Baillie Gifford & Co. reduced its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 16.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 923,701 shares of the software company's stock after selling 176,866 shares during the quarter. Baillie Gifford & Co. owned approximately 0.43% of Autodesk worth $273,018,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in Autodesk during the 4th quarter worth $25,000. Livelsberger Financial Advisory bought a new stake in shares of Autodesk during the 3rd quarter valued at $27,000. Concord Wealth Partners bought a new stake in shares of Autodesk during the 3rd quarter valued at $28,000. Transcendent Capital Group LLC bought a new stake in shares of Autodesk during the 3rd quarter valued at $28,000. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Autodesk during the 4th quarter valued at $37,000. 90.24% of the stock is owned by institutional investors and hedge funds.
Autodesk Price Performance
Autodesk stock traded down $8.04 during mid-day trading on Thursday, reaching $291.02. The company had a trading volume of 1,578,538 shares, compared to its average volume of 1,374,186. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market cap of $62.57 billion, a P/E ratio of 57.74, a P/E/G ratio of 3.05 and a beta of 1.43. The business has a fifty day simple moving average of $298.99 and a 200 day simple moving average of $284.82.
Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.05. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. Autodesk's revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.33 earnings per share. On average, equities research analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.
Wall Street Analysts Forecast Growth
ADSK has been the subject of several recent research reports. Oppenheimer upped their target price on shares of Autodesk from $300.00 to $350.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. Bank of America upped their target price on shares of Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Morgan Stanley upped their price objective on shares of Autodesk from $320.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Piper Sandler upgraded shares of Autodesk from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Finally, BMO Capital Markets upped their price objective on shares of Autodesk from $287.00 to $308.00 and gave the company a "market perform" rating in a research report on Wednesday, November 27th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $334.45.
Read Our Latest Stock Analysis on Autodesk
Autodesk Profile
(
Free Report)
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.
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