Stephens Investment Management Group LLC Sells 45 Shares of Autodesk, Inc. (NASDAQ:ADSK)

Stephens Investment Management Group LLC reduced its stake in Autodesk, Inc. (NASDAQ:ADSK) by 0.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 41,814 shares of the software company’s stock after selling 45 shares during the period. Stephens Investment Management Group LLC’s holdings in Autodesk were worth $12,359,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. State Street Corp increased its holdings in shares of Autodesk by 3.0% in the third quarter. State Street Corp now owns 9,808,476 shares of the software company’s stock worth $2,702,028,000 after purchasing an additional 288,931 shares during the last quarter. FMR LLC increased its stake in Autodesk by 0.8% in the 3rd quarter. FMR LLC now owns 5,653,602 shares of the software company’s stock worth $1,557,454,000 after acquiring an additional 46,069 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Autodesk by 2.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,385,987 shares of the software company’s stock worth $657,292,000 after acquiring an additional 61,785 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Autodesk by 12.6% during the 3rd quarter. Principal Financial Group Inc. now owns 2,192,345 shares of the software company’s stock valued at $603,947,000 after acquiring an additional 245,816 shares during the last quarter. Finally, Starboard Value LP purchased a new position in shares of Autodesk in the third quarter valued at $510,189,000. Hedge funds and other institutional investors own 90.24% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Piper Sandler raised shares of Autodesk from a “neutral” rating to an “overweight” rating and upped their price target for the company from $311.00 to $357.00 in a research note on Wednesday, January 8th. Macquarie started coverage on shares of Autodesk in a research report on Thursday, December 12th. They set an “outperform” rating and a $380.00 target price on the stock. Robert W. Baird lifted their price target on Autodesk from $305.00 to $330.00 and gave the stock an “outperform” rating in a research report on Monday, November 18th. Mizuho upgraded Autodesk from a “neutral” rating to an “outperform” rating and upped their price objective for the company from $280.00 to $400.00 in a research report on Tuesday, January 28th. Finally, KeyCorp raised their price objective on Autodesk from $325.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, November 20th. Eight research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Autodesk has an average rating of “Moderate Buy” and an average target price of $333.77.

Autodesk Stock Performance

ADSK stock opened at $301.15 on Monday. Autodesk, Inc. has a 1-year low of $195.32 and a 1-year high of $326.62. The business has a 50-day moving average price of $299.53 and a 200 day moving average price of $281.48. The company has a market capitalization of $64.75 billion, a P/E ratio of 59.75, a PEG ratio of 3.17 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.

Autodesk (NASDAQ:ADSK) last announced its quarterly 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 firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.56 billion. Autodesk had a net margin of 18.30% and a return on equity of 53.87%. The company’s revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.33 EPS. As a group, equities research analysts forecast that Autodesk, Inc. will post 5.76 EPS for the current fiscal year.

Insider Buying and Selling at Autodesk

In related news, Director Mary T. Mcdowell sold 550 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of $305.06, for a total transaction of $167,783.00. Following the completion of the sale, the director now directly owns 30,249 shares in the company, valued at $9,227,759.94. This represents a 1.79 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.14% of the company’s stock.

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.