Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by CWA Asset Management Group LLC

CWA Asset Management Group LLC trimmed its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 25,213 shares of the software company's stock after selling 1,814 shares during the period. CWA Asset Management Group LLC's holdings in Autodesk were worth $7,452,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Starboard Value LP acquired a new position in shares of Autodesk during the 3rd quarter worth approximately $510,189,000. Point72 Asset Management L.P. raised its holdings in shares of Autodesk by 366.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 843,040 shares of the software company's stock worth $208,610,000 after acquiring an additional 662,339 shares during the period. International Assets Investment Management LLC grew its holdings in shares of Autodesk by 58,375.5% in the third quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company's stock valued at $1,564,170,000 after purchasing an additional 566,826 shares during the period. Massachusetts Financial Services Co. MA increased its position in Autodesk by 394.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company's stock worth $156,296,000 after purchasing an additional 452,728 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of Autodesk by 818.3% in the 2nd quarter. Marshall Wace LLP now owns 458,337 shares of the software company's stock valued at $113,415,000 after buying an additional 408,424 shares during the period. Institutional investors and hedge funds own 90.24% of the company's stock.

Autodesk Stock Performance

NASDAQ ADSK traded down $1.55 on Monday, hitting $292.51. 1,231,356 shares of the company's stock were exchanged, compared to its average volume of 1,127,616. The firm has a market cap of $62.89 billion, a price-to-earnings ratio of 58.04, a P/E/G ratio of 3.62 and a beta of 1.42. The firm's 50-day moving average price is $301.02 and its two-hundred day moving average price is $272.87. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. 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 (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, topping 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 firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the company posted $1.33 earnings per share. Autodesk's quarterly revenue was up 11.0% on a year-over-year basis. On average, research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

Insiders Place Their Bets

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the company's stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $285.31, for a total value of $156,920.50. Following the sale, the director now owns 30,799 shares of the company's stock, valued at approximately $8,787,262.69. This represents a 1.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Scotiabank assumed coverage on Autodesk in a research note on Monday, November 18th. They set a "sector outperform" rating and a $360.00 target price for the company. Rosenblatt Securities lifted their price target on shares of Autodesk from $295.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday, November 27th. KeyCorp lifted their target price on shares of Autodesk from $325.00 to $330.00 and gave the company an "overweight" rating in a report on Wednesday, November 20th. Stifel Nicolaus increased their target price on Autodesk from $340.00 to $360.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Finally, Barclays increased their price target on shares of Autodesk from $310.00 to $355.00 and gave the stock an "overweight" rating in a research report on Friday, November 15th. Ten analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $323.95.

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.