Autodesk, Inc. (NASDAQ:ADSK) Stock Holdings Trimmed by State of Alaska Department of Revenue

State of Alaska Department of Revenue lessened its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,523 shares of the software company’s stock after selling 510 shares during the period. State of Alaska Department of Revenue’s holdings in Autodesk were worth $7,248,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in ADSK. Czech National Bank boosted its holdings in Autodesk by 7.7% in the third quarter. Czech National Bank now owns 43,888 shares of the software company’s stock worth $12,090,000 after purchasing an additional 3,125 shares during the period. Atomi Financial Group Inc. lifted its position in shares of Autodesk by 95.6% in the 3rd quarter. Atomi Financial Group Inc. now owns 2,077 shares of the software company’s stock worth $572,000 after buying an additional 1,015 shares during the last quarter. Marcum Wealth LLC boosted its holdings in shares of Autodesk by 6.6% in the 3rd quarter. Marcum Wealth LLC now owns 1,247 shares of the software company’s stock valued at $344,000 after buying an additional 77 shares during the period. Wedmont Private Capital grew its position in shares of Autodesk by 3.1% during the 3rd quarter. Wedmont Private Capital now owns 3,446 shares of the software company’s stock valued at $921,000 after buying an additional 104 shares during the last quarter. Finally, Patten Group Inc. raised its stake in Autodesk by 4.5% during the third quarter. Patten Group Inc. now owns 6,223 shares of the software company’s stock worth $1,714,000 after acquiring an additional 270 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insiders Place Their Bets

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the transaction, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Down 1.2 %

NASDAQ ADSK opened at $307.70 on Friday. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The company has a market capitalization of $66.16 billion, a P/E ratio of 61.05, a PEG ratio of 3.67 and a beta of 1.43. The company’s 50 day simple moving average is $299.01 and its 200 day simple moving average is $280.66. 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 (NASDAQ:ADSK) last posted its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.05. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.33 earnings per share. Equities research analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have commented on ADSK shares. Wells Fargo & Company lifted their target price on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and boosted their price objective for the company from $311.00 to $357.00 in a research report on Wednesday, January 8th. Morgan Stanley increased their target price on Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Macquarie initiated coverage on shares of Autodesk in a report on Thursday, December 12th. They set an “outperform” rating and a $380.00 price target for the company. Finally, Bank of America lifted their price objective on shares of Autodesk from $325.00 to $335.00 and gave the company a “neutral” rating in a research report on Tuesday. 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 MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average price target of $333.77.

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.