Autodesk, Inc. (NASDAQ:ADSK) Shares Sold by Forte Capital LLC ADV

Forte Capital LLC ADV trimmed its stake in Autodesk, Inc. (NASDAQ:ADSK) by 0.7% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 42,748 shares of the software company’s stock after selling 309 shares during the quarter. Autodesk makes up 1.4% of Forte Capital LLC ADV’s holdings, making the stock its 21st largest holding. Forte Capital LLC ADV’s holdings in Autodesk were worth $12,635,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of ADSK. Foundations Investment Advisors LLC raised its position in Autodesk by 2.9% during the third quarter. Foundations Investment Advisors LLC now owns 2,784 shares of the software company’s stock valued at $767,000 after buying an additional 78 shares during the period. Sequoia Financial Advisors LLC increased its position in Autodesk by 13.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 3,464 shares of the software company’s stock worth $954,000 after purchasing an additional 419 shares during the last quarter. Signaturefd LLC increased its position in Autodesk by 8.8% in the 3rd quarter. Signaturefd LLC now owns 3,053 shares of the software company’s stock worth $841,000 after purchasing an additional 248 shares during the last quarter. Waldron Private Wealth LLC acquired a new position in Autodesk in the 3rd quarter worth about $203,000. Finally, Commerzbank Aktiengesellschaft FI increased its position in Autodesk by 36.3% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 1,291 shares of the software company’s stock worth $356,000 after purchasing an additional 344 shares during the last quarter. 90.24% of the stock is currently owned by institutional investors and hedge funds.

Autodesk Price Performance

Shares of ADSK stock opened at $291.02 on Friday. The stock has a 50 day moving average of $298.62 and a two-hundred day moving average of $284.86. 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 company has a market capitalization of $62.57 billion, a P/E ratio of 57.74, a P/E/G ratio of 3.05 and a beta of 1.43.

Autodesk (NASDAQ:ADSK) last announced 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. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The company 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 company earned $1.33 EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, equities analysts expect that Autodesk, Inc. will post 5.76 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have weighed in on ADSK. Macquarie began 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. Wells Fargo & Company upped their target price on Autodesk from $340.00 to $350.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Stifel Nicolaus upped their target price on Autodesk from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. UBS Group started coverage on Autodesk in a research report on Monday, December 2nd. They issued a “buy” rating and a $350.00 target price on the stock. Finally, Oppenheimer upped their price target on Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a research note on Friday, November 22nd. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $334.45.

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.