BDF Gestion Reduces Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

BDF Gestion decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 46.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 18,396 shares of the software company's stock after selling 15,830 shares during the quarter. BDF Gestion's holdings in Autodesk were worth $5,437,000 at the end of the most recent reporting period.

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

Insider Activity

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares of the company's stock, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.14% of the company's stock.

Autodesk Trading Up 0.4 %

Shares of ADSK traded up $1.39 during midday trading on Friday, hitting $311.34. 1,285,187 shares of the stock were exchanged, compared to its average volume of 1,345,924. The stock has a fifty day simple moving average of $299.28 and a 200 day simple moving average of $278.76. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The firm has a market cap of $66.94 billion, a P/E ratio of 61.77, a P/E/G ratio of 3.59 and a beta of 1.42. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

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 (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.56 billion. During the same period last year, the firm earned $1.33 earnings per share. The company's revenue for the quarter was up 11.0% compared to the same quarter last year. On average, research analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Analyst Ratings Changes

ADSK has been the topic of a number of research reports. Scotiabank began coverage on shares of Autodesk in a research note on Monday, November 18th. They issued a "sector outperform" rating and a $360.00 price target on the stock. Piper Sandler upgraded Autodesk from a "neutral" rating to an "overweight" rating and raised their target price for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Barclays boosted their price target on Autodesk from $310.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Rosenblatt Securities raised their price objective on Autodesk from $295.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, November 27th. Finally, HSBC lowered shares of 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. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $331.50.

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.