Apollon Wealth Management LLC Raises Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Apollon Wealth Management LLC increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 10.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,906 shares of the software company’s stock after purchasing an additional 832 shares during the period. Apollon Wealth Management LLC’s holdings in Autodesk were worth $2,632,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ADSK. Golden State Wealth Management LLC purchased a new position in shares of Autodesk in the 4th quarter worth about $25,000. Livelsberger Financial Advisory bought a new stake in Autodesk in the 3rd quarter worth approximately $27,000. Concord Wealth Partners purchased a new stake in Autodesk in the third quarter worth approximately $28,000. Transcendent Capital Group LLC bought a new position in Autodesk during the third quarter valued at approximately $28,000. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Autodesk during the fourth quarter worth approximately $37,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Price Performance

ADSK opened at $301.15 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market cap of $64.75 billion, a price-to-earnings ratio of 59.75, a price-to-earnings-growth ratio of 3.17 and a beta of 1.43. The stock has a fifty day simple moving average of $299.53 and a two-hundred day simple moving average of $281.48. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62.

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

Insider Buying and Selling at Autodesk

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

Analyst Ratings Changes

ADSK has been the subject of a number of research reports. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Morgan Stanley upped their price target on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Citigroup lifted their price objective on Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a report on Friday, November 29th. UBS Group began coverage on Autodesk in a report on Monday, December 2nd. They set a “buy” rating and a $350.00 target price for the company. Finally, Rosenblatt Securities raised their price target on Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $333.77.

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.