Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,300 shares of the software company’s stock after selling 1,200 shares during the period. Louisiana State Employees Retirement System’s holdings in Autodesk were worth $8,069,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Starboard Value LP acquired a new stake in shares of Autodesk during the 3rd quarter worth approximately $510,189,000. International Assets Investment Management LLC boosted its holdings in Autodesk by 58,375.5% during the third quarter. International Assets Investment Management LLC now owns 567,797 shares of the software company’s stock worth $1,564,170,000 after buying an additional 566,826 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Autodesk by 394.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock valued at $156,296,000 after buying an additional 452,728 shares during the period. Franklin Resources Inc. increased its holdings in Autodesk by 36.5% in the third quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock valued at $413,405,000 after buying an additional 387,309 shares in the last quarter. Finally, State Street Corp raised its position in shares of Autodesk by 3.0% in the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after acquiring an additional 288,931 shares during the period. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the transaction, the director now owns 30,249 shares of the company’s stock, valued at $9,227,759.94. This represents a 1.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

NASDAQ ADSK opened at $299.72 on Wednesday. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The firm has a market capitalization of $64.44 billion, a P/E ratio of 59.47, a price-to-earnings-growth ratio of 3.17 and a beta of 1.43. The stock’s fifty day moving average is $299.70 and its two-hundred day moving average is $282.22. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 prior year, the firm posted $1.33 earnings per share. Autodesk’s quarterly revenue was up 11.0% on a year-over-year basis. On average, research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Macquarie started coverage on Autodesk in a research report on Thursday, December 12th. They set an “outperform” rating and a $380.00 target price on the stock. Robert W. Baird raised their price objective on Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, November 18th. BMO Capital Markets upped their target price on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a research note on Wednesday, November 27th. Barclays lifted their price target on shares of Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Hsbc Global Res lowered shares of Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Eight investment 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, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $333.77.

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.