Robbins Farley Sells 100 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Robbins Farley cut its holdings in Autodesk, Inc. (NASDAQ:ADSK) by 19.7% in the fourth quarter, HoldingsChannel reports. The firm owned 408 shares of the software company’s stock after selling 100 shares during the period. Robbins Farley’s holdings in Autodesk were worth $121,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of ADSK. State Street Corp lifted its position in shares of Autodesk by 3.0% in the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after buying an additional 288,931 shares during the last quarter. FMR LLC raised its stake in shares of Autodesk by 0.8% in the 3rd quarter. FMR LLC now owns 5,653,602 shares of the software company’s stock valued at $1,557,454,000 after acquiring an additional 46,069 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Autodesk by 2.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company’s stock worth $657,292,000 after purchasing an additional 61,785 shares during the last quarter. Principal Financial Group Inc. boosted its position in Autodesk by 12.6% during the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock worth $603,947,000 after purchasing an additional 245,816 shares during the period. Finally, Starboard Value LP acquired a new position in Autodesk during the third quarter valued at approximately $510,189,000. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Performance

NASDAQ:ADSK opened at $306.23 on Tuesday. The firm has a market capitalization of $65.84 billion, a PE ratio of 60.76, a price-to-earnings-growth ratio of 3.67 and a beta of 1.43. The company has a quick ratio of 0.65, a current ratio of 0.65 and a debt-to-equity ratio of 0.76. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62. The firm has a 50-day moving average price of $299.08 and a 200 day moving average price of $279.55.

Autodesk (NASDAQ:ADSK) last released 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. 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 company’s revenue was up 11.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.33 EPS. Research analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Insider Activity at Autodesk

In other news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the transaction, the director now directly owns 30,249 shares of the company’s stock, valued at $9,227,759.94. The trade was a 1.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on ADSK shares. Robert W. Baird boosted their price objective on shares of Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. HSBC lowered shares of Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price for the company. in a research report on Friday, November 29th. Morgan Stanley raised their price target on Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Bank of America boosted their price objective on Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday. Finally, Mizuho raised Autodesk from a “neutral” rating to an “outperform” rating and raised their target price for the company from $280.00 to $400.00 in a report on Tuesday, January 28th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $333.77.

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.