Soltis Investment Advisors LLC Buys 13,584 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Soltis Investment Advisors LLC lifted its position in Autodesk, Inc. (NASDAQ:ADSK) by 438.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,684 shares of the software company’s stock after purchasing an additional 13,584 shares during the quarter. Soltis Investment Advisors LLC’s holdings in Autodesk were worth $4,931,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Livforsakringsbolaget Skandia Omsesidigt increased its stake in shares of Autodesk by 755.2% in the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 3,686 shares of the software company’s stock valued at $1,015,000 after buying an additional 3,255 shares in the last quarter. InTrack Investment Management Inc lifted its position in shares of Autodesk by 3.4% during the third quarter. InTrack Investment Management Inc now owns 2,264 shares of the software company’s stock worth $624,000 after purchasing an additional 75 shares in the last quarter. Carnegie Investment Counsel increased its holdings in shares of Autodesk by 1.1% in the third quarter. Carnegie Investment Counsel now owns 24,229 shares of the software company’s stock valued at $6,675,000 after purchasing an additional 259 shares in the last quarter. CHICAGO TRUST Co NA bought a new position in Autodesk in the 3rd quarter valued at $827,000. Finally, Crestmont Private Wealth LLC increased its stake in shares of Autodesk by 7.1% in the 3rd quarter. Crestmont Private Wealth LLC now owns 1,477 shares of the software company’s stock valued at $407,000 after buying an additional 98 shares during the period. 90.24% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction on Friday, November 15th. The stock was 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 approximately $9,227,759.94. This represents a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.14% of the company’s stock.

Autodesk Trading Down 2.1 %

Shares of ADSK stock opened at $301.15 on Monday. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The firm has a 50 day moving average price of $299.53 and a two-hundred day moving average price of $281.48. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $64.75 billion, a PE ratio of 59.75, a price-to-earnings-growth ratio of 3.17 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data 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 return on equity of 53.87% and a net margin of 18.30%. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the firm posted $1.33 EPS. The company’s revenue for the quarter 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 year.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several recent research reports. Morgan Stanley raised their price target on Autodesk from $320.00 to $375.00 and gave the company 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 stock a “buy” rating in a research report on Friday, November 29th. Barclays upped their target price on shares of Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Bank of America boosted their target price on Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, Scotiabank started coverage on Autodesk in a report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 target price on the stock. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $333.77.

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.