Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC trimmed its stake in Autodesk, Inc. (NASDAQ:ADSKFree Report) by 0.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 180,220 shares of the software company’s stock after selling 1,452 shares during the quarter. DAVENPORT & Co LLC’s holdings in Autodesk were worth $43,985,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. O Shaughnessy Asset Management LLC lifted its stake in Autodesk by 86.2% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company’s stock worth $1,959,000 after acquiring an additional 4,381 shares in the last quarter. CWA Asset Management Group LLC acquired a new position in Autodesk in the 3rd quarter worth about $330,000. Carnegie Capital Asset Management LLC increased its position in Autodesk by 60.5% in the 3rd quarter. Carnegie Capital Asset Management LLC now owns 19,776 shares of the software company’s stock worth $4,092,000 after purchasing an additional 7,451 shares during the last quarter. Columbia Trust Co 01012016 increased its position in Autodesk by 13.1% in the 4th quarter. Columbia Trust Co 01012016 now owns 4,355 shares of the software company’s stock worth $1,060,000 after purchasing an additional 503 shares during the last quarter. Finally, Matrix Capital Management Company LP acquired a new position in Autodesk in the 2nd quarter worth about $24,349,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ADSK has been the topic of several research reports. TheStreet raised Autodesk from a “c+” rating to a “b-” rating in a research report on Friday, December 29th. Piper Sandler increased their price objective on Autodesk from $234.00 to $260.00 and gave the company a “neutral” rating in a report on Friday, March 1st. Bank Of America (Bofa) increased their price objective on Autodesk from $235.00 to $240.00 in a report on Monday, December 11th. Royal Bank of Canada reissued an “outperform” rating and set a $320.00 price objective on shares of Autodesk in a report on Monday. Finally, KeyCorp increased their price objective on Autodesk from $275.00 to $320.00 and gave the company an “overweight” rating in a report on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $272.44.

Read Our Latest Stock Analysis on ADSK

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 5,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $275.00, for a total transaction of $1,375,000.00. Following the completion of the sale, the director now directly owns 33,766 shares of the company’s stock, valued at approximately $9,285,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Mary T. Mcdowell sold 5,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $275.00, for a total transaction of $1,375,000.00. Following the completion of the sale, the director now directly owns 33,766 shares of the company’s stock, valued at approximately $9,285,650. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $240.28, for a total value of $132,154.00. Following the sale, the director now directly owns 41,816 shares of the company’s stock, valued at $10,047,548.48. The disclosure for this sale can be found here. Insiders sold 46,770 shares of company stock worth $12,065,385 in the last 90 days. 0.14% of the stock is owned by company insiders.

Autodesk Price Performance

Shares of ADSK stock opened at $248.71 on Wednesday. The stock has a 50 day moving average of $257.60 and a two-hundred day moving average of $232.59. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23. Autodesk, Inc. has a 12 month low of $188.38 and a 12 month high of $279.53. The company has a market capitalization of $53.20 billion, a P/E ratio of 59.08, a P/E/G ratio of 3.57 and a beta of 1.43.

Autodesk (NASDAQ:ADSKGet Free Report) last posted its earnings results on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.95 by $0.14. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. Autodesk’s revenue was up 11.5% on a year-over-year basis. During the same quarter last year, the company earned $1.26 EPS. As a group, equities analysts expect that Autodesk, Inc. will post 5.38 EPS for the current year.

Autodesk Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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