D.A. Davidson & CO. Has $28.84 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

D.A. Davidson & CO. cut its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 3.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 97,589 shares of the software company's stock after selling 3,708 shares during the quarter. D.A. Davidson & CO.'s holdings in Autodesk were worth $28,844,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of ADSK. Golden State Wealth Management LLC acquired a new stake in shares of Autodesk in the 4th quarter valued at about $25,000. Livelsberger Financial Advisory bought a new position in shares of Autodesk during the third quarter worth about $27,000. Concord Wealth Partners acquired a new stake in Autodesk in the 3rd quarter valued at approximately $28,000. Transcendent Capital Group LLC bought a new stake in Autodesk in the 3rd quarter valued at approximately $28,000. Finally, Central Pacific Bank Trust Division acquired a new position in Autodesk during the 4th quarter worth approximately $37,000. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Performance

Shares of NASDAQ ADSK traded down $6.02 during mid-day trading on Friday, reaching $285.00. 1,670,110 shares of the company were exchanged, compared to its average volume of 1,382,891. The stock has a market capitalization of $61.28 billion, a P/E ratio of 56.55, a P/E/G ratio of 3.08 and a beta of 1.43. 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 simple moving average is $298.25 and its 200-day simple moving average is $285.27. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period last year, the business posted $1.33 earnings per share. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Citigroup lifted their price objective on shares of Autodesk from $358.00 to $361.00 and gave the company a "buy" rating in a report on Friday, November 29th. Barclays boosted 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. Morgan Stanley increased their price objective on shares of Autodesk from $320.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Piper Sandler raised Autodesk from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Finally, Oppenheimer increased their price target on Autodesk from $300.00 to $350.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Autodesk currently has an average rating of "Moderate Buy" and an average price target of $334.45.

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.