Yousif Capital Management LLC Has $6.88 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Yousif Capital Management LLC trimmed its position in Autodesk, Inc. (NASDAQ:ADSK) by 3.5% in the fourth quarter, HoldingsChannel.com reports. The firm owned 28,252 shares of the software company’s stock after selling 1,013 shares during the period. Yousif Capital Management LLC’s holdings in Autodesk were worth $6,879,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Rakuten Securities Inc. acquired a new position in Autodesk during the fourth quarter worth $28,000. AdvisorNet Financial Inc raised its stake in Autodesk by 67.1% during the fourth quarter. AdvisorNet Financial Inc now owns 142 shares of the software company’s stock worth $35,000 after acquiring an additional 57 shares in the last quarter. Operose Advisors LLC acquired a new position in Autodesk during the third quarter worth $35,000. Anchor Investment Management LLC acquired a new position in Autodesk during the fourth quarter worth $41,000. Finally, Newbridge Financial Services Group Inc. raised its stake in Autodesk by 61.3% during the third quarter. Newbridge Financial Services Group Inc. now owns 179 shares of the software company’s stock worth $37,000 after acquiring an additional 68 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Trading Down 0.3 %

NASDAQ ADSK opened at $214.28 on Thursday. The firm has a market cap of $45.83 billion, a P/E ratio of 51.07, a P/E/G ratio of 3.00 and a beta of 1.43. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. The stock’s 50-day moving average is $249.24 and its 200-day moving average is $235.39. Autodesk, Inc. has a one year low of $188.38 and a one year high of $279.53.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.14. The company had revenue of $1.47 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the firm posted $1.26 earnings per share. Sell-side analysts anticipate that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on ADSK shares. Citigroup increased their price objective on Autodesk from $276.00 to $307.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Royal Bank of Canada restated an “outperform” rating and set a $320.00 target price on shares of Autodesk in a report on Monday, April 1st. Oppenheimer increased their target price on Autodesk from $265.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. TheStreet upgraded Autodesk from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Finally, StockNews.com upgraded Autodesk from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $272.44.

Insider Transactions at Autodesk

In other news, CAO Stephen W. Hope sold 1,757 shares of the firm’s stock in a transaction dated 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 $898,621.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In related news, CAO Stephen W. Hope sold 1,757 shares of Autodesk stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $260.47, for a total value 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 SEC, which can be accessed through this link. Also, CEO Andrew Anagnost sold 21,053 shares of Autodesk stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total value of $5,473,569.47. Following the completion of the sale, the chief executive officer now directly owns 105,213 shares in the company, valued at approximately $27,354,327.87. 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 90 days. 0.14% of the stock is owned by company insiders.

About Autodesk

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.