New York State Teachers Retirement System Cuts Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

New York State Teachers Retirement System lessened its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 2.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 190,821 shares of the software company’s stock after selling 5,635 shares during the period. New York State Teachers Retirement System’s holdings in Autodesk were worth $56,401,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Starboard Value LP acquired a new stake in Autodesk during the 3rd quarter valued at $510,189,000. International Assets Investment Management LLC grew its holdings in Autodesk by 58,375.5% during the 3rd quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company’s stock valued at $1,564,170,000 after purchasing an additional 566,826 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in Autodesk by 394.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock worth $156,296,000 after acquiring an additional 452,728 shares in the last quarter. Franklin Resources Inc. grew its holdings in Autodesk by 36.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock worth $413,405,000 after acquiring an additional 387,309 shares in the last quarter. Finally, State Street Corp grew its holdings in Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after acquiring an additional 288,931 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

ADSK has been the subject of several recent analyst reports. Scotiabank initiated coverage on shares of Autodesk in a report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 price objective for the company. UBS Group initiated coverage on shares of Autodesk in a report on Monday, December 2nd. They set a “buy” rating and a $350.00 price objective for the company. Robert W. Baird raised their price objective on shares of Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Macquarie initiated coverage on shares of Autodesk in a report on Thursday, December 12th. They set an “outperform” rating and a $380.00 price objective for the company. Finally, BMO Capital Markets raised their price objective 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. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $333.77.

Autodesk Trading Down 0.3 %

Shares of NASDAQ:ADSK opened at $302.72 on Friday. The company has a market cap of $65.08 billion, a PE ratio of 60.06, a P/E/G ratio of 3.17 and a beta of 1.43. The company’s 50-day moving average price is $299.54 and its 200 day moving average price is $282.88. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. 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 (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $1.56 billion. During the same period in the previous year, the firm earned $1.33 EPS. Autodesk’s revenue 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.

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.