Gulf International Bank UK Ltd Sells 171 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Gulf International Bank UK Ltd lessened its position in Autodesk, Inc. (NASDAQ:ADSK) by 1.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 16,735 shares of the software company’s stock after selling 171 shares during the period. Gulf International Bank UK Ltd’s holdings in Autodesk were worth $4,946,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ADSK. Golden State Wealth Management LLC purchased a new stake in shares of Autodesk during the fourth quarter worth about $25,000. Transcendent Capital Group LLC bought a new position in Autodesk during the 3rd quarter valued at approximately $28,000. Tradewinds Capital Management LLC lifted its holdings in Autodesk by 100.0% in the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after buying an additional 50 shares during the period. Addison Advisors LLC grew its position in shares of Autodesk by 157.4% in the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock worth $36,000 after buying an additional 74 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Autodesk in the 4th quarter worth approximately $37,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. KeyCorp upped their price objective on shares of Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a report on Wednesday, November 20th. Barclays upped their price target on Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Hsbc Global Res downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Citigroup dropped their target price on shares of Autodesk from $361.00 to $339.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Macquarie initiated coverage on shares of Autodesk in a research note on Thursday, December 12th. They issued an “outperform” rating and a $380.00 price target for the company. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $333.45.

Autodesk Stock Down 1.2 %

Autodesk stock opened at $282.35 on Friday. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The stock has a fifty day simple moving average of $297.11 and a two-hundred day simple moving average of $286.59. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The firm has a market cap of $60.71 billion, a price-to-earnings ratio of 56.02, a PEG ratio of 2.94 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, beating 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 company had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. During the same period last year, the firm posted $1.33 earnings per share. Autodesk’s revenue was up 11.0% compared to the same quarter last year. Equities analysts predict that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

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.