Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Rovin Capital UT ADV

Rovin Capital UT ADV decreased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 52.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,352 shares of the software company’s stock after selling 1,488 shares during the quarter. Rovin Capital UT ADV’s holdings in Autodesk were worth $400,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of ADSK. Jag Capital Management LLC purchased a new stake in shares of Autodesk during the third quarter worth approximately $13,861,000. LMR Partners LLP purchased a new position in Autodesk in the third quarter worth approximately $12,643,000. Starboard Value LP acquired a new position in Autodesk during the 3rd quarter worth approximately $510,189,000. Erste Asset Management GmbH purchased a new stake in shares of Autodesk in the 3rd quarter valued at approximately $20,087,000. Finally, Bank of Montreal Can raised its holdings in shares of Autodesk by 8.7% in the 3rd quarter. Bank of Montreal Can now owns 913,516 shares of the software company’s stock valued at $248,385,000 after purchasing an additional 73,363 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of analyst reports. Citigroup boosted their target price on shares of Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. Barclays upped their price objective on Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Mizuho raised their target price on Autodesk from $260.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. HSBC downgraded Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target for the company. in a report on Friday, November 29th. Finally, Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. Nine investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $326.05.

Autodesk Stock Up 1.4 %

ADSK stock opened at $290.94 on Thursday. The stock has a market capitalization of $62.55 billion, a PE ratio of 57.73, a price-to-earnings-growth ratio of 3.62 and a beta of 1.42. The company has a fifty day moving average of $301.26 and a 200-day moving average of $274.86. 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 one year low of $195.32 and a one year high of $326.62.

Autodesk (NASDAQ:ADSK) last announced 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 net margin of 18.30% and a return on equity of 53.87%. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the firm earned $1.33 earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. As a group, analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the sale, the director now owns 30,249 shares in the company, valued at $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.14% of the company’s stock.

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.