Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft lowered its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 9.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,008 shares of the software company’s stock after selling 102 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Autodesk were worth $297,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in ADSK. Algert Global LLC acquired a new position in shares of Autodesk during the second quarter worth about $579,000. NewEdge Advisors LLC lifted its position in Autodesk by 4.4% during the 2nd quarter. NewEdge Advisors LLC now owns 14,023 shares of the software company’s stock worth $3,470,000 after acquiring an additional 590 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in Autodesk by 202.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 2,353 shares of the software company’s stock worth $582,000 after acquiring an additional 1,576 shares during the period. Coronation Fund Managers Ltd. grew its position in Autodesk by 96.8% in the second quarter. Coronation Fund Managers Ltd. now owns 9,785 shares of the software company’s stock valued at $2,421,000 after acquiring an additional 4,813 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Autodesk during the second quarter valued at approximately $11,499,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the company’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 completion of the transaction, the director now directly owns 30,249 shares in the company, valued at $9,227,759.94. This represents a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by insiders.

Autodesk Trading Up 1.9 %

Shares of NASDAQ:ADSK opened at $309.95 on Friday. 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’s 50-day moving average price is $299.38 and its 200 day moving average price is $278.54. The company has a market cap of $66.64 billion, a PE ratio of 61.50, a P/E/G ratio of 3.55 and a beta of 1.42. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62.

Autodesk (NASDAQ:ADSK) last posted 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 business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter last year, the business earned $1.33 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. Sell-side analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Stifel Nicolaus raised their price target on shares of Autodesk from $340.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Hsbc Global Res lowered Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. 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. Morgan Stanley upped their target price on Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Finally, Macquarie assumed coverage on shares of Autodesk in a research report on Thursday, December 12th. They set an “outperform” rating and a $380.00 price target for the company. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $331.50.

Autodesk 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.