PE ratio of 58.98, a price-to-earnings-growth ratio of 3.17 and a beta of 1.43. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The business has a 50 day moving average price of $299.71 and a 200-day moving average price of $282.64.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.33 earnings per share. Equities research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

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.