Mainsail Financial Group LLC Sells 66 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Mainsail Financial Group LLC decreased its stake in Autodesk, Inc. (NASDAQ:ADSK) by 1.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,165 shares of the software company’s stock after selling 66 shares during the period. Autodesk accounts for approximately 0.9% of Mainsail Financial Group LLC’s holdings, making the stock its 26th largest position. Mainsail Financial Group LLC’s holdings in Autodesk were worth $1,527,000 as of its most recent SEC filing.

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

Insider Activity at Autodesk

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

Autodesk Trading Down 2.1 %

Shares of ADSK stock opened at $301.15 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. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The company has a market cap of $64.75 billion, a PE ratio of 59.75, a P/E/G ratio of 3.67 and a beta of 1.43. The stock’s fifty day moving average price is $299.35 and its two-hundred day moving average price is $280.85.

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

Analysts Set New Price Targets

A number of research firms recently commented on ADSK. Oppenheimer lifted their price target on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Barclays raised their target price on shares of Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Morgan Stanley upped their price target on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. Wells Fargo & Company increased their price target on shares of Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, Stifel Nicolaus upped their target price on Autodesk from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $333.77.

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.