Alpha Omega Wealth Management LLC Sells 56 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Alpha Omega Wealth Management LLC cut its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 846 shares of the software company’s stock after selling 56 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Autodesk were worth $250,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Algert Global LLC bought a new stake in Autodesk in the second quarter valued at $579,000. Healthcare of Ontario Pension Plan Trust Fund increased its position in Autodesk by 613.2% in the 2nd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 41,895 shares of the software company’s stock valued at $10,367,000 after buying an additional 36,021 shares in the last quarter. Czech National Bank raised its stake in Autodesk by 7.7% during the 3rd quarter. Czech National Bank now owns 43,888 shares of the software company’s stock worth $12,090,000 after buying an additional 3,125 shares during the period. Canandaigua National Bank & Trust Co. boosted its holdings in Autodesk by 2.8% in the third quarter. Canandaigua National Bank & Trust Co. now owns 4,356 shares of the software company’s stock worth $1,200,000 after acquiring an additional 120 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Autodesk by 26.8% in the third quarter. GAMMA Investing LLC now owns 4,653 shares of the software company’s stock valued at $1,282,000 after acquiring an additional 984 shares during the period. 90.24% of the stock is owned by institutional investors and hedge funds.

Autodesk Trading Up 0.4 %

Shares of Autodesk stock opened at $311.34 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market capitalization of $66.94 billion, a P/E ratio of 61.77, a P/E/G ratio of 3.59 and a beta of 1.42. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The stock’s 50-day simple moving average is $299.08 and its 200 day simple moving average is $279.16.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period in the prior year, the company posted $1.33 EPS. Autodesk’s revenue was up 11.0% compared to the same quarter last year. As a group, research analysts anticipate that Autodesk, Inc. will post 5.76 EPS for the current year.

Insider Activity at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the business’s 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 completion of the transaction, the director now owns 30,249 shares of the company’s stock, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ADSK has been the topic of a number of research reports. Rosenblatt Securities upped their target price on Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Oppenheimer raised their price objective on shares of Autodesk from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Friday, November 22nd. Robert W. Baird boosted their target price on shares of Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Hsbc Global Res cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Finally, BMO Capital Markets boosted their price objective on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $331.50.

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.