Principal Financial Group Inc. cut its position in Autodesk, Inc. (NASDAQ:ADSK - Free Report) by 1.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,169,743 shares of the software company's stock after selling 29,686 shares during the quarter. Principal Financial Group Inc. owned approximately 1.01% of Autodesk worth $528,289,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Bfsg LLC acquired a new position in Autodesk in the 4th quarter valued at $27,000. Rakuten Securities Inc. acquired a new position in Autodesk in the 4th quarter valued at $28,000. AdvisorNet Financial Inc grew its stake in Autodesk by 67.1% in the 4th quarter. AdvisorNet Financial Inc now owns 142 shares of the software company's stock valued at $35,000 after buying an additional 57 shares during the last quarter. Operose Advisors LLC acquired a new position in Autodesk in the 3rd quarter valued at $35,000. Finally, Anchor Investment Management LLC acquired a new position in Autodesk in the 4th quarter valued at $41,000. 90.24% of the stock is currently owned by institutional investors and hedge funds.
Autodesk Trading Down 0.5 %
Shares of NASDAQ:ADSK traded down $1.12 during trading on Monday, hitting $216.65. 1,465,591 shares of the company's stock were exchanged, compared to its average volume of 1,465,467. Autodesk, Inc. has a 1-year low of $191.26 and a 1-year high of $279.53. The firm has a 50-day moving average price of $239.02 and a two-hundred day moving average price of $236.16. The company has a current ratio of 0.82, a quick ratio of 0.75 and a debt-to-equity ratio of 1.23. The firm has a market cap of $46.68 billion, a P/E ratio of 51.51, a PEG ratio of 2.99 and a beta of 1.45.
Autodesk (NASDAQ:ADSK - Get Free Report) last issued its quarterly earnings results on Thursday, February 29th. The software company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.95 by $0.14. Autodesk had a net margin of 16.48% and a return on equity of 75.01%. The company had revenue of $1.47 billion during the quarter, compared to analysts' expectations of $1.43 billion. During the same quarter in the previous year, the company earned $1.26 EPS. Autodesk's revenue was up 11.5% on a year-over-year basis. Equities analysts predict that Autodesk, Inc. will post 5.38 earnings per share for the current year.
Insider Transactions at Autodesk
In related news, CEO Andrew Anagnost sold 21,053 shares of the business's stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the completion of the transaction, the chief executive officer now owns 105,213 shares in the company, valued at $27,354,327.87. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Andrew Anagnost sold 21,053 shares of the business's stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $259.99, for a total transaction of $5,473,569.47. Following the completion of the transaction, the chief executive officer now owns 105,213 shares in the company, valued at $27,354,327.87. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mary T. Mcdowell sold 550 shares of Autodesk stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $264.74, for a total transaction of $145,607.00. Following the completion of the transaction, the director now directly owns 38,766 shares in the company, valued at approximately $10,262,910.84. The disclosure for this sale can be found here. Insiders sold a total of 36,166 shares of company stock worth $9,465,055 in the last quarter. 0.14% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of brokerages have weighed in on ADSK. Royal Bank of Canada reissued an "outperform" rating and issued a $320.00 price target on shares of Autodesk in a report on Monday, April 1st. KeyCorp raised their price objective on shares of Autodesk from $275.00 to $320.00 and gave the stock an "overweight" rating in a report on Friday, March 1st. StockNews.com downgraded shares of Autodesk from a "strong-buy" rating to a "buy" rating in a report on Friday, April 26th. Citigroup raised their price objective on shares of Autodesk from $276.00 to $307.00 and gave the stock a "buy" rating in a report on Monday, February 26th. Finally, BMO Capital Markets lifted their price target on shares of Autodesk from $232.00 to $293.00 and gave the company a "market perform" rating in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $274.67.
View Our Latest Stock Report on ADSK
About Autodesk
(
Free Report)
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.
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