ING Groep NV Sells 246 Shares of Autodesk, Inc. (NASDAQ:ADSK)

ING Groep NV trimmed its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 120,613 shares of the software company’s stock after selling 246 shares during the quarter. ING Groep NV owned about 0.06% of Autodesk worth $35,650,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in Autodesk during the fourth quarter worth $25,000. Concord Wealth Partners bought a new position in Autodesk during the third quarter worth $28,000. Transcendent Capital Group LLC bought a new position in Autodesk during the third quarter worth $28,000. Central Pacific Bank Trust Division bought a new position in Autodesk during the fourth quarter worth $37,000. Finally, Sierra Ocean LLC bought a new position in Autodesk during the fourth quarter worth $39,000. 90.24% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently weighed in on ADSK. KeyCorp lifted their target price on Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Stifel Nicolaus lifted their target price on Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Hsbc Global Res downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and lifted their target price for the stock from $280.00 to $400.00 in a report on Tuesday, January 28th. Finally, Barclays boosted their price target on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $334.45.

Autodesk Stock Performance

NASDAQ:ADSK opened at $299.06 on Thursday. The stock has a market cap of $64.30 billion, a P/E ratio of 59.34, a price-to-earnings-growth ratio of 3.12 and a beta of 1.43. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock’s 50-day moving average is $298.99 and its 200-day moving average is $284.82. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping 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 business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.33 earnings per share. Equities research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

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.