Bradley Foster & Sargent Inc. CT Decreases Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

Bradley Foster & Sargent Inc. CT decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 3.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,021 shares of the software company’s stock after selling 107 shares during the period. Bradley Foster & Sargent Inc. CT’s holdings in Autodesk were worth $893,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new position in shares of Autodesk in the 4th quarter valued at approximately $25,000. Concord Wealth Partners bought a new stake in shares of Autodesk in the third quarter worth $28,000. Transcendent Capital Group LLC bought a new stake in shares of Autodesk in the 3rd quarter worth about $28,000. Central Pacific Bank Trust Division bought a new stake in shares of Autodesk in the 4th quarter worth about $37,000. Finally, Sierra Ocean LLC acquired a new stake in shares of Autodesk in the 4th quarter valued at about $39,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Down 2.1 %

NASDAQ:ADSK opened at $285.00 on Friday. The stock has a market cap of $61.28 billion, a price-to-earnings ratio of 56.55, a PEG ratio of 3.00 and a beta of 1.43. 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, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The business has a fifty day moving average of $298.25 and a 200-day moving average of $285.63.

Autodesk (NASDAQ:ADSK) last announced its earnings results 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. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. Autodesk’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.33 EPS. Equities analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of research reports. Oppenheimer lifted their price target on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Stifel Nicolaus lifted their target price on Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Rosenblatt Securities upped their price target on Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Citigroup raised their price objective on Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. Finally, Bank of America boosted their target price on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research note on Tuesday, February 4th. Eight equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $334.45.

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.