Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Tobam

Tobam trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 68.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 296 shares of the software company’s stock after selling 657 shares during the period. Tobam’s holdings in Autodesk were worth $87,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Atomi Financial Group Inc. raised its holdings in shares of Autodesk by 95.6% during the 3rd quarter. Atomi Financial Group Inc. now owns 2,077 shares of the software company’s stock valued at $572,000 after buying an additional 1,015 shares during the period. Marcum Wealth LLC grew its position in Autodesk by 6.6% in the third quarter. Marcum Wealth LLC now owns 1,247 shares of the software company’s stock valued at $344,000 after acquiring an additional 77 shares in the last quarter. Wedmont Private Capital raised its stake in shares of Autodesk by 3.1% during the third quarter. Wedmont Private Capital now owns 3,446 shares of the software company’s stock valued at $921,000 after purchasing an additional 104 shares during the period. UMB Bank n.a. lifted its position in shares of Autodesk by 1.0% during the third quarter. UMB Bank n.a. now owns 5,693 shares of the software company’s stock worth $1,568,000 after purchasing an additional 56 shares in the last quarter. Finally, Quotient Wealth Partners LLC purchased a new position in shares of Autodesk in the third quarter valued at $209,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Autodesk Trading Down 2.1 %

NASDAQ:ADSK opened at $301.15 on Friday. The firm has a market capitalization of $64.75 billion, a P/E ratio of 59.75, a P/E/G ratio of 3.67 and a beta of 1.43. The business has a 50 day simple moving average of $299.35 and a 200 day simple moving average of $280.85. 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 12-month low of $195.32 and a 12-month high of $326.62.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping 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 business had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. During the same quarter in the prior year, the firm earned $1.33 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Equities research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was 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 in the company, valued at approximately $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 accessible through the SEC website. 0.14% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ADSK has been the topic of several analyst reports. BMO Capital Markets lifted their price target on shares of Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Scotiabank assumed coverage on Autodesk in a research report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 target price on the stock. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $280.00 to $400.00 in a research note on Tuesday, January 28th. Bank of America upped their target price on Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday. Finally, Rosenblatt Securities raised their price target on shares of Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $333.77.

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.