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

Ieq Capital LLC lowered its stake in shares of Autodesk, Inc. (NASDAQ:ADSK) by 12.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 16,158 shares of the software company’s stock after selling 2,348 shares during the quarter. Ieq Capital LLC’s holdings in Autodesk were worth $4,776,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of ADSK. Mount Yale Investment Advisors LLC increased its holdings in Autodesk by 1.9% in the 4th quarter. Mount Yale Investment Advisors LLC now owns 1,864 shares of the software company’s stock worth $551,000 after buying an additional 35 shares during the period. 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 during the period. Grove Bank & Trust increased its holdings in Autodesk by 9.2% in the 4th quarter. Grove Bank & Trust now owns 440 shares of the software company’s stock worth $130,000 after buying an additional 37 shares during the period. Journey Strategic Wealth LLC increased its holdings in Autodesk by 4.6% in the 4th quarter. Journey Strategic Wealth LLC now owns 835 shares of the software company’s stock worth $247,000 after buying an additional 37 shares during the period. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in Autodesk by 11.9% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 357 shares of the software company’s stock worth $106,000 after buying an additional 38 shares during the period. Institutional investors and hedge funds own 90.24% of the company’s stock.

Autodesk Trading Down 2.1 %

Shares of NASDAQ:ADSK opened at $285.00 on Friday. Autodesk, Inc. has a 1 year low of $195.32 and a 1 year high of $326.62. The firm has a market capitalization of $61.28 billion, a price-to-earnings ratio of 56.55, a price-to-earnings-growth ratio of 3.08 and a beta of 1.43. The company has a debt-to-equity ratio of 0.76, a current ratio of 0.65 and a quick ratio of 0.65. The business’s 50 day moving average price is $298.25 and its 200-day moving average price is $285.27.

Autodesk (NASDAQ:ADSK) last announced its quarterly earnings data on Tuesday, November 26th. The software company reported $2.17 earnings per share for the quarter, beating analysts’ consensus estimates of $2.12 by $0.05. The company had revenue of $1.57 billion for the quarter, compared to analyst estimates of $1.56 billion. Autodesk had a return on equity of 53.87% and a net margin of 18.30%. The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.33 EPS. On average, equities research analysts forecast that Autodesk, Inc. will post 5.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ADSK. Oppenheimer increased their price target on shares of Autodesk from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, November 22nd. Rosenblatt Securities increased their price target on shares of Autodesk from $295.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Piper Sandler upgraded shares of Autodesk from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $311.00 to $357.00 in a report on Wednesday, January 8th. KeyCorp upped their price objective on Autodesk from $325.00 to $330.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 20th. Finally, Barclays upped their price objective on Autodesk from $310.00 to $355.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Eight investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $334.45.

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.