Smith Salley & Associates lowered its stake in Autodesk, Inc. (NASDAQ:ADSK) by 13.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,597 shares of the software company’s stock after selling 415 shares during the quarter. Smith Salley & Associates’ holdings in Autodesk were worth $334,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Clean Yield Group purchased a new stake in shares of Autodesk during the fourth quarter worth about $30,000. Essex Savings Bank purchased a new stake in shares of Autodesk during the fourth quarter worth about $54,000. Legacy Financial Advisors Inc. grew its position in shares of Autodesk by 144.9% during the fourth quarter. Legacy Financial Advisors Inc. now owns 458 shares of the software company’s stock worth $59,000 after purchasing an additional 271 shares in the last quarter. CWM LLC grew its position in shares of Autodesk by 30.8% during the fourth quarter. CWM LLC now owns 523 shares of the software company’s stock worth $67,000 after purchasing an additional 123 shares in the last quarter. Finally, Private Capital Group LLC grew its holdings in Autodesk by 216.1% during the 4th quarter. Private Capital Group LLC now owns 550 shares of the software company’s stock valued at $71,000 after buying an additional 376 shares in the last quarter. 94.89% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:ADSK opened at $154.31 on Monday. The company has a market capitalization of $33.80 billion, a PE ratio of -96.44, a P/E/G ratio of 1.93 and a beta of 1.88. Autodesk, Inc. has a 1 year low of $101.55 and a 1 year high of $159.94.
Autodesk (NASDAQ:ADSK) last posted its quarterly earnings data on Tuesday, November 20th. The software company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $661.00 million during the quarter, compared to the consensus estimate of $641.07 million. During the same period in the previous year, the business earned ($0.12) earnings per share. Autodesk’s revenue for the quarter was up 28.3% on a year-over-year basis. On average, sell-side analysts predict that Autodesk, Inc. will post 0.09 earnings per share for the current fiscal year.
Several equities analysts have weighed in on ADSK shares. Atlantic Securities started coverage on Autodesk in a report on Wednesday, January 9th. They set an “overweight” rating and a $180.00 price target for the company. Wedbush restated a “neutral” rating and set a $145.00 price target (down previously from $146.00) on shares of Autodesk in a report on Monday, November 19th. BidaskClub upgraded Autodesk from a “sell” rating to a “hold” rating in a report on Thursday, January 10th. Zacks Investment Research cut Autodesk from a “hold” rating to a “sell” rating in a report on Wednesday, January 23rd. Finally, UBS Group raised their price target on Autodesk to $76.00 and gave the company an “underweight” rating in a report on Wednesday, November 21st. Two analysts have rated the stock with a sell rating, five have given a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $158.75.
In related news, Director Crawford W. Beveridge sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 6th. The stock was sold at an average price of $136.36, for a total transaction of $136,360.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.14% of the stock is currently owned by company insiders.
Autodesk Company Profile
Autodesk, Inc operates as a design software and services company worldwide. The company offers AutoCAD, a professional design, drafting, detailing, and visualization software; and AutoCAD LT, a professional drafting and detailing software; computer-aided manufacturing (CAM) software for computer numeric control machining, inspection, and modelling for manufacturing; and AutoCAD Civil 3D, a surveying, design, analysis, and documentation solution for civil engineering, including land development, transportation, and environmental projects.
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