Tilt Investment Management Holdings PBC Has $210,000 Stake in Autodesk, Inc. (NASDAQ:ADSK)

Tilt Investment Management Holdings PBC trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 24.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 861 shares of the software company’s stock after selling 278 shares during the period. Tilt Investment Management Holdings PBC’s holdings in Autodesk were worth $210,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. O Shaughnessy Asset Management LLC increased its holdings in shares of Autodesk by 86.2% in the third quarter. O Shaughnessy Asset Management LLC now owns 9,466 shares of the software company’s stock valued at $1,959,000 after purchasing an additional 4,381 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of Autodesk in the third quarter valued at about $330,000. Louisiana State Employees Retirement System acquired a new position in shares of Autodesk in the fourth quarter valued at about $7,280,000. International Assets Investment Management LLC grew its stake in shares of Autodesk by 3,539.1% in the fourth quarter. International Assets Investment Management LLC now owns 227,410 shares of the software company’s stock valued at $55,370,000 after acquiring an additional 221,161 shares in the last quarter. Finally, Columbia Trust Co 01012016 grew its stake in shares of Autodesk by 13.1% in the fourth quarter. Columbia Trust Co 01012016 now owns 4,355 shares of the software company’s stock valued at $1,060,000 after acquiring an additional 503 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $264.74, for a total transaction of $145,607.00. Following the completion of the sale, the director now owns 38,766 shares of the company’s stock, valued at approximately $10,262,910.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director Mary T. Mcdowell sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $250.00, for a total transaction of $625,000.00. Following the completion of the sale, the director now owns 39,316 shares of the company’s stock, valued at approximately $9,829,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $264.74, for a total transaction of $145,607.00. Following the sale, the director now directly owns 38,766 shares of the company’s stock, valued at approximately $10,262,910.84. The disclosure for this sale can be found here. Insiders sold a total of 38,666 shares of company stock valued at $10,090,055 in the last quarter. 0.14% of the stock is currently owned by company insiders.

Autodesk Stock Performance

NASDAQ:ADSK opened at $209.30 on Friday. The company has a market capitalization of $44.77 billion, a PE ratio of 50.03, a P/E/G ratio of 2.95 and a beta of 1.43. The company has a 50 day simple moving average of $252.86 and a two-hundred day simple moving average of $234.92. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.75 and a current ratio of 0.82. Autodesk, Inc. has a fifty-two week low of $188.38 and a fifty-two week high of $279.53.

Autodesk (NASDAQ:ADSK) last released its earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. The business had revenue of $1.47 billion during the quarter, compared to the consensus estimate of $1.43 billion. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The company’s revenue for the quarter was up 11.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.26 EPS. Research analysts anticipate that Autodesk, Inc. will post 5.38 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on ADSK. BMO Capital Markets upped their price objective on shares of Autodesk from $232.00 to $293.00 and gave the stock a “market perform” rating in a research report on Friday, March 1st. The Goldman Sachs Group upped their price objective on shares of Autodesk from $180.00 to $230.00 and gave the stock a “sell” rating in a research report on Friday, March 1st. Rosenblatt Securities upped their price objective on shares of Autodesk from $265.00 to $290.00 and gave the stock a “buy” rating in a research report on Friday, March 1st. Piper Sandler Companies upped their price objective on shares of Autodesk from $234.00 to $260.00 and gave the stock a “neutral” rating in a research report on Friday, March 1st. Finally, Oppenheimer increased their target price on shares of Autodesk from $265.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $272.44.

Autodesk 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.