KBC Group NV trimmed its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 10.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 82,264 shares of the software company’s stock after selling 9,991 shares during the quarter. KBC Group NV’s holdings in Autodesk were worth $23,459,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. Trustcore Financial Services LLC lifted its position in shares of Autodesk by 109.7% during the 3rd quarter. Trustcore Financial Services LLC now owns 130 shares of the software company’s stock valued at $37,000 after acquiring an additional 68 shares during the period. AdvisorNet Financial Inc raised its holdings in shares of Autodesk by 35.6% during the 3rd quarter. AdvisorNet Financial Inc now owns 137 shares of the software company’s stock worth $39,000 after buying an additional 36 shares in the last quarter. Newfound Research LLC acquired a new position in shares of Autodesk during the 3rd quarter worth $56,000. Monetary Management Group Inc. acquired a new position in shares of Autodesk during the 2nd quarter worth $58,000. Finally, Evermay Wealth Management LLC acquired a new position in shares of Autodesk during the 2nd quarter worth $60,000. Hedge funds and other institutional investors own 86.87% of the company’s stock.
A number of research firms have recently commented on ADSK. Robert W. Baird boosted their price target on Autodesk from $370.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, November 17th. Oppenheimer lowered their target price on Autodesk from $350.00 to $315.00 and set an “outperform” rating for the company in a report on Wednesday, November 24th. Rosenblatt Securities lowered their target price on Autodesk from $355.00 to $340.00 and set a “buy” rating for the company in a report on Wednesday, November 24th. Guggenheim reaffirmed a “hold” rating on shares of Autodesk in a report on Thursday, November 25th. Finally, Mizuho lowered their target price on Autodesk from $380.00 to $330.00 and set a “buy” rating for the company in a report on Wednesday, November 24th. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $333.31.
Shares of Autodesk stock opened at $259.10 on Friday. Autodesk, Inc. has a one year low of $245.05 and a one year high of $344.39. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.81 and a quick ratio of 0.81. The stock’s 50-day moving average is $282.53 and its 200 day moving average is $296.06. The firm has a market cap of $56.99 billion, a price-to-earnings ratio of 43.69, a PEG ratio of 2.54 and a beta of 1.41.
Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 23rd. The software company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.26 by $0.07. Autodesk had a return on equity of 51.01% and a net margin of 31.31%. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.12 billion. During the same quarter in the prior year, the company earned $0.69 EPS. The firm’s revenue for the quarter was up 18.2% compared to the same quarter last year. On average, sell-side analysts expect that Autodesk, Inc. will post 2.93 EPS for the current fiscal year.
Autodesk Company Profile
Autodesk, Inc engages in the design of software and services. Its products include AutoCAD, BIM 360, Civil 3D, Fusion 360, InfraWorks, Inventor, Maya, PlanGrid, Revit, Shotgun, 3ds Max. The firm also offers product development and manufacturing software, which provides manufacturers in automotive, transportation, industrial machinery, consumer products, and building product industries with comprehensive digital design, engineering, and production solutions; architecture, engineering, and construction software improves the way buildings, factories, and infrastructure are designed, built, and used; and digital media and entertainment, which consists of tools for digital sculpting, modeling, animation, effects, rendering, and compositing for design visualization, visual effects, and games production.
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