Ieq Capital LLC trimmed its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 12.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,158 shares of the software company's stock after selling 2,348 shares during the quarter. Ieq Capital LLC's holdings in Autodesk were worth $4,776,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Jag Capital Management LLC acquired a new stake in shares of Autodesk during the third quarter worth about $13,861,000. LMR Partners LLP acquired a new stake in Autodesk in the third quarter valued at $12,643,000. Starboard Value LP acquired a new stake in Autodesk in the 3rd quarter valued at about $510,189,000. China Universal Asset Management Co. Ltd. increased its holdings in 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 in the last quarter. Finally, Brookstone Capital Management raised its position in Autodesk by 1,058.9% during the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company's stock worth $8,659,000 after acquiring an additional 26,768 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have recently issued reports on ADSK. Oppenheimer upped their price objective on Autodesk from $300.00 to $350.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. Hsbc Global Res cut shares of Autodesk from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 29th. Morgan Stanley raised their target price on shares of Autodesk from $320.00 to $375.00 and gave the stock an "overweight" rating in a research report on Friday, November 22nd. Wells Fargo & Company boosted their price target on Autodesk from $340.00 to $350.00 and gave the company an "overweight" rating in a report on Friday, November 22nd. Finally, KeyCorp raised their target price on shares of Autodesk from $325.00 to $330.00 and gave the stock an "overweight" rating in a research report on Wednesday, November 20th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $334.45.
Get Our Latest Stock Analysis on ADSK
Autodesk Stock Performance
Shares of ADSK traded down $6.02 during mid-day trading on Friday, hitting $285.00. The stock had a trading volume of 1,670,110 shares, compared to its average volume of 1,313,684. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The company has a market cap of $61.28 billion, a PE ratio of 56.55, a PEG ratio of 3.00 and a beta of 1.43. The company's fifty day simple moving average is $298.25 and its two-hundred day simple moving average is $285.27.
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 analysts' consensus estimates of $2.12 by $0.05. The firm had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The firm's revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.33 earnings per share. On average, equities analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current year.
Autodesk Profile
(
Free Report)
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.
See Also
Before you consider Autodesk, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Autodesk wasn't on the list.
While Autodesk currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
