Sentry Investment Management LLC Sells 130 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Sentry Investment Management LLC lowered its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 14.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 801 shares of the software company’s stock after selling 130 shares during the quarter. Sentry Investment Management LLC’s holdings in Autodesk were worth $237,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Golden State Wealth Management LLC bought a new position in shares of Autodesk in the 4th quarter valued at about $25,000. Transcendent Capital Group LLC purchased a new stake in Autodesk during the third quarter valued at approximately $28,000. Tradewinds Capital Management LLC lifted its stake in shares of Autodesk by 100.0% in the 4th 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 last quarter. Concord Wealth Partners purchased a new position in shares of Autodesk in the 3rd quarter worth approximately $28,000. Finally, Addison Advisors LLC increased its position in shares of Autodesk by 157.4% during the 4th quarter. Addison Advisors LLC now owns 121 shares of the software company’s stock valued at $36,000 after purchasing an additional 74 shares during the last quarter. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ADSK has been the subject of a number of analyst reports. Rosenblatt Securities restated a “buy” rating and issued a $325.00 price target on shares of Autodesk in a research report on Tuesday. Morgan Stanley raised their target price on shares of Autodesk from $320.00 to $375.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. BMO Capital Markets upped their price target on shares of Autodesk from $287.00 to $308.00 and gave the company a “market perform” rating in a report on Wednesday, November 27th. Macquarie initiated coverage on shares of Autodesk in a research note on Thursday, December 12th. They issued an “outperform” rating and a $380.00 price objective for the company. Finally, Barclays upped their target price on Autodesk from $310.00 to $355.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Eight equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, Autodesk presently has a consensus rating of “Moderate Buy” and an average target price of $334.45.

Autodesk Trading Down 0.5 %

NASDAQ ADSK opened at $283.72 on Wednesday. Autodesk, Inc. has a one year low of $195.32 and a one year high of $326.62. 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 company has a market capitalization of $61.00 billion, a price-to-earnings ratio of 56.29, a price-to-earnings-growth ratio of 2.94 and a beta of 1.43. The company’s 50-day simple moving average is $297.47 and its two-hundred day simple moving average is $286.63.

Autodesk (NASDAQ:ADSK) last issued its quarterly earnings data 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 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% compared to the same quarter last year. During the same period last year, the company posted $1.33 earnings per share. Equities analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal 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.