Strengthening Families & Communities LLC Decreases Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Strengthening Families & Communities LLC reduced its stake in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 97.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194 shares of the software company's stock after selling 7,222 shares during the period. Strengthening Families & Communities LLC's holdings in Autodesk were worth $57,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of ADSK. Carnegie Investment Counsel boosted its holdings in Autodesk by 1.1% in the third quarter. Carnegie Investment Counsel now owns 24,229 shares of the software company's stock worth $6,675,000 after purchasing an additional 259 shares during the last quarter. Thomasville National Bank lifted its stake in shares of Autodesk by 1.4% during the 3rd quarter. Thomasville National Bank now owns 66,884 shares of the software company's stock valued at $18,425,000 after buying an additional 941 shares in the last quarter. CX Institutional lifted its stake in shares of Autodesk by 7.6% during the 3rd quarter. CX Institutional now owns 1,549 shares of the software company's stock valued at $427,000 after buying an additional 110 shares in the last quarter. Creative Planning lifted its stake in shares of Autodesk by 6.3% during the 3rd quarter. Creative Planning now owns 40,030 shares of the software company's stock valued at $11,028,000 after buying an additional 2,371 shares in the last quarter. Finally, BDF Gestion lifted its stake in shares of Autodesk by 100.0% during the 3rd quarter. BDF Gestion now owns 34,226 shares of the software company's stock valued at $9,429,000 after buying an additional 17,113 shares in the last quarter. 90.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on ADSK shares. Stifel Nicolaus lifted their price target on shares of Autodesk from $340.00 to $360.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Wells Fargo & Company lifted their price target on shares of Autodesk from $340.00 to $350.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Morgan Stanley lifted their price target on shares of Autodesk from $320.00 to $375.00 and gave the stock an "overweight" rating in a research note on Friday, November 22nd. Citigroup lifted their price target on shares of Autodesk from $358.00 to $361.00 and gave the stock a "buy" rating in a research note on Friday, November 29th. Finally, Scotiabank began coverage on shares of Autodesk in a research report on Monday, November 18th. They issued a "sector outperform" rating and a $360.00 price objective for the company. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $333.77.

Autodesk Stock Performance

Autodesk stock traded down $0.76 during mid-day trading on Friday, reaching $302.72. 923,969 shares of the company traded hands, compared to its average volume of 1,314,055. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a market capitalization of $65.08 billion, a price-to-earnings ratio of 60.06, a price-to-earnings-growth ratio of 3.17 and a beta of 1.43. The firm's fifty day moving average is $299.54 and its two-hundred day moving average is $282.88.

Autodesk (NASDAQ:ADSK - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping analysts' consensus estimates of $2.12 by $0.05. The firm had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business's quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.33 earnings per share. On average, equities research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

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.