JGP Wealth Management LLC Sells 1,514 Shares of Autodesk, Inc. (NASDAQ:ADSK)

JGP Wealth Management LLC lowered its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 46.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,751 shares of the software company's stock after selling 1,514 shares during the quarter. JGP Wealth Management LLC's holdings in Autodesk were worth $518,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Jag Capital Management LLC purchased a new position in Autodesk in the third quarter valued at about $13,861,000. LMR Partners LLP bought a new stake in shares of Autodesk in the third quarter valued at $12,643,000. Starboard Value LP bought a new position in shares of Autodesk during the 3rd quarter worth $510,189,000. Erste Asset Management GmbH purchased a new stake in Autodesk during the third quarter valued at about $20,087,000. Finally, Brookstone Capital Management boosted 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 purchasing an additional 26,768 shares during the period. Hedge funds and other institutional investors own 90.24% of the company's stock.

Insider Transactions at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the completion of the transaction, the director now directly owns 30,249 shares of the company's stock, valued at $9,227,759.94. This trade represents a 1.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders own 0.14% of the company's stock.

Autodesk Stock Up 0.5 %

Shares of ADSK stock traded up $1.37 during mid-day trading on Friday, hitting $291.45. The company's stock had a trading volume of 1,466,123 shares, compared to its average volume of 1,384,328. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $62.66 billion, a price-to-earnings ratio of 57.83, a PEG ratio of 3.36 and a beta of 1.42. The business has a 50-day moving average price of $300.72 and a 200 day moving average price of $275.07.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping the consensus estimate of $2.12 by $0.05. The firm had revenue of $1.57 billion for 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 company's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.33 earnings per share. Research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on ADSK shares. Macquarie started coverage on shares of Autodesk in a report on Thursday, December 12th. They issued an "outperform" rating and a $380.00 price objective for the company. HSBC lowered Autodesk from a "buy" rating to a "hold" rating and set a $290.00 price target for the company. in a report on Friday, November 29th. UBS Group started coverage on Autodesk in a report on Monday, December 2nd. They set a "buy" rating and a $350.00 price objective on the stock. Barclays lifted their target price on Autodesk from $310.00 to $355.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Finally, Wells Fargo & Company increased their price target on shares of Autodesk from $340.00 to $350.00 and gave the stock an "overweight" rating in a report on Friday, November 22nd. Nine research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $326.05.

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.