Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Avior Wealth Management LLC

Avior Wealth Management LLC reduced its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 7.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,467 shares of the software company’s stock after selling 336 shares during the period. Avior Wealth Management LLC’s holdings in Autodesk were worth $1,320,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of ADSK. AE Wealth Management LLC raised its position in shares of Autodesk by 28.6% during the 2nd quarter. AE Wealth Management LLC now owns 1,328 shares of the software company’s stock worth $329,000 after purchasing an additional 295 shares during the last quarter. 1832 Asset Management L.P. raised its holdings in Autodesk by 34.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 2,702 shares of the software company’s stock valued at $669,000 after acquiring an additional 687 shares during the last quarter. Evergreen Capital Management LLC raised its holdings in Autodesk by 29.6% in the 2nd quarter. Evergreen Capital Management LLC now owns 1,109 shares of the software company’s stock valued at $274,000 after acquiring an additional 253 shares during the last quarter. MBB Public Markets I LLC acquired a new position in Autodesk in the 2nd quarter valued at $3,583,000. Finally, Maverick Capital Ltd. acquired a new position in Autodesk in the 2nd quarter valued at $1,437,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the sale, the director now owns 30,249 shares in the company, valued at approximately $9,227,759.94. This trade represents a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ADSK shares. Hsbc Global Res downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. Scotiabank started coverage on Autodesk in a report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 price target for the company. DA Davidson started coverage on Autodesk in a report on Friday, September 27th. They issued a “neutral” rating and a $260.00 price target for the company. Rosenblatt Securities boosted their price target on Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Finally, Barclays upped their price objective on Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Nine research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $326.05.

Autodesk Stock Performance

Shares of ADSK stock opened at $300.83 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 one year low of $195.32 and a one year high of $326.62. The company’s 50-day simple moving average is $299.39 and its 200-day simple moving average is $276.80. The stock has a market capitalization of $64.68 billion, a price-to-earnings ratio of 59.69, a PEG ratio of 3.55 and a beta of 1.42.

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

About Autodesk

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.