Boston Financial Mangement LLC Acquires 460 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Boston Financial Mangement LLC lifted its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 32.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,858 shares of the software company’s stock after purchasing an additional 460 shares during the period. Boston Financial Mangement LLC’s holdings in Autodesk were worth $549,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of Autodesk during the 4th quarter valued at $25,000. Transcendent Capital Group LLC bought a new position in shares of Autodesk during the 3rd quarter valued at $28,000. Concord Wealth Partners bought a new position in shares of Autodesk during the 3rd quarter valued at $28,000. Central Pacific Bank Trust Division bought a new stake in Autodesk in the 4th quarter worth $37,000. Finally, Sierra Ocean LLC bought a new stake in Autodesk in the 4th quarter worth $39,000. Institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Bank of America raised their price target on shares of Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a report on Tuesday, February 4th. HSBC lowered shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a report on Friday, November 29th. Scotiabank assumed coverage on shares of Autodesk in a report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 price target on the stock. BMO Capital Markets raised their price target on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Finally, UBS Group assumed coverage on shares of Autodesk in a report on Monday, December 2nd. They issued a “buy” rating and a $350.00 price target on the stock. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $334.45.

Autodesk Trading Down 2.7 %

Shares of NASDAQ ADSK opened at $291.02 on Friday. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The stock has a market cap 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. The firm has a 50-day moving average of $298.62 and a 200 day moving average of $284.86. 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 issued its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (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 company had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the company posted $1.33 EPS. Autodesk’s revenue was up 11.0% on a year-over-year basis. As a group, sell-side analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

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.