Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Tobam

Tobam reduced its stake in Autodesk, Inc. (NASDAQ:ADSK) by 68.9% in the fourth quarter, HoldingsChannel reports. The fund owned 296 shares of the software company’s stock after selling 657 shares during the quarter. Tobam’s holdings in Autodesk were worth $87,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Livelsberger Financial Advisory acquired a new stake in Autodesk in the third quarter worth approximately $27,000. Concord Wealth Partners bought a new stake in shares of Autodesk in the 3rd quarter worth $28,000. Transcendent Capital Group LLC acquired a new stake in shares of Autodesk in the third quarter valued at $28,000. Central Pacific Bank Trust Division bought a new position in Autodesk during the fourth quarter valued at about $37,000. Finally, Wolff Wiese Magana LLC grew its holdings in Autodesk by 3,625.0% during the third quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock worth $41,000 after acquiring an additional 145 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ADSK shares. Hsbc Global Res downgraded shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Bank of America increased their target price on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday. Barclays lifted their price target on shares of Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Macquarie assumed coverage on Autodesk in a research report on Thursday, December 12th. They set an “outperform” rating and a $380.00 price objective for the company. Finally, KeyCorp lifted their target price on Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $333.77.

Autodesk Stock Down 2.1 %

ADSK stock opened at $301.15 on Friday. The company has a 50 day moving average of $299.35 and a two-hundred day moving average of $280.85. 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 12-month low of $195.32 and a 12-month high of $326.62. The company has a market cap of $64.75 billion, a price-to-earnings ratio of 59.75, a PEG ratio of 3.67 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data 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 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 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. On average, equities analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by company insiders.

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.