Autodesk, Inc. (NASDAQ:ADSK) Stock Holdings Reduced by HF Advisory Group LLC

HF Advisory Group LLC trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 1.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,760 shares of the software company’s stock after selling 51 shares during the quarter. HF Advisory Group LLC’s holdings in Autodesk were worth $816,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in ADSK. State Street Corp grew its position in Autodesk by 3.0% in the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after acquiring an additional 288,931 shares in the last quarter. FMR LLC increased its position in Autodesk by 0.8% during the third quarter. FMR LLC now owns 5,653,602 shares of the software company’s stock worth $1,557,454,000 after buying an additional 46,069 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Autodesk by 2.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company’s stock worth $657,292,000 after buying an additional 61,785 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Autodesk by 12.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after acquiring an additional 245,816 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Autodesk by 4.0% during the 2nd quarter. Legal & General Group Plc now owns 2,117,357 shares of the software company’s stock valued at $523,940,000 after acquiring an additional 81,314 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on ADSK shares. Robert W. Baird increased their price target on Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Wells Fargo & Company upped their price target on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. DA Davidson assumed coverage on Autodesk in a research note on Friday, September 27th. They issued a “neutral” rating and a $260.00 price objective on the stock. Piper Sandler upgraded Autodesk from a “neutral” rating to an “overweight” rating and increased their target price for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Finally, Citigroup upped their price target on Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a report on Friday, November 29th. Nine analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus target price of $326.05.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $291.45 on Friday. The company has a market capitalization of $62.66 billion, a P/E ratio of 57.83, a P/E/G ratio of 3.36 and a beta of 1.42. 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 has a 50 day moving average of $300.44 and a 200-day moving average of $275.39. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month 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, beating analysts’ consensus estimates of $2.12 by $0.05. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.33 earnings per share. As a group, equities research analysts predict that Autodesk, Inc. will post 5.76 EPS for the current year.

Insiders Place Their Bets

In other news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the sale, the director now directly owns 30,249 shares in the company, valued at $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.14% of the stock is currently owned by 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.