J. W. Coons Advisors LLC Decreases Position in Autodesk, Inc. (NASDAQ:ADSK)

J. W. Coons Advisors LLC cut its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 5.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,550 shares of the software company’s stock after selling 140 shares during the period. J. W. Coons Advisors LLC’s holdings in Autodesk were worth $754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ADSK. Golden State Wealth Management LLC purchased a new stake in Autodesk during the fourth quarter valued at approximately $25,000. Concord Wealth Partners purchased a new stake in Autodesk during the third quarter valued at approximately $28,000. Transcendent Capital Group LLC purchased a new stake in Autodesk during the third quarter valued at approximately $28,000. Tradewinds Capital Management LLC raised its position in Autodesk by 100.0% during the fourth quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock valued at $30,000 after purchasing an additional 50 shares during the period. Finally, Central Pacific Bank Trust Division purchased a new stake in Autodesk during the fourth quarter valued at approximately $37,000. 90.24% of the stock is currently owned by hedge funds and other institutional investors.

Autodesk Stock Down 2.1 %

Shares of NASDAQ ADSK opened at $285.00 on Monday. The company has a current ratio of 0.65, a quick ratio of 0.65 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $61.28 billion, a PE ratio of 56.55, a price-to-earnings-growth ratio of 3.00 and a beta of 1.43. The stock’s fifty day simple moving average is $298.25 and its two-hundred day simple moving average is $286.00. Autodesk, Inc. has a 12-month low of $195.32 and a 12-month high of $326.62.

Autodesk (NASDAQ:ADSK) last announced its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.05. The business had revenue of $1.57 billion for the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.33 EPS. As a group, analysts expect that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on ADSK shares. Hsbc Global Res downgraded Autodesk from a “strong-buy” rating to a “hold” rating in a report on Friday, November 29th. BMO Capital Markets increased their price target on Autodesk from $287.00 to $308.00 and gave the stock a “market perform” rating in a report on Wednesday, November 27th. Stifel Nicolaus increased their price target on Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Wells Fargo & Company increased their price target on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Citigroup increased 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. Eight analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $334.45.

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.