Citrine Capital LLC Takes Position in Autodesk, Inc. (NASDAQ:ADSK)

Citrine Capital LLC purchased a new stake in shares of Autodesk, Inc. (NASDAQ:ADSK) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 1,569 shares of the software company’s stock, valued at approximately $464,000. Autodesk comprises approximately 0.3% of Citrine Capital LLC’s portfolio, making the stock its 26th largest holding.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bleakley Financial Group LLC increased its holdings in Autodesk by 1.3% in the 4th quarter. Bleakley Financial Group LLC now owns 3,559 shares of the software company’s stock worth $1,052,000 after buying an additional 47 shares in the last quarter. Trilogy Capital Inc. increased its holdings in Autodesk by 19.5% in the 4th quarter. Trilogy Capital Inc. now owns 7,049 shares of the software company’s stock worth $2,083,000 after buying an additional 1,148 shares in the last quarter. Crewe Advisors LLC bought a new stake in Autodesk in the 4th quarter worth about $91,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Autodesk by 8.3% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 128,398 shares of the software company’s stock worth $38,205,000 after buying an additional 9,877 shares in the last quarter. Finally, Y.D. More Investments Ltd increased its holdings in Autodesk by 1.0% in the 4th quarter. Y.D. More Investments Ltd now owns 3,384 shares of the software company’s stock worth $1,000,000 after buying an additional 35 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Autodesk Stock Down 1.2 %

NASDAQ ADSK opened at $307.70 on Friday. The stock’s 50 day moving average is $299.01 and its 200 day moving average is $280.66. 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, Inc. has a 12 month low of $195.32 and a 12 month high of $326.62. The stock has a market cap of $66.16 billion, a PE ratio of 61.05, a P/E/G ratio of 3.67 and a beta of 1.43.

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

Insider Buying and Selling

In other Autodesk news, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $305.06, for a total value of $167,783.00. Following the sale, the director now owns 30,249 shares of the company’s stock, valued at $9,227,759.94. The trade was a 1.79 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.14% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Stifel Nicolaus lifted their price objective on Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Barclays lifted their price objective on Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Robert W. Baird lifted their price objective on Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a report on Monday, November 18th. Macquarie started coverage on Autodesk in a research report on Thursday, December 12th. They issued an “outperform” rating and a $380.00 target price on the stock. Finally, KeyCorp raised their target price on Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Eight research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and a consensus target price of $333.77.

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.