Bailard Inc. Decreases Stake in Autodesk, Inc. (NASDAQ:ADSK)

Bailard Inc. lowered its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 11.2% in the 4th quarter, Holdings Channel reports. The firm owned 6,418 shares of the software company’s stock after selling 812 shares during the period. Bailard Inc.’s holdings in Autodesk were worth $1,563,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ADSK. Founders Financial Securities LLC purchased a new stake in Autodesk during the third quarter valued at $206,000. Newbridge Financial Services Group Inc. grew its holdings in Autodesk by 61.3% during the third quarter. Newbridge Financial Services Group Inc. now owns 179 shares of the software company’s stock valued at $37,000 after purchasing an additional 68 shares during the period. Oak Thistle LLC boosted its stake in shares of Autodesk by 47.4% in the third quarter. Oak Thistle LLC now owns 4,377 shares of the software company’s stock worth $906,000 after acquiring an additional 1,408 shares during the period. Czech National Bank boosted its stake in shares of Autodesk by 47.3% in the third quarter. Czech National Bank now owns 37,354 shares of the software company’s stock worth $7,729,000 after acquiring an additional 12,002 shares during the period. Finally, Marshall Financial Group LLC boosted its stake in shares of Autodesk by 6.2% in the third quarter. Marshall Financial Group LLC now owns 3,320 shares of the software company’s stock worth $687,000 after acquiring an additional 193 shares during the period. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Mizuho increased their price target on Autodesk from $220.00 to $270.00 and gave the company a “neutral” rating in a research note on Friday, March 1st. The Goldman Sachs Group increased their price target on Autodesk from $180.00 to $230.00 and gave the company a “sell” rating in a research note on Friday, March 1st. KeyCorp increased their price target on Autodesk from $275.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, March 1st. Stifel Nicolaus reissued a “buy” rating and set a $316.00 price target on shares of Autodesk in a research note on Friday, April 12th. Finally, Rosenblatt Securities increased their price target on Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a research note on Friday, March 1st. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and an average target price of $272.44.

Insider Buying and Selling

In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of the stock in a transaction on Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total transaction of $457,645.79. Following the sale, the chief accounting officer now owns 3,450 shares of the company’s stock, valued at approximately $898,621.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Stephen W. Hope sold 1,757 shares of Autodesk stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total value of $457,645.79. Following the completion of the transaction, the chief accounting officer now owns 3,450 shares in the company, valued at approximately $898,621.50. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $264.74, for a total value of $145,607.00. Following the completion of the sale, the director now owns 38,766 shares in the company, valued at $10,262,910.84. The disclosure for this sale can be found here. Insiders have sold a total of 36,166 shares of company stock valued at $9,465,055 over the last quarter. 0.14% of the stock is owned by corporate insiders.

Autodesk Trading Up 0.8 %

NASDAQ:ADSK traded up $1.80 during midday trading on Friday, hitting $218.20. The stock had a trading volume of 373,233 shares, compared to its average volume of 1,458,884. Autodesk, Inc. has a one year low of $188.38 and a one year high of $279.53. The company has a market capitalization of $46.67 billion, a price-to-earnings ratio of 51.40, a PEG ratio of 2.96 and a beta of 1.43. The stock has a 50-day moving average of $248.34 and a 200 day moving average of $235.26. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.14. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The company had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.43 billion. During the same quarter in the prior year, the firm earned $1.26 earnings per share. Autodesk’s revenue was up 11.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Autodesk, Inc. will post 5.38 EPS for the current year.

Autodesk 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.