Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp reduced its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 51.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 832,527 shares of the software company’s stock after selling 884,840 shares during the period. Van ECK Associates Corp owned approximately 0.39% of Autodesk worth $246,070,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Golden State Wealth Management LLC purchased a new position in shares of Autodesk during the 4th quarter valued at approximately $25,000. Livelsberger Financial Advisory purchased a new position in Autodesk in the third quarter valued at $27,000. Concord Wealth Partners acquired a new position in shares of Autodesk in the third quarter worth about $28,000. Transcendent Capital Group LLC purchased a new stake in shares of Autodesk during the 3rd quarter worth about $28,000. Finally, Central Pacific Bank Trust Division acquired a new stake in shares of Autodesk during the 4th quarter valued at about $37,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Insider Buying and Selling at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the business’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $305.06, for a total value of $167,783.00. Following the sale, the director now directly owns 30,249 shares in the company, valued at approximately $9,227,759.94. The trade was a 1.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Citigroup upped their price target on Autodesk from $358.00 to $361.00 and gave the stock a “buy” rating in a report on Friday, November 29th. Robert W. Baird upped their target price on Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research note on Monday, November 18th. Wells Fargo & Company lifted their price target on shares of Autodesk from $340.00 to $350.00 and gave the company 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. Finally, Morgan Stanley increased their price objective on shares of Autodesk from $320.00 to $375.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $333.77.

Autodesk Trading Down 0.8 %

Shares of ADSK stock opened at $297.28 on Thursday. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The stock has a market cap of $63.92 billion, a price-to-earnings ratio of 58.98, a PEG ratio of 3.17 and a beta of 1.43. The company’s 50-day moving average price is $299.71 and its 200-day moving average price is $282.64. 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 (NASDAQ:ADSK) last posted its 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 net margin of 18.30% and a return on equity of 53.87%. Autodesk’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.33 EPS. As a group, equities analysts predict that Autodesk, Inc. will post 5.76 earnings per share for the current year.

Autodesk 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.