Mission Wealth Management LP Acquires 98 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Mission Wealth Management LP boosted its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,460 shares of the software company’s stock after buying an additional 98 shares during the period. Mission Wealth Management LP’s holdings in Autodesk were worth $635,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADSK. TPG Group Holdings SBS Advisors Inc. purchased a new stake in shares of Autodesk during the 3rd quarter valued at $120,766,000. Disciplined Growth Investors Inc. MN boosted its stake in shares of Autodesk by 2.5% in the third quarter. Disciplined Growth Investors Inc. MN now owns 899,963 shares of the software company’s stock valued at $132,925,000 after purchasing an additional 21,585 shares during the period. Man Group plc boosted its position in Autodesk by 108.9% in the 3rd quarter. Man Group plc now owns 53,771 shares of the software company’s stock valued at $7,942,000 after buying an additional 28,030 shares during the last quarter. Calamos Advisors LLC boosted its holdings in Autodesk by 9.5% in the third quarter. Calamos Advisors LLC now owns 53,720 shares of the software company’s stock valued at $7,934,000 after purchasing an additional 4,664 shares during the last quarter. Finally, Sunbelt Securities Inc. purchased a new position in shares of Autodesk during the 3rd quarter valued at approximately $219,000. 95.00% of the stock is currently owned by institutional investors and hedge funds.

Autodesk stock opened at $195.84 on Wednesday. Autodesk, Inc. has a 1-year low of $129.70 and a 1-year high of $197.55. The firm’s fifty day simple moving average is $185.13 and its 200-day simple moving average is $162.29. The company has a market capitalization of $42.54 billion, a P/E ratio of 296.73, a P/E/G ratio of 3.47 and a beta of 1.89.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 26th. The software company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.06. Autodesk had a negative return on equity of 113.06% and a net margin of 4.74%. The firm had revenue of $842.70 million during the quarter, compared to the consensus estimate of $823.95 million. During the same quarter in the prior year, the company earned $0.29 EPS. The firm’s revenue for the quarter was up 27.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Autodesk, Inc. will post 1.47 EPS for the current year.

In related news, SVP Carmel Galvin sold 4,994 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $185.00, for a total value of $923,890.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.12% of the stock is currently owned by corporate insiders.

Several equities research analysts recently weighed in on ADSK shares. Mizuho increased their price objective on shares of Autodesk from $190.00 to $195.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. Wells Fargo & Co upped their target price on shares of Autodesk from $200.00 to $240.00 and gave the stock an “overweight” rating in a research report on Thursday, January 16th. ValuEngine lowered shares of Autodesk from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Barclays lifted their price target on Autodesk from $173.00 to $195.00 and gave the company an “overweight” rating in a report on Wednesday, November 27th. Finally, Argus boosted their price objective on Autodesk to $200.00 and gave the stock a “buy” rating in a research report on Tuesday, December 3rd. Four equities research analysts have rated the stock with a sell rating, seven have given a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $191.18.

Autodesk Profile

Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; AutoCAD LT, a professional drafting and detailing software; BIM 360, a construction management cloud-based 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 software products for professionals in architecture, engineering and construction, product design and manufacturing, and media and entertainment industries.

Featured Article: How Do You Calculate Return on Equity (ROE)?

Want to see what other hedge funds are holding ADSK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Autodesk, Inc. (NASDAQ:ADSK).

Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

Receive News & Ratings for Autodesk Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Autodesk and related companies with MarketBeat.com's FREE daily email newsletter.