Blue Trust Inc. Sells 1,505 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Blue Trust Inc. lowered its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 61.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 929 shares of the software company's stock after selling 1,505 shares during the quarter. Blue Trust Inc.'s holdings in Autodesk were worth $274,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the business. Vontobel Holding Ltd. grew its holdings in Autodesk by 423.6% during the 4th quarter. Vontobel Holding Ltd. now owns 202,545 shares of the software company's stock worth $59,866,000 after acquiring an additional 163,863 shares during the last quarter. Catalyst Financial Partners LLC lifted its holdings in shares of Autodesk by 8.0% during the fourth quarter. Catalyst Financial Partners LLC now owns 827 shares of the software company's stock worth $244,000 after purchasing an additional 61 shares during the period. Avestar Capital LLC grew its stake in shares of Autodesk by 7.3% in the fourth quarter. Avestar Capital LLC now owns 2,645 shares of the software company's stock worth $782,000 after purchasing an additional 181 shares during the last quarter. Davidson Capital Management Inc. increased its holdings in Autodesk by 2.7% in the fourth quarter. Davidson Capital Management Inc. now owns 13,369 shares of the software company's stock valued at $3,951,000 after purchasing an additional 348 shares during the period. Finally, Certuity LLC raised its position in Autodesk by 10.2% during the 4th quarter. Certuity LLC now owns 1,101 shares of the software company's stock worth $325,000 after purchasing an additional 102 shares during the last quarter. Institutional investors own 90.24% of the company's stock.

Analyst Upgrades and Downgrades

ADSK has been the topic of a number of analyst reports. Wells Fargo & Company upped their price target on Autodesk from $340.00 to $350.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Oppenheimer upped 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. UBS Group began coverage on shares of Autodesk in a report on Monday, December 2nd. They set a "buy" rating and a $350.00 price target for the company. Citigroup upped their price objective on shares of Autodesk from $358.00 to $361.00 and gave the company a "buy" rating in a research note on Friday, November 29th. Finally, Mizuho upgraded shares of Autodesk from a "neutral" rating to an "outperform" rating and increased their price objective for the stock from $280.00 to $400.00 in a research report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $334.45.

Autodesk Stock Performance

NASDAQ:ADSK traded down $6.02 on Friday, reaching $285.00. 1,670,093 shares of the company's stock were exchanged, compared to its average volume of 1,382,210. The firm has a market cap of $61.28 billion, a price-to-earnings ratio of 56.55, a P/E/G ratio of 3.08 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The stock has a fifty day simple moving average of $298.62 and a 200-day simple moving average of $284.86. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62.

Autodesk (NASDAQ:ADSK - Get Free Report) last released 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 company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same period last year, the firm earned $1.33 EPS. Autodesk's revenue for the quarter was up 11.0% on a year-over-year basis. As a group, sell-side analysts predict 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.