Green Alpha Advisors LLC Sells 584 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Green Alpha Advisors LLC lessened its position in shares of Autodesk, Inc. (NASDAQ:ADSK) by 15.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,186 shares of the software company’s stock after selling 584 shares during the quarter. Green Alpha Advisors LLC’s holdings in Autodesk were worth $942,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. LPL Financial LLC lifted its holdings in shares of Autodesk by 8.2% during the 2nd quarter. LPL Financial LLC now owns 165,034 shares of the software company’s stock worth $40,838,000 after acquiring an additional 12,522 shares during the period. Johnson Investment Counsel Inc. raised its position in Autodesk by 5.1% in the second quarter. Johnson Investment Counsel Inc. now owns 920 shares of the software company’s stock worth $228,000 after purchasing an additional 45 shares in the last quarter. BOKF NA lifted its stake in Autodesk by 6.3% during the second quarter. BOKF NA now owns 8,770 shares of the software company’s stock worth $2,170,000 after purchasing an additional 516 shares during the period. Oppenheimer & Co. Inc. boosted its holdings in Autodesk by 16.0% during the second quarter. Oppenheimer & Co. Inc. now owns 9,157 shares of the software company’s stock valued at $2,266,000 after purchasing an additional 1,260 shares in the last quarter. Finally, Federated Hermes Inc. grew its stake in shares of Autodesk by 1,473.8% in the 2nd quarter. Federated Hermes Inc. now owns 16,163 shares of the software company’s stock valued at $4,000,000 after purchasing an additional 15,136 shares during the period. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Performance

Autodesk stock opened at $284.96 on Monday. The company has a market cap of $61.27 billion, a PE ratio of 56.54, a PEG ratio of 3.62 and a beta of 1.42. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The company’s 50-day moving average is $301.41 and its two-hundred day moving average is $274.29.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data 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. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. During the same period in the prior year, the business posted $1.33 earnings per share. Autodesk’s revenue was up 11.0% compared to the same quarter last year. Equities analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on ADSK shares. Stifel Nicolaus raised their target price on Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Robert W. Baird lifted their price objective on Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a report on Monday, November 18th. Morgan Stanley boosted their target price on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. DA Davidson assumed coverage on shares of Autodesk in a research report on Friday, September 27th. They set a “neutral” rating and a $260.00 target price for the company. Finally, BMO Capital Markets boosted their price target on shares of Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a research report on Wednesday, November 27th. Nine investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $326.05.

Insider Transactions at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the transaction, the director now owns 30,249 shares of the company’s stock, valued at $9,227,759.94. This trade represents a 1.79 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is owned by corporate 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.