Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp lowered its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 51.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 832,527 shares of the software company's stock after selling 884,840 shares during the quarter. Van ECK Associates Corp owned approximately 0.39% of Autodesk worth $246,070,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in Autodesk during the fourth quarter worth approximately $25,000. Livelsberger Financial Advisory purchased a new position in Autodesk during the third quarter worth approximately $27,000. Concord Wealth Partners purchased a new position in Autodesk during the third quarter worth approximately $28,000. Transcendent Capital Group LLC acquired a new position in shares of Autodesk during the third quarter valued at approximately $28,000. Finally, Central Pacific Bank Trust Division acquired a new position in shares of Autodesk during the fourth quarter valued at approximately $37,000. Hedge funds and other institutional investors own 90.24% of the company's stock.

Analyst Upgrades and Downgrades

ADSK has been the subject of a number of research analyst reports. Oppenheimer increased their target price on Autodesk from $300.00 to $350.00 and gave the company an "outperform" rating in a report on Friday, November 22nd. Mizuho raised Autodesk from a "neutral" rating to an "outperform" rating and increased their target price for the company from $280.00 to $400.00 in a report on Tuesday, January 28th. HSBC cut Autodesk from a "buy" rating to a "hold" rating and set a $290.00 target price for the company. in a report on Friday, November 29th. BMO Capital Markets increased their target price on Autodesk from $287.00 to $308.00 and gave the company a "market perform" rating in a report on Wednesday, November 27th. Finally, Robert W. Baird increased their price target on Autodesk from $305.00 to $330.00 and gave the company an "outperform" rating in a report on Monday, November 18th. Eight equities 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 an average rating of "Moderate Buy" and a consensus target price of $333.77.

Autodesk Stock Performance

ADSK stock traded down $0.76 during trading on Friday, hitting $302.72. The company had a trading volume of 923,969 shares, compared to its average volume of 1,270,857. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The firm has a 50-day moving average price of $299.44 and a 200-day moving average price of $283.58. The firm has a market cap of $65.08 billion, a PE ratio of 60.06, a price-to-earnings-growth ratio of 3.17 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.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating analysts' consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the company earned $1.33 EPS. The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. On average, analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current 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.