Amalgamated Bank Sells 66 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Amalgamated Bank lowered its stake in Autodesk, Inc. (NASDAQ:ADSK) by 0.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,181 shares of the software company’s stock after selling 66 shares during the quarter. Amalgamated Bank’s holdings in Autodesk were worth $13,354,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Starboard Value LP bought a new position in shares of Autodesk in the 3rd quarter valued at $510,189,000. Massachusetts Financial Services Co. MA grew its position in Autodesk by 394.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 567,360 shares of the software company’s stock worth $156,296,000 after acquiring an additional 452,728 shares during the last quarter. Franklin Resources Inc. increased its holdings in Autodesk by 36.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,448,968 shares of the software company’s stock worth $413,405,000 after purchasing an additional 387,309 shares in the last quarter. State Street Corp raised its position in Autodesk by 3.0% in the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock valued at $2,702,028,000 after purchasing an additional 288,931 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Autodesk by 12.6% in the third quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after purchasing an additional 245,816 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ADSK. UBS Group assumed coverage on shares of Autodesk in a report on Monday, December 2nd. They issued a “buy” rating and a $350.00 price objective for the company. Macquarie started coverage on Autodesk in a report on Thursday, December 12th. They set an “outperform” rating and a $380.00 target price on the stock. Stifel Nicolaus increased their price target on Autodesk from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Wells Fargo & Company lifted their price objective on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research note on Friday, November 22nd. Finally, HSBC cut Autodesk from a “buy” rating to a “hold” rating and set a $290.00 target price on the stock. in a report on Friday, November 29th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $334.45.

Autodesk Stock Down 0.5 %

Shares of NASDAQ:ADSK opened at $283.72 on Wednesday. The firm has a market cap of $61.00 billion, a P/E ratio of 56.29, a PEG ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a 52-week low of $195.32 and a 52-week high of $326.62. The business’s 50 day simple moving average is $297.47 and its two-hundred day simple moving average is $286.63. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.65 and a current ratio of 0.65.

Autodesk (NASDAQ:ADSK) last posted its quarterly 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. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.56 billion. During the same quarter last year, the firm posted $1.33 EPS. Autodesk’s revenue was up 11.0% compared to the same quarter last year. As a group, research analysts forecast that Autodesk, Inc. will post 5.76 EPS 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.