SG Americas Securities LLC Cuts Stock Position in Autodesk, Inc. (NASDAQ:ADSK)

SG Americas Securities LLC trimmed its stake in shares of Autodesk, Inc. (NASDAQ:ADSKFree Report) by 94.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,878 shares of the software company’s stock after selling 64,533 shares during the quarter. SG Americas Securities LLC’s holdings in Autodesk were worth $1,146,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Jag Capital Management LLC acquired a new stake in Autodesk in the 3rd quarter worth about $13,861,000. LMR Partners LLP purchased a new position in shares of Autodesk in the third quarter valued at approximately $12,643,000. Starboard Value LP acquired a new stake in shares of Autodesk in the third quarter worth approximately $510,189,000. Erste Asset Management GmbH purchased a new stake in shares of Autodesk during the third quarter worth approximately $20,087,000. Finally, Brookstone Capital Management raised its stake in Autodesk by 1,058.9% in the 4th quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock valued at $8,659,000 after purchasing an additional 26,768 shares during the last quarter. Institutional investors and hedge funds own 90.24% of the company’s stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. Citigroup lifted their target price on shares of Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a research note on Friday, November 29th. Rosenblatt Securities upped their price objective on shares of Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Scotiabank assumed coverage on shares of Autodesk in a research note on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 target price on the stock. Wells Fargo & Company increased their price target on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, Barclays increased their price target on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Nine equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $326.05.

View Our Latest Stock Report on ADSK

Autodesk Trading Down 0.6 %

Shares of NASDAQ ADSK opened at $299.07 on Tuesday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $64.30 billion, a PE ratio of 59.34, a PEG ratio of 3.55 and a beta of 1.42. 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 $299.42 and a 200-day simple moving average of $277.61.

Autodesk (NASDAQ:ADSKGet Free Report) last released its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating the consensus estimate of $2.12 by $0.05. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. Autodesk’s revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.33 EPS. On average, equities analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Autodesk Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Autodesk (NASDAQ:ADSK)

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