Blue Trust Inc. Buys 773 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Blue Trust Inc. increased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 31.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 3,207 shares of the software company’s stock after acquiring an additional 773 shares during the period. Blue Trust Inc.’s holdings in Autodesk were worth $883,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Jag Capital Management LLC bought a new position in shares of Autodesk in the 3rd quarter worth $13,861,000. LMR Partners LLP acquired a new stake in shares of Autodesk in the 3rd quarter valued at approximately $12,643,000. Starboard Value LP bought a new position in Autodesk during the 3rd quarter worth approximately $510,189,000. Erste Asset Management GmbH acquired a new position in Autodesk during the third quarter valued at approximately $20,087,000. Finally, Brookstone Capital Management increased its position in shares of Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after buying an additional 26,768 shares in the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Wells Fargo & Company boosted their target price on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Macquarie began coverage on shares of Autodesk in a research note on Thursday, December 12th. They issued an “outperform” rating and a $380.00 price target on the stock. KeyCorp upped their target price on shares of Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 20th. Barclays lifted their price target on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Finally, Citigroup raised their price target on shares of Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. Eight analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $331.50.

Autodesk Stock Down 1.9 %

Shares of ADSK opened at $304.17 on Thursday. The firm’s 50-day simple moving average is $299.46 and its 200 day simple moving average is $278.36. 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 firm has a market cap of $65.40 billion, a P/E ratio of 60.35, a price-to-earnings-growth ratio of 3.55 and a beta of 1.42. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.05. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same quarter last year, the business earned $1.33 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Insider Activity at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction on 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 of the company’s stock, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

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.