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

Stephens Inc. AR lowered its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.8% in the fourth quarter, Holdings Channel reports. The firm owned 10,995 shares of the software company’s stock after selling 84 shares during the quarter. Stephens Inc. AR’s holdings in Autodesk were worth $3,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of the business. Golden State Wealth Management LLC purchased a new position in shares of Autodesk during the fourth quarter worth about $25,000. Livelsberger Financial Advisory acquired a new stake in Autodesk during the 3rd quarter worth approximately $27,000. Transcendent Capital Group LLC purchased a new position in shares of Autodesk in the 3rd quarter valued at approximately $28,000. Concord Wealth Partners acquired a new position in shares of Autodesk in the third quarter valued at approximately $28,000. Finally, Central Pacific Bank Trust Division purchased a new stake in shares of Autodesk during the fourth quarter worth approximately $37,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction 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 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 through this link. Insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

ADSK has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective on shares of Autodesk from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Morgan Stanley boosted their price target on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Barclays raised their price objective on shares of Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Bank of America boosted their target price on Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Finally, KeyCorp raised their price target on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Eight investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Autodesk currently has a consensus rating of “Moderate Buy” and an average price target of $333.77.

Autodesk Trading Up 1.3 %

Shares of Autodesk stock opened at $304.99 on Tuesday. 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 1 year low of $195.32 and a 1 year high of $326.62. The business has a 50 day moving average price of $299.53 and a 200 day moving average price of $281.78. The company has a market capitalization of $65.57 billion, a P/E ratio of 60.51, a P/E/G ratio of 3.17 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last announced 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 the consensus estimate of $1.56 billion. During the same quarter in the previous year, the company posted $1.33 EPS. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. Sell-side analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

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.