Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Marshall Financial Group LLC

Marshall Financial Group LLC lowered its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,454 shares of the software company’s stock after selling 37 shares during the quarter. Marshall Financial Group LLC’s holdings in Autodesk were worth $1,316,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ADSK. Starboard Value LP purchased a new position in shares of Autodesk during the 3rd quarter valued at about $510,189,000. International Assets Investment Management LLC raised its position 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 valued at $1,564,170,000 after acquiring an additional 566,826 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in Autodesk by 394.9% in 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 acquiring an additional 452,728 shares during the period. Franklin Resources Inc. boosted its position in Autodesk by 36.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock worth $413,405,000 after purchasing an additional 387,309 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after purchasing an additional 288,931 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Autodesk Stock Performance

NASDAQ ADSK opened at $300.83 on Friday. 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 $64.68 billion, a P/E ratio of 59.69, a price-to-earnings-growth ratio of 3.55 and a beta of 1.42. The stock’s fifty day moving average is $299.42 and its two-hundred day moving average is $277.16. 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 released its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share (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 firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the business earned $1.33 earnings per share. Autodesk’s revenue was up 11.0% compared to the same quarter last year. On average, research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insider Activity

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated 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 owns 30,249 shares of the company’s stock, valued at $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

ADSK has been the subject of several analyst reports. Rosenblatt Securities boosted their target price on shares of Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Mizuho upped their price objective on shares of Autodesk from $260.00 to $280.00 and gave the stock a “neutral” rating in a research report on Wednesday, November 27th. Robert W. Baird raised their target price on Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. Wells Fargo & Company upped their price target on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, UBS Group assumed coverage on Autodesk in a report on Monday, December 2nd. They issued a “buy” rating and a $350.00 price objective on the stock. Nine analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $326.05.

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.