Anchor Capital Advisors LLC Has $40.51 Million Holdings in Autodesk, Inc. (NASDAQ:ADSK)

Anchor Capital Advisors LLC cut its holdings in shares of Autodesk, Inc. (NASDAQ:ADSK) by 6.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 137,056 shares of the software company’s stock after selling 9,876 shares during the period. Autodesk makes up approximately 1.2% of Anchor Capital Advisors LLC’s investment portfolio, making the stock its 29th largest holding. Anchor Capital Advisors LLC’s holdings in Autodesk were worth $40,510,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ADSK. Jag Capital Management LLC bought a new position in shares of Autodesk during the 3rd quarter valued at about $13,861,000. LMR Partners LLP acquired a new stake in Autodesk during the 3rd quarter worth approximately $12,643,000. Starboard Value LP bought a new position in Autodesk in the third quarter valued at approximately $510,189,000. China Universal Asset Management Co. Ltd. boosted its holdings in shares of Autodesk by 196.2% in the fourth quarter. China Universal Asset Management Co. Ltd. now owns 8,099 shares of the software company’s stock valued at $2,394,000 after buying an additional 5,365 shares during the period. Finally, Brookstone Capital Management increased its position in shares of Autodesk by 1,058.9% during the fourth quarter. Brookstone Capital Management now owns 29,296 shares of the software company’s stock worth $8,659,000 after acquiring an additional 26,768 shares in the last quarter. 90.24% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on ADSK shares. Macquarie initiated coverage on shares of Autodesk in a research report on Thursday, December 12th. They issued an “outperform” rating and a $380.00 price objective on the stock. HSBC lowered Autodesk from a “buy” rating to a “hold” rating and set a $290.00 price target on the stock. in a report on Friday, November 29th. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $280.00 to $400.00 in a report on Tuesday, January 28th. Wells Fargo & Company lifted their target price on Autodesk from $340.00 to $350.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. Finally, Bank of America upped their price target on Autodesk from $325.00 to $335.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 4th. Eight research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Autodesk presently has a consensus rating of “Moderate Buy” and a consensus target price of $333.45.

Autodesk Stock Performance

Shares of NASDAQ ADSK opened at $282.35 on Friday. 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 company has a market capitalization of $60.71 billion, a P/E ratio of 56.02, a P/E/G ratio of 2.94 and a beta of 1.43. Autodesk, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The stock has a 50 day moving average of $297.11 and a 200-day moving average of $286.59.

Autodesk (NASDAQ:ADSK) last released its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 EPS for the quarter, topping analysts’ consensus estimates of $2.12 by $0.05. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $1.33 earnings per share. As a group, equities research analysts predict that Autodesk, Inc. will post 5.76 EPS 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.