DB Fitzpatrick & Co Inc Sells 3,953 Shares of Autodesk, Inc. (NASDAQ:ADSK)

DB Fitzpatrick & Co Inc reduced its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 65.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,085 shares of the software company's stock after selling 3,953 shares during the period. DB Fitzpatrick & Co Inc's holdings in Autodesk were worth $616,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Livelsberger Financial Advisory purchased a new stake in shares of Autodesk during the 3rd quarter worth about $27,000. Concord Wealth Partners bought a new position in Autodesk during the third quarter valued at approximately $28,000. Transcendent Capital Group LLC bought a new position in Autodesk during the third quarter valued at approximately $28,000. Central Pacific Bank Trust Division acquired a new stake in Autodesk in the fourth quarter valued at approximately $37,000. Finally, Wolff Wiese Magana LLC increased its stake in shares of Autodesk by 3,625.0% during the 3rd quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company's stock worth $41,000 after purchasing an additional 145 shares during the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Autodesk Price Performance

Shares of ADSK traded up $1.37 during trading hours on Friday, hitting $291.45. The stock had a trading volume of 1,466,123 shares, compared to its average volume of 1,115,562. The stock has a market capitalization of $62.66 billion, a price-to-earnings ratio of 57.83, a P/E/G ratio of 3.36 and a beta of 1.42. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The company's fifty day moving average is $300.44 and its two-hundred day moving average is $275.58. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week 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 for the quarter, topping the consensus estimate of $2.12 by $0.05. The firm had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.33 earnings per share. On average, analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on ADSK shares. Macquarie assumed coverage on shares of Autodesk in a report on Thursday, December 12th. They issued an "outperform" rating and a $380.00 price objective for the company. Piper Sandler upgraded Autodesk from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $311.00 to $357.00 in a research note on Wednesday, January 8th. Stifel Nicolaus raised their price objective on Autodesk from $340.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Wells Fargo & Company increased their price target on Autodesk from $340.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Finally, Hsbc Global Res downgraded shares of Autodesk from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $326.05.

Insider Buying and Selling at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the sale, the director now owns 30,249 shares of the company's stock, valued at $9,227,759.94. This represents a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.