Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC reduced its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 7.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 115,784 shares of the software company's stock after selling 9,971 shares during the period. Douglas Lane & Associates LLC owned approximately 0.05% of Autodesk worth $34,222,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Caprock Group LLC boosted its stake in Autodesk by 18.4% during the second quarter. Caprock Group LLC now owns 3,872 shares of the software company's stock valued at $958,000 after buying an additional 601 shares during the last quarter. Choreo LLC grew its holdings in shares of Autodesk by 282.9% in the second quarter. Choreo LLC now owns 5,988 shares of the software company's stock valued at $1,474,000 after purchasing an additional 4,424 shares in the last quarter. LGT Fund Management Co Ltd. grew its holdings in shares of Autodesk by 167.2% in the second quarter. LGT Fund Management Co Ltd. now owns 4,459 shares of the software company's stock valued at $1,103,000 after purchasing an additional 2,790 shares in the last quarter. Dorsey & Whitney Trust CO LLC increased its position in Autodesk by 11.7% in the second quarter. Dorsey & Whitney Trust CO LLC now owns 2,375 shares of the software company's stock worth $588,000 after purchasing an additional 248 shares during the last quarter. Finally, Andra AP fonden raised its stake in Autodesk by 1.7% during the second quarter. Andra AP fonden now owns 108,500 shares of the software company's stock valued at $26,848,000 after purchasing an additional 1,800 shares in the last quarter. Hedge funds and other institutional investors own 90.24% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. KeyCorp lifted their price objective on shares of Autodesk from $325.00 to $330.00 and gave the stock an "overweight" rating in a research note on Wednesday, November 20th. Rosenblatt Securities lifted their price target on Autodesk from $295.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, November 27th. BMO Capital Markets upped their price objective on Autodesk from $287.00 to $308.00 and gave the company a "market perform" rating in a research report on Wednesday, November 27th. Wells Fargo & Company raised their price objective on Autodesk from $340.00 to $350.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Finally, Morgan Stanley boosted their target price on Autodesk from $320.00 to $375.00 and gave the company an "overweight" rating in a research report on Friday, November 22nd. Nine equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Autodesk currently has a consensus rating of "Moderate Buy" and an average price target of $326.05.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the firm's stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the sale, the director now owns 30,249 shares of the company's stock, valued at $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Up 1.9 %

Shares of ADSK traded up $5.55 during midday trading on Wednesday, reaching $296.37. 1,369,139 shares of the stock were exchanged, compared to its average volume of 1,139,268. The company has a market capitalization of $63.72 billion, a P/E ratio of 58.80, a PEG ratio of 3.62 and a beta of 1.42. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62. The company's 50 day moving average is $301.04 and its two-hundred day moving average is $273.21.

Autodesk (NASDAQ:ADSK - Get Free Report) last issued its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (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 for the quarter, compared to analysts' expectations of $1.56 billion. During the same period in the prior year, the business earned $1.33 EPS. The firm's quarterly revenue was up 11.0% on a year-over-year basis. On average, sell-side analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

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.