Bfsg LLC Has $44,000 Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Bfsg LLC raised its stake in Autodesk, Inc. (NASDAQ:ADSK) by 58.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149 shares of the software company’s stock after buying an additional 55 shares during the period. Bfsg LLC’s holdings in Autodesk were worth $44,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk during the 4th quarter valued at $25,000. Concord Wealth Partners bought a new position in Autodesk in the third quarter valued at about $28,000. Transcendent Capital Group LLC bought a new position in Autodesk in the third quarter valued at about $28,000. Central Pacific Bank Trust Division acquired a new stake in shares of Autodesk during the fourth quarter valued at about $37,000. Finally, Sierra Ocean LLC bought a new stake in shares of Autodesk during the fourth quarter worth about $39,000. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Morgan Stanley boosted their price objective 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. UBS Group initiated coverage on Autodesk in a research report on Monday, December 2nd. They set a “buy” rating and a $350.00 target price for the company. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and upped their price target for the company from $280.00 to $400.00 in a research report on Tuesday, January 28th. Finally, Wells Fargo & Company increased their price target on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. 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.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $334.45.

Autodesk Trading Up 1.1 %

NASDAQ ADSK opened at $299.06 on Thursday. 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, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The business has a 50 day moving average price of $298.99 and a 200-day moving average price of $284.82. The company has a market cap of $64.30 billion, a price-to-earnings ratio of 59.34, a P/E/G ratio of 3.12 and a beta of 1.43.

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