Autodesk, Inc. (NASDAQ:ADSK) Holdings Decreased by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System cut its stake in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 4.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 27,300 shares of the software company's stock after selling 1,200 shares during the quarter. Louisiana State Employees Retirement System's holdings in Autodesk were worth $8,069,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Marshall Financial Group LLC lifted its holdings in shares of Autodesk by 0.8% during the 3rd quarter. Marshall Financial Group LLC now owns 4,491 shares of the software company's stock worth $1,237,000 after acquiring an additional 35 shares during the period. Mount Yale Investment Advisors LLC lifted its holdings in shares of Autodesk by 1.9% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company's stock worth $551,000 after acquiring an additional 35 shares during the period. Y.D. More Investments Ltd lifted its holdings in shares of Autodesk by 1.0% during the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company's stock worth $1,000,000 after acquiring an additional 35 shares during the period. Grove Bank & Trust lifted its holdings in shares of Autodesk by 9.2% during the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company's stock worth $130,000 after acquiring an additional 37 shares during the period. Finally, Journey Strategic Wealth LLC lifted its holdings in shares of Autodesk by 4.6% during the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company's stock worth $247,000 after acquiring an additional 37 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Stock Performance

ADSK stock traded down $0.76 during mid-day trading on Friday, reaching $302.72. The company had a trading volume of 923,969 shares, compared to its average volume of 1,270,857. 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 stock has a market capitalization of $65.08 billion, a P/E ratio of 60.06, a P/E/G ratio of 3.17 and a beta of 1.43. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. The stock's 50-day simple moving average is $299.44 and its two-hundred day simple moving average is $283.30.

Autodesk (NASDAQ:ADSK - Get Free Report) last posted its earnings results 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. The company had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm's quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the business posted $1.33 earnings per share. Research analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Hsbc Global Res lowered shares of Autodesk from a "strong-buy" rating to a "hold" rating in a report on Friday, November 29th. HSBC lowered shares of Autodesk from a "buy" rating to a "hold" rating and set a $290.00 price target on the stock. in a report on Friday, November 29th. BMO Capital Markets raised their price target on shares of Autodesk from $287.00 to $308.00 and gave the company a "market perform" rating in a report on Wednesday, November 27th. Rosenblatt Securities raised their price target on shares of Autodesk from $295.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, Barclays raised their price target on shares of Autodesk from $310.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $333.77.

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.