Virtus Fund Advisers LLC trimmed its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 21.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 101,905 shares of the software company’s stock after selling 27,087 shares during the period. Virtus Fund Advisers LLC’s holdings in Autodesk were worth $10,683,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of ADSK. Cerebellum GP LLC acquired a new stake in Autodesk during the fourth quarter worth about $116,000. Cable Hill Partners LLC grew its holdings in Autodesk by 276.7% during the third quarter. Cable Hill Partners LLC now owns 1,292 shares of the software company’s stock worth $145,000 after acquiring an additional 949 shares during the period. Exane Derivatives acquired a new stake in Autodesk during the fourth quarter worth about $199,000. Cedar Capital LLC acquired a new stake in Autodesk during the third quarter worth about $207,000. Finally, Chilton Investment Co. LLC acquired a new stake in Autodesk during the fourth quarter worth about $210,000. 94.30% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Autodesk, Inc. (NASDAQ ADSK) opened at $114.27 on Wednesday. The company has a debt-to-equity ratio of 14.78, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $25,170.00, a P/E ratio of -44.46, a price-to-earnings-growth ratio of 15.24 and a beta of 1.91. Autodesk, Inc. has a 1-year low of $81.75 and a 1-year high of $131.10.
Several analysts recently commented on ADSK shares. Canaccord Genuity reaffirmed a “buy” rating and set a $140.00 target price (up from $125.00) on shares of Autodesk in a report on Thursday, November 16th. Evercore ISI set a $135.00 target price on Autodesk and gave the stock a “buy” rating in a report on Wednesday, November 15th. Royal Bank of Canada reaffirmed a “buy” rating on shares of Autodesk in a report on Wednesday, November 15th. Guggenheim raised Autodesk from a “neutral” rating to a “buy” rating and set a $150.00 target price on the stock in a report on Monday, November 13th. Finally, KeyCorp reaffirmed a “buy” rating and set a $128.00 target price on shares of Autodesk in a report on Friday, November 10th. Four investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Autodesk has a consensus rating of “Buy” and a consensus price target of $132.68.
In other news, CFO Richard Scott Herren sold 5,738 shares of Autodesk stock in a transaction that occurred on Friday, November 24th. The stock was sold at an average price of $128.14, for a total value of $735,267.32. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $106.29, for a total value of $159,435.00. The disclosure for this sale can be found here. Insiders sold 19,248 shares of company stock worth $2,148,546 over the last ninety days. Corporate insiders own 6.10% of the company’s stock.
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Autodesk Company Profile
Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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