Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 4.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,987 shares of the software company’s stock after selling 1,299 shares during the quarter. Yousif Capital Management LLC’s holdings in Autodesk were worth $7,681,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Marshall Financial Group LLC boosted its holdings in shares of Autodesk by 0.8% in the 3rd quarter. Marshall Financial Group LLC now owns 4,491 shares of the software company’s stock valued at $1,237,000 after purchasing an additional 35 shares during the last quarter. Mount Yale Investment Advisors LLC raised its position in shares of Autodesk by 1.9% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock worth $551,000 after buying an additional 35 shares during the period. Grove Bank & Trust boosted its holdings in Autodesk by 9.2% in the fourth quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock valued at $130,000 after acquiring an additional 37 shares during the last quarter. Journey Strategic Wealth LLC grew its position in Autodesk by 4.6% during the fourth quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock valued at $247,000 after acquiring an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its stake in Autodesk by 11.9% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock worth $106,000 after acquiring an additional 38 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ADSK has been the topic of several research analyst reports. BMO Capital Markets lifted their price objective on Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research note on Wednesday, November 27th. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $280.00 to $400.00 in a research report on Tuesday, January 28th. Robert W. Baird increased their price objective on shares of Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Hsbc Global Res lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Finally, Bank of America increased their price target on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a report on Tuesday. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $333.77.

Autodesk Price Performance

Shares of ADSK stock opened at $311.36 on Thursday. The firm has a fifty day moving average of $298.59 and a two-hundred day moving average of $280.45. The firm has a market cap of $66.94 billion, a P/E ratio of 61.78, a P/E/G ratio of 3.67 and a beta of 1.43. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year 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.

Autodesk (NASDAQ:ADSK) last released its 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. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the previous year, the firm earned $1.33 earnings per share. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. As a group, research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the business’s 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 transaction, the director now directly owns 30,249 shares of the company’s stock, valued at $9,227,759.94. The trade was a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is owned by company insiders.

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.