FCG Investment Co Purchases 218 Shares of Autodesk, Inc. (NASDAQ:ADSK)

FCG Investment Co grew its position in Autodesk, Inc. (NASDAQ:ADSK) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,163 shares of the software company’s stock after acquiring an additional 218 shares during the quarter. FCG Investment Co’s holdings in Autodesk were worth $1,230,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ADSK. Marshall Financial Group LLC lifted its stake in Autodesk by 0.8% in the third quarter. Marshall Financial Group LLC now owns 4,491 shares of the software company’s stock worth $1,237,000 after purchasing an additional 35 shares during the last quarter. Grove Bank & Trust lifted its stake in shares of Autodesk by 9.2% during the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock worth $130,000 after acquiring an additional 37 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. lifted its stake in shares of Autodesk by 11.9% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock worth $106,000 after acquiring an additional 38 shares during the last quarter. Avitas Wealth Management LLC grew its position in Autodesk by 0.8% in the 3rd quarter. Avitas Wealth Management LLC now owns 5,577 shares of the software company’s stock valued at $1,536,000 after acquiring an additional 42 shares during the last quarter. Finally, CHICAGO TRUST Co NA grew its position in Autodesk by 1.4% in the 4th quarter. CHICAGO TRUST Co NA now owns 3,045 shares of the software company’s stock valued at $900,000 after acquiring an additional 42 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Price Performance

Shares of ADSK opened at $301.08 on Friday. The company has a 50 day moving average of $299.50 and a two-hundred day moving average of $276.63. 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 twelve month low of $195.32 and a twelve month high of $326.62. The company has a market cap of $64.73 billion, a price-to-earnings ratio of 59.74, a price-to-earnings-growth ratio of 3.50 and a beta of 1.42.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $1.56 billion. During the same quarter last year, the firm earned $1.33 EPS. The business’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

ADSK has been the subject of a number of recent analyst reports. Morgan Stanley boosted their target price on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. DA Davidson began coverage on shares of Autodesk in a research report on Friday, September 27th. They set a “neutral” rating and a $260.00 target price on the stock. Macquarie started coverage on Autodesk in a report on Thursday, December 12th. They issued an “outperform” rating and a $380.00 price target for the company. Citigroup raised 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. Finally, Robert W. Baird upped their target price on Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $326.05.

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 shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the sale, the director now directly owns 30,249 shares of the company’s stock, valued at $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.14% of the company’s stock.

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.