Gamble Jones Investment Counsel decreased its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 8.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 61,834 shares of the software company’s stock after selling 5,407 shares during the quarter. Gamble Jones Investment Counsel’s holdings in Autodesk were worth $6,482,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Meritage Group LP boosted its stake in Autodesk by 3,910.0% in the 3rd quarter. Meritage Group LP now owns 2,243,728 shares of the software company’s stock worth $251,881,000 after purchasing an additional 2,187,774 shares during the period. Parnassus Investments CA boosted its stake in Autodesk by 100.0% in the 4th quarter. Parnassus Investments CA now owns 1,800,000 shares of the software company’s stock worth $188,694,000 after purchasing an additional 900,000 shares during the period. Findlay Park Partners LLP acquired a new position in Autodesk in the 3rd quarter worth approximately $55,721,000. American Century Companies Inc. boosted its stake in Autodesk by 13.6% in the 3rd quarter. American Century Companies Inc. now owns 3,043,473 shares of the software company’s stock worth $341,660,000 after purchasing an additional 364,994 shares during the period. Finally, Lodge Hill Capital LLC acquired a new position in Autodesk in the 3rd quarter worth approximately $26,381,000. Hedge funds and other institutional investors own 95.44% of the company’s stock.
A number of equities analysts recently commented on ADSK shares. Deutsche Bank set a $140.00 price objective on shares of Autodesk and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Evercore ISI set a $135.00 target price on shares of Autodesk and gave the company a “buy” rating in a research note on Wednesday, December 20th. Canaccord Genuity reissued a “buy” rating and set a $140.00 target price (up previously from $125.00) on shares of Autodesk in a research note on Thursday, November 16th. OTR Global raised shares of Autodesk to a “positive” rating in a research note on Monday. Finally, Guggenheim lifted their target price on shares of Autodesk from $110.00 to $150.00 and gave the company a “buy” rating in a research note on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $132.68.
In related news, Director Lorrie M. Norrington sold 6,005 shares of Autodesk stock in a transaction on Thursday, December 28th. The shares were sold at an average price of $104.40, for a total value of $626,922.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Crawford W. Beveridge sold 1,500 shares of Autodesk stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $106.29, for a total transaction of $159,435.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,248 shares of company stock valued at $2,148,546. 6.10% of the stock is owned by company insiders.
Shares of Autodesk, Inc. (ADSK) opened at $111.95 on Wednesday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 14.78. Autodesk, Inc. has a 52 week low of $81.75 and a 52 week high of $131.10. The stock has a market cap of $24,048.73, a price-to-earnings ratio of -43.82, a P/E/G ratio of 14.73 and a beta of 1.91.
Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 28th. The software company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.13) by $0.01. Autodesk had a negative net margin of 28.46% and a negative return on equity of 93.60%. The business had revenue of $515.30 million during the quarter, compared to analyst estimates of $513.63 million. During the same quarter in the previous year, the business earned ($0.18) EPS. Autodesk’s quarterly revenue was up 5.2% compared to the same quarter last year. research analysts forecast that Autodesk, Inc. will post -1.36 earnings per share for the current year.
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Autodesk, Inc is a design software and services company, offering customers productive business solutions through technology products and services. The Company’s segments include Architecture, Engineering and Construction (AEC), Platform Solutions and Emerging Business (PSEB), Manufacturing (MFG), and Media and Entertainment (M&E).
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