Global Retirement Partners LLC Buys 103 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Global Retirement Partners LLC increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,083 shares of the software company’s stock after purchasing an additional 103 shares during the period. Global Retirement Partners LLC’s holdings in Autodesk were worth $1,798,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADSK. Bigelow Investment Advisors LLC increased its holdings in Autodesk by 3.3% in the 4th quarter. Bigelow Investment Advisors LLC now owns 1,435 shares of the software company’s stock valued at $424,000 after buying an additional 46 shares during the period. Bank of Jackson Hole Trust acquired a new stake in shares of Autodesk during the 4th quarter worth approximately $51,000. New York State Common Retirement Fund increased its stake in Autodesk by 0.5% in the fourth quarter. New York State Common Retirement Fund now owns 314,207 shares of the software company’s stock valued at $92,870,000 after acquiring an additional 1,454 shares during the last quarter. Kentucky Retirement Systems Insurance Trust Fund raised its position in Autodesk by 25.2% during the fourth quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 7,989 shares of the software company’s stock valued at $2,361,000 after purchasing an additional 1,610 shares in the last quarter. Finally, Bfsg LLC lifted its stake in Autodesk by 58.5% during the fourth quarter. Bfsg LLC now owns 149 shares of the software company’s stock worth $44,000 after purchasing an additional 55 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ADSK. Hsbc Global Res lowered Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. Rosenblatt Securities lifted their target price 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 increased their target price on shares of Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Citigroup lifted their price target on shares of Autodesk from $358.00 to $361.00 and gave the company a “buy” rating in a report on Friday, November 29th. Finally, Mizuho upgraded shares of Autodesk from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $334.45.

Autodesk Stock Down 2.7 %

Shares of NASDAQ ADSK opened at $291.02 on Friday. The company’s 50 day moving average price is $298.62 and its 200-day moving average price is $284.86. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a market capitalization of $62.57 billion, a P/E ratio of 57.74, a price-to-earnings-growth ratio of 3.05 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last released its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating 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 business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the business earned $1.33 earnings per share. Autodesk’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Autodesk 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.