BDF Gestion Trims Position in Autodesk, Inc. (NASDAQ:ADSK)

BDF Gestion decreased its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 46.3% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 18,396 shares of the software company’s stock after selling 15,830 shares during the quarter. BDF Gestion’s holdings in Autodesk were worth $5,437,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Livelsberger Financial Advisory purchased a new position in shares of Autodesk in the third quarter valued at about $27,000. Concord Wealth Partners purchased a new position in Autodesk in the 3rd quarter worth approximately $28,000. Transcendent Capital Group LLC bought a new position in Autodesk in the 3rd quarter worth approximately $28,000. Central Pacific Bank Trust Division purchased a new stake in Autodesk during the 4th quarter valued at approximately $37,000. Finally, Wolff Wiese Magana LLC raised its position in shares of Autodesk by 3,625.0% during the third quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock valued at $41,000 after buying an additional 145 shares during the last quarter. Institutional investors own 90.24% of the company’s stock.

Autodesk Price Performance

Shares of ADSK stock opened at $304.17 on Thursday. The stock has a market capitalization of $65.40 billion, a price-to-earnings ratio of 60.35, a P/E/G ratio of 3.55 and a beta of 1.42. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The stock has a fifty day simple moving average of $299.46 and a two-hundred day simple moving average of $278.36.

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

Analysts Set New Price Targets

A number of brokerages have issued reports on ADSK. BMO Capital Markets lifted their price target on shares of Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. Robert W. Baird increased their price target on Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a research note on Monday, November 18th. Morgan Stanley raised their price target on Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. HSBC downgraded Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price for the company. in a research report on Friday, November 29th. Finally, Citigroup boosted their price target on shares of Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a research report on Friday, November 29th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $331.50.

Insider Activity at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing 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.