Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Impax Asset Management Group plc

Impax Asset Management Group plc lowered its position in Autodesk, Inc. (NASDAQ:ADSK) by 16.4% in the fourth quarter, HoldingsChannel reports. The fund owned 660,720 shares of the software company’s stock after selling 129,486 shares during the quarter. Impax Asset Management Group plc’s holdings in Autodesk were worth $195,289,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in Autodesk in the 4th quarter worth about $25,000. Concord Wealth Partners purchased a new stake in shares of Autodesk in the third quarter valued at approximately $28,000. Transcendent Capital Group LLC purchased a new stake in shares of Autodesk in the third quarter valued at approximately $28,000. Tradewinds Capital Management LLC raised its stake in shares of Autodesk by 100.0% during the 4th quarter. Tradewinds Capital Management LLC now owns 100 shares of the software company’s stock worth $30,000 after buying an additional 50 shares during the period. Finally, Central Pacific Bank Trust Division acquired a new stake in Autodesk in the 4th quarter valued at $37,000. 90.24% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ADSK has been the subject of a number of research analyst reports. Hsbc Global Res cut shares of Autodesk from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 29th. UBS Group initiated coverage on shares of Autodesk in a research report on Monday, December 2nd. They set a “buy” rating and a $350.00 price target for the company. Macquarie started coverage on Autodesk in a report on Thursday, December 12th. They issued an “outperform” rating and a $380.00 price objective on the stock. Stifel Nicolaus boosted their price objective on Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, KeyCorp raised their target price on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research report on Wednesday, November 20th. Eight investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $334.45.

Autodesk Stock Performance

NASDAQ ADSK opened at $285.00 on Monday. The stock has a market cap of $61.28 billion, a PE ratio of 56.55, a P/E/G ratio of 3.00 and a beta of 1.43. Autodesk, Inc. has a twelve month low of $195.32 and a twelve month high of $326.62. The stock has a fifty day simple moving average of $298.25 and a 200-day simple moving average of $286.00. 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 announced its earnings results on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, topping the consensus estimate of $2.12 by $0.05. The company had revenue of $1.57 billion during 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 quarter last year, the firm posted $1.33 earnings per share. Equities analysts anticipate that Autodesk, Inc. will post 5.76 earnings per share for the current 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.