Slow Capital Inc. Trims Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Slow Capital Inc. decreased its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 0.9% during the fourth quarter, HoldingsChannel.com reports. The firm owned 17,660 shares of the software company’s stock after selling 154 shares during the period. Slow Capital Inc.’s holdings in Autodesk were worth $5,220,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Livelsberger Financial Advisory bought a new position in shares of Autodesk in the third quarter valued at approximately $27,000. Concord Wealth Partners bought a new position in shares of Autodesk in the third quarter worth $28,000. Transcendent Capital Group LLC purchased a new stake in shares of Autodesk in the third quarter worth $28,000. Central Pacific Bank Trust Division bought a new stake in Autodesk during the fourth quarter valued at $37,000. Finally, Wolff Wiese Magana LLC grew its position in Autodesk by 3,625.0% during the third quarter. Wolff Wiese Magana LLC now owns 149 shares of the software company’s stock worth $41,000 after buying an additional 145 shares in the last quarter. Institutional investors own 90.24% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ADSK shares. Rosenblatt Securities lifted their price target on Autodesk from $295.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, November 27th. Morgan Stanley boosted their price target on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Hsbc Global Res cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. Scotiabank began coverage on shares of Autodesk in a research report on Monday, November 18th. They issued a “sector outperform” rating and a $360.00 target price for the company. Finally, Robert W. Baird raised their price target on Autodesk from $305.00 to $330.00 and gave the company an “outperform” rating in a research report on Monday, November 18th. 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 stock has a consensus rating of “Moderate Buy” and an average price target of $326.05.

Insider Activity at Autodesk

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction on Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the transaction, the director now owns 30,249 shares in the company, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Autodesk Stock Performance

Autodesk stock opened at $299.07 on Tuesday. Autodesk, Inc. has a fifty-two week low of $195.32 and a fifty-two week high of $326.62. The stock’s 50 day simple moving average is $299.42 and its two-hundred day simple moving average is $277.61. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65. The stock has a market cap of $64.30 billion, a price-to-earnings ratio of 59.34, a PEG ratio of 3.55 and a beta of 1.42.

Autodesk (NASDAQ:ADSK) last released its quarterly 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 for the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 earnings per share. As a group, analysts expect that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Autodesk Company Profile

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.