New York State Teachers Retirement System Sells 5,635 Shares of Autodesk, Inc. (NASDAQ:ADSK)

New York State Teachers Retirement System reduced its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 190,821 shares of the software company's stock after selling 5,635 shares during the period. New York State Teachers Retirement System owned about 0.09% of Autodesk worth $56,401,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Vontobel Holding Ltd. raised its position in Autodesk by 423.6% in the fourth quarter. Vontobel Holding Ltd. now owns 202,545 shares of the software company's stock worth $59,866,000 after acquiring an additional 163,863 shares in the last quarter. Catalyst Financial Partners LLC increased its stake in shares of Autodesk by 8.0% in the fourth quarter. Catalyst Financial Partners LLC now owns 827 shares of the software company's stock worth $244,000 after acquiring an additional 61 shares during the last quarter. Avestar Capital LLC increased its position in Autodesk by 7.3% in the 4th quarter. Avestar Capital LLC now owns 2,645 shares of the software company's stock worth $782,000 after purchasing an additional 181 shares during the last quarter. Davidson Capital Management Inc. raised its position in Autodesk by 2.7% during the fourth quarter. Davidson Capital Management Inc. now owns 13,369 shares of the software company's stock valued at $3,951,000 after acquiring an additional 348 shares in the last quarter. Finally, Certuity LLC raised its holdings in shares of Autodesk by 10.2% during the 4th quarter. Certuity LLC now owns 1,101 shares of the software company's stock valued at $325,000 after purchasing an additional 102 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Autodesk Stock Performance

NASDAQ:ADSK traded up $3.40 during trading on Wednesday, reaching $299.06. The company's stock had a trading volume of 1,601,265 shares, compared to its average volume of 1,367,789. The firm has a 50 day moving average of $299.16 and a 200-day moving average of $284.71. The firm has a market cap of $64.30 billion, a price-to-earnings ratio of 59.34, a price-to-earnings-growth ratio of 3.12 and a beta of 1.43. 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 12 month low of $195.32 and a 12 month high of $326.62.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.05. The firm had revenue of $1.57 billion for the quarter, compared to analysts' expectations of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company's revenue was up 11.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.33 EPS. Research analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Bank of America lifted their price target on shares of Autodesk from $325.00 to $335.00 and gave the company a "neutral" rating in a research report on Tuesday, February 4th. Stifel Nicolaus boosted their price objective on Autodesk from $340.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. HSBC lowered Autodesk from a "buy" rating to a "hold" rating and set a $290.00 price target on the stock. in a research note on Friday, November 29th. Robert W. Baird upped their price objective on shares of Autodesk from $330.00 to $345.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Morgan Stanley raised their target price on Autodesk from $320.00 to $375.00 and gave the company an "overweight" rating in a research note on Friday, November 22nd. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Autodesk currently has a consensus rating of "Moderate Buy" and an average price target of $334.45.

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.