Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by DB Fitzpatrick & Co Inc

DB Fitzpatrick & Co Inc cut its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 65.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,085 shares of the software company’s stock after selling 3,953 shares during the quarter. DB Fitzpatrick & Co Inc’s holdings in Autodesk were worth $616,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ADSK. Merit Financial Group LLC raised its position in Autodesk by 84.2% in the fourth quarter. Merit Financial Group LLC now owns 1,728 shares of the software company’s stock worth $511,000 after acquiring an additional 790 shares in the last quarter. Avanza Fonder AB bought a new stake in shares of Autodesk in the 4th quarter worth approximately $6,050,000. Procyon Advisors LLC lifted its stake in Autodesk by 1.4% during the fourth quarter. Procyon Advisors LLC now owns 23,371 shares of the software company’s stock valued at $6,908,000 after purchasing an additional 334 shares during the last quarter. Empirical Asset Management LLC bought a new stake in Autodesk during the fourth quarter worth approximately $1,355,000. Finally, Bouvel Investment Partners LLC grew its position in Autodesk by 0.5% in the fourth quarter. Bouvel Investment Partners LLC now owns 12,051 shares of the software company’s stock worth $3,562,000 after buying an additional 63 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Morgan Stanley raised their price objective on Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Barclays increased their price target on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. UBS Group initiated coverage on Autodesk in a report on Monday, December 2nd. They set a “buy” rating and a $350.00 price objective on the stock. Citigroup raised their target price on shares of Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a report on Friday, November 29th. Finally, KeyCorp boosted their price target on shares of Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a report on Wednesday, November 20th. Nine research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Autodesk has a consensus rating of “Moderate Buy” and an average target price of $326.05.

Insider Buying and Selling

In related news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the transaction, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.14% of the company’s stock.

Autodesk Stock Performance

ADSK stock opened at $291.45 on Friday. The company has a market capitalization of $62.66 billion, a price-to-earnings ratio of 57.83, a P/E/G ratio of 3.36 and a beta of 1.42. The firm has a 50 day moving average of $300.72 and a two-hundred day moving average of $275.07. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62.

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