Kintegral Advisory LLC Cuts Position in Autodesk, Inc. (NASDAQ:ADSK)

Kintegral Advisory LLC reduced its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 4.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,790 shares of the software company’s stock after selling 642 shares during the quarter. Kintegral Advisory LLC’s holdings in Autodesk were worth $4,076,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Starboard Value LP acquired a new stake in Autodesk in the third quarter valued at approximately $510,189,000. Massachusetts Financial Services Co. MA lifted its holdings in shares of Autodesk by 394.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock valued at $156,296,000 after purchasing an additional 452,728 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Autodesk by 36.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock worth $413,405,000 after purchasing an additional 387,309 shares in the last quarter. State Street Corp grew its stake in Autodesk by 3.0% during the 3rd quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after buying an additional 288,931 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in 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 buying an additional 245,816 shares during the last quarter. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Trading Down 2.1 %

Autodesk stock opened at $285.00 on Friday. The firm has a market cap of $61.28 billion, a PE ratio of 56.55, a P/E/G ratio of 3.08 and a beta of 1.43. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The stock’s 50 day simple moving average is $298.25 and its two-hundred day simple moving average is $285.27. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76.

Autodesk (NASDAQ:ADSK) last posted its 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 firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business’s 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 EPS. Analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Wells Fargo & Company increased their price target on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Mizuho raised shares of Autodesk from a “neutral” rating to an “outperform” rating and increased their price objective for the company from $280.00 to $400.00 in a research report on Tuesday, January 28th. Scotiabank initiated coverage on shares of Autodesk in a research report on Monday, November 18th. They set a “sector outperform” rating and a $360.00 target price on the stock. Macquarie assumed coverage on shares of Autodesk in a report on Thursday, December 12th. They issued an “outperform” rating and a $380.00 price target for the company. Finally, Morgan Stanley lifted their price objective on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Eight analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $334.45.

Autodesk Company 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.