Teachers Retirement System of The State of Kentucky trimmed its holdings in Autodesk, Inc. (NASDAQ:ADSK – Get Rating) by 4.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,557 shares of the software company’s stock after selling 677 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Autodesk were worth $3,335,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Hanson & Doremus Investment Management increased its position in Autodesk by 1,136.4% in the 1st quarter. Hanson & Doremus Investment Management now owns 136 shares of the software company’s stock valued at $29,000 after buying an additional 125 shares in the last quarter. Bank of New Hampshire bought a new stake in Autodesk in the 1st quarter valued at about $33,000. CVA Family Office LLC increased its position in Autodesk by 81.4% in the 1st quarter. CVA Family Office LLC now owns 156 shares of the software company’s stock valued at $33,000 after buying an additional 70 shares in the last quarter. First Manhattan Co. increased its position in Autodesk by 342.9% in the 1st quarter. First Manhattan Co. now owns 155 shares of the software company’s stock valued at $33,000 after buying an additional 120 shares in the last quarter. Finally, Worth Asset Management LLC bought a new stake in Autodesk in the 1st quarter valued at about $36,000. 86.44% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
ADSK has been the subject of a number of recent research reports. The Goldman Sachs Group decreased their price objective on Autodesk from $210.00 to $185.00 and set a “sell” rating for the company in a report on Tuesday, May 31st. Barclays boosted their price objective on Autodesk from $263.00 to $275.00 and gave the stock an “overweight” rating in a report on Thursday, August 25th. Rosenblatt Securities decreased their price objective on Autodesk from $285.00 to $270.00 and set a “buy” rating for the company in a report on Thursday, August 25th. Piper Sandler decreased their price objective on Autodesk from $298.00 to $242.00 and set an “overweight” rating for the company in a report on Friday, May 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Autodesk from $225.00 to $255.00 in a report on Thursday, August 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $262.60.
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Autodesk Price Performance
Autodesk stock opened at $196.89 on Tuesday. The company has a market cap of $42.50 billion, a price-to-earnings ratio of 77.82, a PEG ratio of 2.40 and a beta of 1.53. The business’s 50 day simple moving average is $206.93 and its 200 day simple moving average is $199.07. Autodesk, Inc. has a 12 month low of $163.20 and a 12 month high of $335.48. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 3.08.
Autodesk (NASDAQ:ADSK – Get Rating) last posted its earnings results on Wednesday, August 24th. The software company reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.08. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.22 billion. Autodesk had a return on equity of 88.57% and a net margin of 11.76%. The business’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.67 earnings per share. Sell-side analysts forecast that Autodesk, Inc. will post 4.13 EPS for the current year.
Autodesk, Inc provides 3D design, engineering, and entertainment software and services worldwide. The company offers AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects; BIM 360, a construction management cloud-based software; 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.
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