Autodesk, Inc. (NASDAQ:ADSK) Stock Position Reduced by First Affirmative Financial Network

First Affirmative Financial Network trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 3.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,806 shares of the software company’s stock after selling 67 shares during the period. First Affirmative Financial Network’s holdings in Autodesk were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in the company. Milestone Asset Management LLC bought a new stake in Autodesk during the fourth quarter valued at $220,000. Swedbank AB lifted its position in shares of Autodesk by 4.9% in the 4th quarter. Swedbank AB now owns 141,729 shares of the software company’s stock worth $41,891,000 after buying an additional 6,581 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Autodesk by 25.5% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 300,135 shares of the software company’s stock valued at $88,711,000 after buying an additional 60,963 shares during the period. R Squared Ltd bought a new stake in shares of Autodesk during the 4th quarter valued at about $160,000. Finally, BSW Wealth Partners raised its stake in Autodesk by 9.8% during the fourth quarter. BSW Wealth Partners now owns 1,710 shares of the software company’s stock worth $505,000 after acquiring an additional 153 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Insider Activity at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Down 1.9 %

NASDAQ ADSK opened at $304.17 on Thursday. The company has a market capitalization of $65.40 billion, a P/E ratio of 60.35, a PEG ratio of 3.55 and a beta of 1.42. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The company’s 50 day simple moving average is $299.46 and its 200 day simple moving average is $278.36.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.33 EPS. Equities research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on the company. HSBC downgraded Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price for the company. in a research note on Friday, November 29th. Citigroup upped their price objective on Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and raised their target price for the company from $280.00 to $400.00 in a research note on Tuesday. Macquarie began coverage on shares of Autodesk in a research report on Thursday, December 12th. They set an “outperform” rating and a $380.00 price target for the company. Finally, Stifel Nicolaus lifted their price objective on shares of Autodesk from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $331.50.

Autodesk Company 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.