Baader Bank Aktiengesellschaft Decreases Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Baader Bank Aktiengesellschaft reduced its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 9.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,008 shares of the software company’s stock after selling 102 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in Autodesk were worth $297,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in ADSK. Jag Capital Management LLC acquired a new position in Autodesk in the third quarter valued at approximately $13,861,000. LMR Partners LLP acquired a new stake in Autodesk during the 3rd quarter worth $12,643,000. Starboard Value LP purchased a new stake in Autodesk in the third quarter valued at $510,189,000. Erste Asset Management GmbH acquired a new position in Autodesk in the third quarter valued at $20,087,000. Finally, Brookstone Capital Management grew its holdings in shares of 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 last quarter. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ADSK shares. Hsbc Global Res downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 29th. UBS Group initiated coverage on shares of Autodesk in a report on Monday, December 2nd. They issued a “buy” rating and a $350.00 target price on the stock. BMO Capital Markets lifted their price objective 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. Wells Fargo & Company increased their target price 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. Finally, Oppenheimer increased their price objective on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research report on Friday, November 22nd. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $331.50.

Autodesk Trading Up 1.9 %

NASDAQ:ADSK opened at $309.95 on Friday. The company 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. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The stock has a fifty day simple moving average of $299.38 and a 200-day simple moving average of $278.54. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76.

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

Insider Buying and Selling at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares in the company, valued at $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.14% of the stock is owned by insiders.

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.