One Wealth Capital Management LLC Invests $264,000 in Autodesk, Inc. (NASDAQ:ADSK)

One Wealth Capital Management LLC acquired a new position in Autodesk, Inc. (NASDAQ:ADSK) in the fourth quarter, Holdings Channel reports. The firm acquired 893 shares of the software company’s stock, valued at approximately $264,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Livelsberger Financial Advisory acquired a new stake in Autodesk during the 3rd quarter worth about $27,000. Concord Wealth Partners purchased a new position in Autodesk during the third quarter valued at approximately $28,000. Transcendent Capital Group LLC acquired a new position in Autodesk in the 3rd quarter valued at approximately $28,000. Central Pacific Bank Trust Division purchased a new stake 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 3rd quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock valued at $41,000 after buying an additional 145 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Performance

Shares of Autodesk stock traded down $2.95 during midday trading on Tuesday, hitting $289.56. The company had a trading volume of 563,113 shares, compared to its average volume of 973,981. The stock has a market cap of $62.26 billion, a PE ratio of 57.45, a P/E/G ratio of 3.62 and a beta of 1.42. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The business’s 50 day simple moving average is $301.02 and its two-hundred day simple moving average is $272.87. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter in the previous year, the firm posted $1.33 EPS. The business’s revenue was up 11.0% compared to the same quarter last year. As a group, equities analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction on Friday, November 15th. The shares were 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 of the company’s stock, valued at $9,227,759.94. The trade was a 1.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.14% of the company’s stock.

Wall Street Analysts Forecast Growth

ADSK has been the subject of several recent research reports. Oppenheimer increased their price objective on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Scotiabank started coverage on Autodesk in a research note on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price target for the company. Wells Fargo & Company boosted 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. Morgan Stanley raised their price objective 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. Finally, Stifel Nicolaus boosted their target price on shares of Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Ten research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, Autodesk presently has an average rating of “Moderate Buy” and a consensus target price of $323.95.

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.