Pacer Advisors Inc. Decreases Stock Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Pacer Advisors Inc. trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 28,914 shares of the software company's stock after selling 2,368 shares during the period. Pacer Advisors Inc.'s holdings in Autodesk were worth $8,546,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of ADSK. KBC Group NV raised its holdings in Autodesk by 14.0% in the 4th quarter. KBC Group NV now owns 183,610 shares of the software company's stock worth $54,269,000 after purchasing an additional 22,533 shares in the last quarter. Union Bancaire Privee UBP SA bought a new position in Autodesk in the fourth quarter worth about $13,906,000. Blue Trust Inc. lifted its holdings in Autodesk by 31.8% in the fourth quarter. Blue Trust Inc. now owns 3,207 shares of the software company's stock worth $883,000 after buying an additional 773 shares during the period. Kingswood Wealth Advisors LLC boosted its position in Autodesk by 32.5% during the 4th quarter. Kingswood Wealth Advisors LLC now owns 4,400 shares of the software company's stock valued at $1,301,000 after acquiring an additional 1,078 shares in the last quarter. Finally, PFG Investments LLC grew its holdings in shares of Autodesk by 12.1% during the 4th quarter. PFG Investments LLC now owns 2,158 shares of the software company's stock worth $638,000 after acquiring an additional 233 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Performance

Shares of ADSK stock traded up $5.78 during mid-day trading on Thursday, reaching $309.95. 1,198,169 shares of the company's stock traded hands, compared to its average volume of 1,322,533. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The firm has a 50 day moving average price of $299.38 and a two-hundred day moving average price of $278.54. The firm has a market capitalization of $66.64 billion, a PE ratio of 61.50, a price-to-earnings-growth ratio of 3.55 and a beta of 1.42. 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 (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts' consensus estimates of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business had revenue of $1.57 billion during the quarter, compared to analysts' expectations of $1.56 billion. During the same quarter in the prior year, the business posted $1.33 earnings per share. The business's quarterly revenue was up 11.0% on a year-over-year basis. On average, research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current year.

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the company's stock in a transaction dated Friday, November 15th. The stock was 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 owns 30,249 shares of the company's stock, valued at $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.14% of the company's stock.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of research analyst reports. Rosenblatt Securities raised their target price on Autodesk from $295.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday, November 27th. KeyCorp upped 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. Oppenheimer lifted their price target on shares of Autodesk from $300.00 to $350.00 and gave the company an "outperform" rating in a research report on Friday, November 22nd. BMO Capital Markets raised their target price on shares of Autodesk from $287.00 to $308.00 and gave the company a "market perform" rating in a research note on Wednesday, November 27th. Finally, Robert W. Baird boosted their price target on Autodesk from $305.00 to $330.00 and gave the stock an "outperform" rating in a research report on Monday, November 18th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $331.50.

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.