Jacobsen Capital Management Makes New $202,000 Investment in Autodesk, Inc. (NASDAQ:ADSK)

Jacobsen Capital Management acquired a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 682 shares of the software company’s stock, valued at approximately $202,000.

Other large investors also recently modified their holdings of the company. Livelsberger Financial Advisory bought a new position in shares of Autodesk during the third quarter valued at about $27,000. Concord Wealth Partners bought a new position in Autodesk during the 3rd quarter worth approximately $28,000. Transcendent Capital Group LLC bought a new position in Autodesk during the 3rd quarter worth approximately $28,000. Central Pacific Bank Trust Division purchased a new position in Autodesk in the 4th quarter worth approximately $37,000. Finally, Wolff Wiese Magana LLC boosted its stake 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 purchasing an additional 145 shares during the period. 90.24% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the business’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 transaction, the director now owns 30,249 shares in the company, valued at $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.14% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on ADSK shares. Morgan Stanley lifted their target price on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Robert W. Baird increased their target price on shares of Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Barclays raised their target price on Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. BMO Capital Markets upped 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. Finally, Stifel Nicolaus lifted their price objective on Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $331.50.

Autodesk Stock Up 0.4 %

ADSK stock opened at $311.34 on Friday. The business has a 50 day moving average of $299.08 and a 200 day moving average of $279.34. The firm has a market cap of $66.94 billion, a PE ratio of 61.77, a price-to-earnings-growth ratio of 3.59 and a beta of 1.42. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share 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 firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the company earned $1.33 earnings per share. The company’s revenue was up 11.0% on a year-over-year basis. On average, research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Autodesk Company 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.