HBK Sorce Advisory LLC Cuts Holdings in Autodesk, Inc. (NASDAQ:ADSK)

HBK Sorce Advisory LLC trimmed its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,744 shares of the software company’s stock after selling 67 shares during the quarter. HBK Sorce Advisory LLC’s holdings in Autodesk were worth $668,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted its stake in 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 acquiring an additional 4,381 shares in the last quarter. CWA Asset Management Group LLC acquired a new stake in Autodesk in the third quarter valued at approximately $330,000. International Assets Investment Management LLC boosted its stake in 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. Carnegie Capital Asset Management LLC boosted its stake in Autodesk by 60.5% in the third quarter. Carnegie Capital Asset Management LLC now owns 19,776 shares of the software company’s stock valued at $4,092,000 after acquiring an additional 7,451 shares in the last quarter. Finally, Columbia Trust Co 01012016 boosted its stake in 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.

Autodesk Stock Up 0.8 %

ADSK stock opened at $247.93 on Wednesday. The stock has a market capitalization of $53.03 billion, a P/E ratio of 58.89, a P/E/G ratio of 3.36 and a beta of 1.43. Autodesk, Inc. has a 52 week low of $188.38 and a 52 week high of $279.53. The firm has a 50-day simple moving average of $256.69 and a 200-day simple moving average of $234.17. The company has a quick ratio of 0.75, a current ratio of 0.82 and a debt-to-equity ratio of 1.23.

Autodesk (NASDAQ:ADSK) last posted its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 earnings per share for the quarter, topping 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 net margin of 16.48% and a return on equity of 75.01%. Autodesk’s quarterly revenue was up 11.5% on a year-over-year basis. During the same period in the previous year, the business posted $1.26 earnings per share. Equities analysts forecast that Autodesk, Inc. will post 5.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

ADSK has been the subject of a number of research reports. Mizuho boosted their target price on shares of Autodesk from $220.00 to $270.00 and gave the company a “neutral” rating in a research report on Friday, March 1st. Citigroup boosted their target price on shares of Autodesk from $276.00 to $307.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Stifel Nicolaus boosted their target price on shares of Autodesk from $265.00 to $316.00 and gave the company a “buy” rating in a research report on Friday, March 1st. TheStreet raised shares of Autodesk from a “c+” rating to a “b-” rating in a report on Friday, December 29th. Finally, KeyCorp lifted their price objective on shares of Autodesk from $275.00 to $320.00 and gave the company an “overweight” rating in a report on Friday, March 1st. One analyst has rated the stock with a sell rating, seven have issued a hold rating and twelve have assigned a buy rating to the stock. According to MarketBeat.com, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $272.44.

Insider Buying and Selling

In related news, CAO Stephen W. Hope sold 1,757 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total transaction of $457,645.79. Following the transaction, the chief accounting officer now directly owns 3,450 shares in the company, valued at $898,621.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Autodesk news, CAO Stephen W. Hope sold 1,757 shares of the business’s stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $260.47, for a total value of $457,645.79. Following the transaction, the chief accounting officer now directly owns 3,450 shares in the company, valued at approximately $898,621.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Rebecca Pearce sold 1,628 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $251.54, for a total transaction of $409,507.12. Following the completion of the transaction, the executive vice president now owns 13,620 shares in the company, valued at $3,425,974.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 46,770 shares of company stock worth $12,065,385. 0.14% of the stock is owned by insiders.

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.