DSM Capital Partners LLC Sells 28,227 Shares of Autodesk, Inc. (NASDAQ:ADSK)

DSM Capital Partners LLC cut its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 5.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 532,528 shares of the software company's stock after selling 28,227 shares during the quarter. Autodesk comprises about 2.4% of DSM Capital Partners LLC's portfolio, making the stock its 14th biggest holding. DSM Capital Partners LLC owned approximately 0.25% of Autodesk worth $157,399,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Jag Capital Management LLC bought a new stake in shares of Autodesk during the 3rd quarter valued at $13,861,000. LMR Partners LLP bought a new stake in shares of Autodesk during the 3rd quarter valued at $12,643,000. Starboard Value LP bought a new stake in shares of Autodesk during the 3rd quarter valued at $510,189,000. China Universal Asset Management Co. Ltd. lifted its position in shares of Autodesk by 196.2% during the 4th quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company's stock valued at $2,394,000 after acquiring an additional 5,365 shares during the period. Finally, Brookstone Capital Management lifted its position in shares of Autodesk by 1,058.9% during the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company's stock valued at $8,659,000 after acquiring an additional 26,768 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ADSK shares. Robert W. Baird boosted their price target on Autodesk from $330.00 to $345.00 and gave the stock an "outperform" rating in a report on Wednesday. UBS Group started coverage on Autodesk in a report on Monday, December 2nd. They set a "buy" rating and a $350.00 price target for the company. Stifel Nicolaus boosted their price target on Autodesk from $340.00 to $360.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. BMO Capital Markets boosted their price target on Autodesk from $287.00 to $308.00 and gave the stock a "market perform" rating in a report on Wednesday, November 27th. Finally, Rosenblatt Securities boosted their price target on Autodesk from $295.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and sixteen have assigned 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 $334.45.

Autodesk Trading Down 2.1 %

Shares of ADSK stock traded down $6.02 on Friday, hitting $285.00. The company had a trading volume of 1,670,110 shares, compared to its average volume of 1,382,891. The firm has a market cap of $61.28 billion, a P/E ratio of 56.55, a P/E/G ratio of 3.08 and a beta of 1.43. The stock's 50-day moving average is $298.25 and its two-hundred day moving average is $285.27. 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, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62.

Autodesk (NASDAQ:ADSK - Get Free Report) last announced its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating the consensus estimate 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 return on equity of 53.87% and a net margin of 18.30%. The firm's revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.33 EPS. On average, equities research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Autodesk Company 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.