Norden Group LLC Has $1.98 Million Position in Autodesk, Inc. (NASDAQ:ADSK)

Norden Group LLC trimmed its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 16.0% during the 4th quarter, HoldingsChannel reports. The fund owned 8,139 shares of the software company’s stock after selling 1,549 shares during the quarter. Norden Group LLC’s holdings in Autodesk were worth $1,982,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in ADSK. Intrust Bank NA increased its position in shares of Autodesk by 11.7% during the fourth quarter. Intrust Bank NA now owns 2,169 shares of the software company’s stock valued at $528,000 after purchasing an additional 227 shares during the period. Investment House LLC increased its holdings in Autodesk by 0.3% in the 4th quarter. Investment House LLC now owns 55,120 shares of the software company’s stock valued at $13,421,000 after buying an additional 140 shares during the period. Choreo LLC acquired a new position in shares of Autodesk in the 4th quarter valued at $208,000. Gilbert & Cook Inc. lifted its holdings in shares of Autodesk by 5.5% during the 4th quarter. Gilbert & Cook Inc. now owns 1,974 shares of the software company’s stock worth $481,000 after acquiring an additional 103 shares during the period. Finally, Eagle Wealth Strategies LLC bought a new position in shares of Autodesk during the 4th quarter worth about $251,000. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK stock traded down $2.05 during trading hours on Tuesday, reaching $214.73. 499,327 shares of the company were exchanged, compared to its average volume of 1,457,884. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.82 and a quick ratio of 0.75. The company has a market cap of $45.93 billion, a price-to-earnings ratio of 51.49, a P/E/G ratio of 3.00 and a beta of 1.43. The stock’s fifty day moving average is $246.70 and its two-hundred day moving average is $235.66. Autodesk, Inc. has a fifty-two week low of $189.54 and a fifty-two week high of $279.53.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.95 by $0.14. The firm had revenue of $1.47 billion for the quarter, compared to analyst estimates of $1.43 billion. Autodesk had a return on equity of 75.01% and a net margin of 16.48%. The business’s quarterly revenue was up 11.5% compared to the same quarter last year. During the same period last year, the company earned $1.26 EPS. Sell-side analysts forecast that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $264.74, for a total transaction of $145,607.00. Following the transaction, the director now directly owns 38,766 shares in the company, valued at approximately $10,262,910.84. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $264.74, for a total value of $145,607.00. Following the completion of the sale, the director now owns 38,766 shares in the company, valued at $10,262,910.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Mary T. Mcdowell sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $275.00, for a total transaction of $1,375,000.00. Following the transaction, the director now owns 33,766 shares of the company’s stock, valued at approximately $9,285,650. The disclosure for this sale can be found here. Insiders sold a total of 36,166 shares of company stock worth $9,465,055 over the last three months. 0.14% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $320.00 price target on shares of Autodesk in a research report on Monday, April 1st. KeyCorp upped their price target on Autodesk from $275.00 to $320.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. Rosenblatt Securities lifted their price objective on Autodesk from $265.00 to $290.00 and gave the company a “buy” rating in a report on Friday, March 1st. The Goldman Sachs Group upped their target price on shares of Autodesk from $180.00 to $230.00 and gave the stock a “sell” rating in a report on Friday, March 1st. Finally, StockNews.com cut shares of Autodesk from a “strong-buy” rating to a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.