Trust Co. of Vermont Has $5.64 Million Stake in Autodesk, Inc. (NASDAQ:ADSK)

Trust Co. of Vermont lessened its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,085 shares of the software company’s stock after selling 182 shares during the quarter. Trust Co. of Vermont’s holdings in Autodesk were worth $5,641,000 as of its most recent SEC filing.

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

Autodesk Price Performance

NASDAQ:ADSK traded up $1.37 during trading hours on Friday, hitting $291.45. 1,466,123 shares of the company’s stock traded hands, compared to its average volume of 1,115,562. The firm has a market cap of $62.66 billion, a P/E ratio of 57.83, a P/E/G ratio of 3.36 and a beta of 1.42. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. The business’s fifty day simple moving average is $300.72 and its two-hundred day simple moving average is $275.07. Autodesk, Inc. has a 52 week low of $195.32 and a 52 week high of $326.62.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings results on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.33 EPS. On average, research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Mary T. Mcdowell sold 550 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. This represents a 1.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.14% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ADSK has been the subject of a number of analyst reports. KeyCorp lifted their price objective on shares of Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Barclays raised their price objective on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. DA Davidson initiated coverage on Autodesk in a report on Friday, September 27th. They set a “neutral” rating and a $260.00 target price on the stock. Citigroup lifted their price objective on shares of Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a research report on Friday, November 29th. Finally, Mizuho increased their target price on Autodesk from $260.00 to $280.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Nine equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $326.05.

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.