Rovin Capital UT ADV Cuts Stake in Autodesk, Inc. (NASDAQ:ADSK)

Rovin Capital UT ADV lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 52.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,352 shares of the software company's stock after selling 1,488 shares during the period. Rovin Capital UT ADV's holdings in Autodesk were worth $400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Livelsberger Financial Advisory purchased a new position in Autodesk in the third quarter valued at $27,000. Concord Wealth Partners purchased a new stake in shares of Autodesk during the third quarter worth about $28,000. Transcendent Capital Group LLC purchased a new stake in shares of Autodesk during the third quarter worth about $28,000. Central Pacific Bank Trust Division purchased a new stake in shares of Autodesk during the fourth quarter worth about $37,000. Finally, Wolff Wiese Magana LLC increased its stake in shares of 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 purchasing an additional 145 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the company'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 value of $167,783.00. Following the transaction, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.14% of the company's stock.

Wall Street Analyst Weigh In

ADSK has been the subject of a number of research reports. Stifel Nicolaus boosted their target price on shares of Autodesk from $340.00 to $360.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Robert W. Baird boosted their target price on shares of Autodesk from $305.00 to $330.00 and gave the stock an "outperform" rating in a research note on Monday, November 18th. UBS Group initiated coverage on shares of Autodesk in a research note on Monday, December 2nd. They set a "buy" rating and a $350.00 target price for the company. Oppenheimer boosted their target price on shares of Autodesk from $300.00 to $350.00 and gave the stock an "outperform" rating in a research note on Friday, November 22nd. Finally, Wells Fargo & Company boosted their target price on shares of Autodesk from $340.00 to $350.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $326.05.

Autodesk Trading Down 0.3 %

Shares of ADSK stock traded down $0.86 during trading hours on Thursday, hitting $290.08. The company had a trading volume of 1,077,248 shares, compared to its average volume of 1,375,580. The company's fifty day moving average is $301.03 and its 200 day moving average is $274.97. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The stock has a market capitalization of $62.37 billion, a PE ratio of 57.56, a price-to-earnings-growth ratio of 3.36 and a beta of 1.42.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 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 for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the business posted $1.33 EPS. The business's revenue for the quarter was up 11.0% compared to the same quarter last year. Research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Autodesk 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.